A statement of account template is an accounting tool which is used for providing descriptions of different transactions. It is a useful document which provides a detailed report about the contents of an account. Moreover, this document is prepared for a specific time period with details about each transaction and shows billings as well as payments for different utilities. Usually, it is a periodic summary of an account with a brief description of all activities that happened in an account along with a precise date and time. The statement of account is an official summary according to the books of account which cannot be denied by both parties. In addition, this statement is generated for the acknowledgment of customers about transactions. Normally, a statement of account includes the heading of the company or bank’s name, date and time of preparing the statement, time period of the statement, a brief description of each transaction along with valuable information, address and contact information of the association, which is required for further inquiry along with the signature of authorities.