Account Statement Report
The Account Statement Report is required by law for state agencies. If an agency has accounts that are not in the state Treasury, they must submit Report No. 14. If there are no accounts to report, they must indicate no accounts and submit a separate report to the Department of Finance. For further information, see SAM Section 8002 and Government Code Section 16305.2. Well, these laws may change from country to country but the end goal remains the same, i.e. analyzing things.
What is an Account Statement Report?
The Account Statement Report provides a summary of all the transactions that took place in a trading account over a particular time frame. It displays every transaction made on a client’s account.
Why is an account statement report important?
An account statement gives crucial details such as a summary of the services offered to the client, the costs associated with those services, the client’s outstanding balance, and any prepayments made to the account.
