The following gives an overview of the Statement of Account (SoA).
What is the SoA?
The name “Statement of Account (SoA)“, says exactly what this is, i.e. the amount owed to Avar/you in respect of summaries of fees, as a result of the basis of engagement.
It is prepared before starting the current year’s work.
It requires the client to clear the account before any new work is undertaken.
Why is this Important?
It is crucial that every client understands the current position and balance on their account with Avar.
It also forms part of the engagement, whereby the fees are agreed before any work commences.
No work will be undertaken outside of the agreement that is not charged.
It also allows clients to ensure that they have a plan to manage any outstanding amounts owing to Avar.
