Project cancellation final account

Prepare the reconciled statement

Use with the companion workbook after the source registers are reconciled. This statement records the reviewed account; it is not an automatic claim for every recorded cost. Each amount must have a stable source ID and a stated basis for inclusion.

Project contract and parties

Cancellation event and reviewed effective date

Statement date version and prepared by

Valuation and tax basis

Reviewer and authority for included items

Do not add purchase cost already contained in completed work. Carry mitigation into the source net amount once. Estimates and disputed exclusions belong in the attached schedule, not silently in the agreed amount.

Reconcile receipts and communicate the balance

Positive balance means an arithmetic amount remaining in the proposed account; negative means an arithmetic overpayment. Neither result decides legal entitlement. A deposit applied in this account must not also be deducted as a separate payment.

Disputed or excluded items and reason

Property handover and remaining tasks

Proposed payment or refund arrangement

Required legal review and unresolved questions

Prepared reviewed and dispatched by

Supporting workbook version and evidence index

• Receipts are reconciled to the bank and ledger.
• Returns and credits are counted once.
• No unsupported lost profit or penalty is included.
• Any settlement or release is separately reviewed.

Before you act: this document is general information prepared by ArtBuild to help you organise facts and paperwork. It is not legal advice and has not been reviewed by a lawyer for your situation. Rules differ by province and territory and change over time. Check the official source for your project, and for deadlines, liens, court or insolvency steps, speak with a lawyer licensed where the project is located.