Source: https://www.quantsurv.com/library/tools/termination-account-reconciliation Content format: Markdown version of the public page. Content reviewed: 2026-10-14 # Termination account reconciliation Separate work value, payments, remedial costs and completion forecasts when preparing a termination account. by [Jack Butler-Kettle]() · About 2 min readShare ## How to use it Check the termination basis and valuation provisions. Identify costs as actual, committed or forecast, and prevent duplicate allowances. ### Termination account reconciliation Check the termination basis and valuation provisions. Identify costs as actual, committed or forecast, and prevent duplicate allowances. [Download blank Excel workbook]() Free blank template for your own project. The completed example is shown below. No email address required. View the completed example Completed fictional example Westhaven refurbishment · 14 October 2026 · Version 1.0 #### Termination account reconciliation Scroll across if needed to read the whole record. A dash means no value has been entered. Termination account reconciliation: completed fictional example | Account item | Work value (£) | Payments / credits (£) | Proposed recovery cost (£) | Net position (£) | Basis / status | | --- | --- | --- | --- | --- | --- | | Work completed to cutoff | £85,000.00 | £70,000.00 | £0.00 | £15,000.00 | Measured M-14; prior payments reconciled | | Rectification | £0.00 | £0.00 | £2,500.00 | \-£2,500.00 | Estimate R-02; liability disputed | | Extra completion cost | £0.00 | £0.00 | £6,000.00 | \-£6,000.00 | Replacement quote Q-20 less unspent original scope | Example net position is £6,500 before other contractual adjustments and VAT. The proposed recovery costs remain subject to entitlement and evidence checks. ## Understanding your results Example net position is £6,500 before other contractual adjustments and VAT. The proposed recovery costs remain subject to entitlement and evidence checks. ## How it works The workbook provides blank working records. Grey cells calculate from the entered inputs; yellow cells are for your information. The completed example stays on this page. Read the [related guidance]() for the context and checks behind this template. If you need help preparing or reviewing the project records, our [quantity surveying services]() explain the tasks available under a separate appointment. Agree the deliverable, responsibilities and required specialist input before work starts. [Browse the Library]()