Construction final account reconciliation calculator

Calculate agreed final account and agreed payable now after retention with your own figures.

Your numbers

Use the units shown. Results update as you change valid inputs.

Choose the currency for these amounts. Changing it keeps your numbers and does not convert exchange rates.

Use agreed final account and agreed payable now after retention to compare changes to your inputs. The method and limits below explain the scope.

Examples

Examples

Try the starting example

Original agreed contract (USD)
100000
Approved changes net (USD)
15000
Payments already made (USD)
90000
Retention still withheld (USD)
5000
Disputed claims separate (USD)
8000
Agreed final account (USD)
$115,000.00
Agreed payable now after retention (USD)
$20,000.00
Retention balance (USD)
$5,000.00
Disputed amount excluded (USD)
$8,000.00

Try another scenario

Original agreed contract (USD)
100000
Approved changes net (USD)
20000
Payments already made (USD)
90000
Retention still withheld (USD)
5000
Disputed claims separate (USD)
8000
Agreed final account (USD)
$120,000.00
Agreed payable now after retention (USD)
$25,000.00
Retention balance (USD)
$5,000.00
Disputed amount excluded (USD)
$8,000.00
Calculation method

Calculation method

Agreed final account (USD)

a+b

Agreed payable now after retention (USD)

a+b-c-d

Retention balance (USD)

d

Disputed amount excluded (USD)

e

Symbols and units
a
Original agreed contract (USD)
b
Approved changes net (USD)
c
Payments already made (USD)
d
Retention still withheld (USD)
e
Disputed claims separate (USD)

Use the units shown. A list keeps the order in which you enter its values. The symbol ^ means “raised to the power of”.

Assumptions & limits

Assumptions & limits

  • Arithmetic reconciliation only; approved changes, payments and retention status must be supplied. Disputed claims never included as agreed receivables. Supported limits: All numeric inputs must be finite. Only the explicitly described mathematical scenario is supported.
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