Trial Balance

 

The Trial Balance reports the following for a “user-entered” date range:

 

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Ø   Outstanding Balance – Beginning of Period

Ø   Total Amount Billed

Ø   Total Payments Received (with a “breakdown” between principal and interest)

Ø   Total Adjustments

Ø          Outstanding Balance – End of Period

Ø          Returned Payments – These amounts reflect the total dollar amount of all returned checks, etc., that the bank reported back to the utility after the deposit for these amounts had previously been reported. This total (broken down by principal, miscellaneous, and interest) is for accounting purposes only and, while it is included in the total adjustments, this amount is “extracted” from the total adjustments to be used to reconcile the actual amount of money received and deposited in the utility’s bank account.