Balance Forward

A Balance Forward is the previous balance on an account that has been carried over from the previous statement to the current statement. 

Tenant Ledger | Balance Forward

If a tenant did not pay their rent last month and owes you $1500, the balance forward on their current statement would be $1500 as they still owe that amount. 

Balance forward on a tenant statement example

Bank Ledger | Balance Forward

Another example would be a bank account ledger. Let's say the balance in your bank account at the end of 2018 was $25,150.25.
If you view a statement for 2019 dated from 01/01/2019 - 12/31/2019, the balance forward by definition would be the previous balance of $25,150.25 which has been carried over from the previous statement to the current statement.

account ledger balance forward example

Nonte: This follows the same logic when pulling a property ledger or owner ledger report. 

To View a Ledger Report Without a Balance Forward

A ledger report within the Rentec Direct software shows the information within the date range selected. The only method to see an account ledger without a balance forward would be to select the 'include all dates' option. By selecting 'include all dates' produces no balance to carry over as there are no prior statements. 

Did this answer your question? Thanks for the feedback There was a problem submitting your feedback. Please try again later.