Balance Forward
A Balance Forward is the balance on an account or ledger as of the end of one reporting period that becomes the beginning balance of the next.
This article provides examples of a Balance Forward. Click on one of the links to jump to a section:
Tenant Ledger | Balance Forward
The Tenant Statement displays the Balance Forward and the Total Due including the Balance Forward.
Bank Ledger | Balance Forward
Note: 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.