Each month a complete financial statement is issued for the previous month.
Statements contain the following information:
| • Monthly Activity summary showing the total of all deposits and disbursements, comparing the General Ledger Balance to the Bank Balance | ||
| • A detailed Accounts Receivable listing | ||
| • A Summary Operating Statement, listing the income and expense categories for the current month and year-to-date, comparing actual to budget, showing all variances | ||
| • Supporting Schedules for the Operating Statement | ||
| • Summary Balance sheet | ||
| • Balance Sheet details | ||
| • Bank Reconciliation | ||
| • Photocopy of Bank Account Statement | ||
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