Student question about Statements

I presume this is a customers statement you are writing. If this is an Balance Forward statement you should have an opening balance (Closing balance at 30th June) This will be the first line of the statement If this is an opening balance account where every unpaid invoice and unallocated payment is listed then you should have all these transactions listed. For manual systems Balance forward is quicker.

The accounts rendered, I have never seen that term before (I am in Ireland), may be the column for listing what amount of a payment has been allocated against an invoice. This shows the customer how their payment has been allocated. But this would only be useful for open balance account statements.

The current to 3 month column analyses the ageing of the unpaid invoices. example: July invoices are current (don't see this on your example) June invoices are one month old May invoices are 2 months old April + are 3 months+

It is more normal to see the ageing at the bottom of a customers statement. Usually an Aged Debtors (Receivables) report lists owed amounts is in the format above.

Balance may be the running total of each transaction and the final balance should be what is owed by the customer.

Hope that helps in some way Nilsson

Thanks very Much Nilsson - A most helpful explanation.