Start with outstanding receivables from A/R report “All Open Balances” showing all balances for the period 1/1/1999 – 07/31/2004

$10,000.00

Add sales for the period 8/1-8/31 from the “Invoice History” report

$20,000.00

$30,000.00

Subtract receipts for the period 8/1-8/31 from the A/R report Money Received

$18,000.00

$12,000.00

Subtract outstanding receivables from A/R report “All Open Balances” showing all balances for the period 1/1/1999 – 08/31/2004

$12,000.00

The difference should be zero

You are in balance and ready for the next month

$0.00