Reports Needed for Balancing Unbilled Client Advances

If you are on a Cash Basis, make sure all transactions for the month have been posted and before entering any new activity for the new month run the following reports:

Open Cost Report - choose to run at Original Value

Voucher Expense Listing - run for vouchers that have been distributed to the Unbilled Client Advances General Ledger account and are still Open.

Trial Balance

The Unbilled Costs Total from the Open Cost Report less the total on the Voucher Expense Listing should equal the balance of your General Ledger Unbilled Client Advances account.

If you are on an Accrual Basis, make sure all transactions for the month have been posted and before entering any new activity for the new month run the following reports:

Open Costs Report - choose to run at Original Value

Trial Balance

The Unbilled Costs Total from the Open Cost Report should equal the balance of your General Ledger Unbilled Client Advances account.