For each fraction, in first column, the amount that should be received. In the folowing column (balance) displays the diferente, positive or negative, between the amount that should be payed and the amount realy payed by the owner.
If the owner payed in excess, the excess will be deducted in next year Quotas, if payed less, it will have to compensate next Year.
There can be extraordinary income. In the present case, owner of faction D payed 22 dolars in debt from last year.
On the rigth we have expenses, aggregated by category.
Extraordinary expenses are present at the end. In this case, the fix of a door is presented as extraordinary expense.
Is the result of the sum of all revenues less all expences. This represents the flutuation in assets during your administration period.
Current Net Income
Is the result of revenues less expenses, not counting width extraordinary revenues or expenses. Current net income is necessary to make the Financial Plan for next Year.
Last Year Assets
Values belong too the comonhold at day 1 of January. This means the money in Cash and Bank Accounts presented at last Income Statement.
In this case we have an total of 4.976,73 $ distributed by Cash, Deposit Account and Savings Account.
End of Year Assets
These is the last Year Assets more this year Net Income. It have to be equal to the sum of all assets at the end of the Year.
In this case we have, at 31 of December, 5.339,22$ distributed by Cash and Bank Accounts.
Adding the Last Year Assets (4.976,73$) to this year Net Income (362,60$) it gives 5.393,33$ witch is exatly the value of Assets at day 31 of December, year n.