DMBM231120 | Annual Balance: Debt Pursuit Offices: Stages of Balance

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The Annual Balance is completed in stages.

Preliminary Work

The preliminary work involves

• reading in vouchers

• calculating outstanding amounts

• machining vouchers, postings and outstanding items

• a preliminary check of overpayments and agreeing repayments.

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Agreements

You should agree

• Law Costs

• uncleared overpayments

• payments received ‘for’ and ‘by’ other offices (RFOC/RBOC).

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Summaries and Statements

You should

• reconcile the CAROL final Account Accumulation totals.

• complete and send Balance statements to Group Office.

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New Accounting Records

You should

• agree and complete Law Costs records for the new Account

• create a new record of non chargeable costs.