840 CMR, § 4.01
Accounting Period - January 1st through December 31st.
Adjusting Journal - contains all entries that do not involve cash.
Cash Books - includes the following reports: cash receipts, cash disbursements, adjusting journal entries, trial balance and general ledger.
Cash Disbursements Journal - contains entries of all cash disbursements from the system.
Cash Receipts Journal - contains entries of all cash receipts into the system.
Extension - when PERAC allows a board, upon a written request, to submit the Annual Statement by June 1st rather than May 1st.
General Ledger - a means for keeping record of the system's total financial accounts. It includes all accounts, entries and balances for: Assets, Liabilities, Funds, Receipts and Disbursements.
Pre-close Trial Balance/General Ledger - lists all ledger accounts and balances before the closing entries are made.
Post-close Trial Balance/General Ledger - produced after the closing entries are made to zero out the receipts and disbursements accounts.
Trial Balance - list of all ledger accounts showing a beginning balance, debits, credits, and ending balance.
840 CMR, § 4.01