Description of the illustration big_gl_first_cf.gif

This figure is a chart that shows an account created on 2/1, a GL reporting date of 2/15, and a billing date of 2/28. In the 2/15 GL report, the first cycle forward fee is reported as unbilled and earned for 2/1 to 2/15, and as unbilled and unearned for 2/15 to 2/28.