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Foundations
4 min read · beginner
Reading Your Statement of Account
Opening balance, movements, closing balance — like a bank statement but for referral income
Your statement, decoded\n\nThink of your Flip 360 statement exactly like a bank statement.\n\n### Opening balance\nWhat you were owed at the start of the period (but not yet paid).\n\n### Movements during the period\n- + Accrued — new commissions earned in this period\n- + Eligible-progressed — commissions that finished cooling-off this period\n- − Paid — money paid out to your bank\n- − Clawed back — commissions reversed (rare)\n\n### Closing balance\nWhat you're owed at the end of the period. This becomes the opening balance for next month.\n\n### Tax tip\nThe statement is FY-aware. Toggle "FYTD" to see your total for the financial year — useful at tax time. Your accountant will thank you.