The Trial Balance Report lists the total debits and credits posted to each G/L Account as of a particular date.
Under the double-entry accounting system, in any transaction, the total debits must equal the total credits. So in a Trial Balance the total of the debit side should always be equal to the total of the credit side.
This report serves as a tool to detect errors, which can result in the totals not being equal. Often, credits are represented as a negative, in which case the total of the trial balance should be 0. The report may be generated for an accounting period range or a specific date range. An option is available to print the data for All Branches or one particular Branch.
Report Parameters
The parameters available for this report are:
- As of Date
- Branch
Generate the Trial Balance Report
- To generate this report, navigate to Reports > Accounting > Trial Balance.
- The Trial Balance Report page is displayed. In the Parameters area, make the desired selections. When finished, click on the Preview button.
- The report results are based on the selections in the parameters area. Users may use the function buttons to print or export the report.