Trial Balance

Select Financials - Trial Balance

Only transaction dates within the range of the specified beginning and ending dates are used for the report. For example, if you specified a beginning date of 12/01/2008 and an ending date of 12/31/2008, only transactions entered on or after 12/01/2008 and on or before 12/31/2008 would be used.

The beginning balances are calculated based on a beginning date of "01/01/0001" to an ending date of one day before the Beginning Date on the Report filter.

The Monthly Trial Balance should balance to zero, and the period totals for Accounts Receivable and Accounts Payable should be the same as the period totals for their respective Posting Registers (when using the same beginning and ending date).

Reports such as Accounts Receivable and Accounts Payable Inquiry, Non-Released Suspense Summary and Minimum Withhold Summary and Prepayment reports should always agree with the general ledger numbers on the Trial balance. The Trial Balance filter includes options for source type, source number, and unit number for additional detail.

You may enter the beginning and ending general ledger number 11300 (Accounts Receivable) to verify ending balance agrees with the company total of the Accounts Receivable Inquiry report. Also, enter the beginning and ending general ledger number 21000 (Accounts Payable) and verify ending balance with the company total of the Accounts Payable Inquiry report. You can print the report for totals only so that you can see the balance without seeing all of the detail. This will save you a lot of time and paper. If you do want a list of all the detail make sure to print the detailed Trial Balance.

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