Trial Balance Reports General Accounting>Reports

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Overview

In accounting, the Trial Balance is a worksheet listing the balances of each ledger account in two columns, namely Debit and Credit, at a certain date. Under the double-entry system, the total of any debits in any transaction must equal the total of any credits. Therefore, the total of the debit side in a Trial Balance should always be equal to the total of the credit side. The Trial Balance thus serves as a tool to detect errors that can result in the totals not being equal. Credits are often represented as a negative, in which case the total of the Trial Balance should be zero.

 

 

Key Concepts

•The Trial Balance Report is classified as an Report Management report, therefore reside at Utilities>Report Management.
•This report is not designed via the Financial Statement Designer. More on the Financial Statement Designer
•Access to these reports are granted through Permission, they are granted on the User/Group Permissions Tab. More on Permissions
•You are unable to modify the Original version of a report, however, you are able to copy a report and modify it. More on Customizing a Report Management Report