Trial Balance Report

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What is the Trial Balance Report?

The Trial Balance lists all the account balances in your company’s ledger at a specific time, usually at the end of an accounting period, such as a month or a year.

Trial Balance Report

The Trial Balance report ensures that the total debits in the accounts equal the total credits, a fundamental principle of double-entry accounting. You can use it to check for errors in your accounting records by comparing each account’s total debits and credits to ensure they balance.

The Trial Balance report has five sections: Assets, Liabilities, Income, Expenses, and Equity.

You need to install the Double-Entry app to get the Trial Balance report. After installation,

  • Go to Reports on the Navigation Menu.
  • On the Reports page, go to the Accounting section.
  • Click Trial Balance.
  • On the Trial Balance report page, you can use the filters to set the following:
    • Basis: Accrual or Cash
    • Chart of Account
    • Report date: Pick a specific period for your report.
  • After entering your preferred filters, hit the Enter Key on your keyboard to refresh and view an updated report.

You can Print, Export or Schedule Trial Balance reports from the top left corner of the page.

To schedule reports, you need the Schedule Reports app.

Check out how to schedule reports.

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