{"id":997,"date":"2023-04-11T16:23:28","date_gmt":"2023-04-11T13:23:28","guid":{"rendered":"https:\/\/akaunting.com\/hc\/docs\/reports\/trial-balance-report\/"},"modified":"2023-04-24T10:58:00","modified_gmt":"2023-04-24T07:58:00","slug":"trial-balance-report","status":"publish","type":"docs","link":"https:\/\/akaunting.com\/hc\/docs\/reports\/trial-balance-report\/","title":{"rendered":"Trial Balance Report"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><strong>What is the Trial Balance Report?<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The Trial Balance lists all the account balances in your company&#8217;s ledger at a specific time, usually at the end of an accounting period, such as a month or a year.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/assets.akaunting.com\/hc\/2023\/04\/11162948\/trial-balance-1024x576.png\" alt=\"Trial Balance Report\" class=\"wp-image-1001\" srcset=\"https:\/\/assets.akaunting.com\/hc\/2023\/04\/11162948\/trial-balance-1024x576.png 1024w, https:\/\/assets.akaunting.com\/hc\/2023\/04\/11162948\/trial-balance-300x169.png 300w, https:\/\/assets.akaunting.com\/hc\/2023\/04\/11162948\/trial-balance-768x432.png 768w, https:\/\/assets.akaunting.com\/hc\/2023\/04\/11162948\/trial-balance-1536x864.png 1536w, https:\/\/assets.akaunting.com\/hc\/2023\/04\/11162948\/trial-balance.png 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">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&#8217;s total debits and credits to ensure they balance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Trial Balance report has five sections: Assets, Liabilities, Income, Expenses, and Equity.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You need to install the <a href=\"https:\/\/akaunting.com\/apps\/double-entry\" target=\"_blank\" rel=\"noreferrer noopener\">Double-Entry app<\/a> to get the Trial Balance report. After installation,<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Go to<strong> Reports<\/strong> on the Navigation Menu.<\/li>\n\n\n\n<li>On the Reports page, go to the <strong>Accounting<\/strong> section.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-video\"><video height=\"1080\" style=\"aspect-ratio: 1920 \/ 1080;\" width=\"1920\" controls src=\"https:\/\/assets.akaunting.com\/hc\/2023\/04\/11162924\/trial-balance.mp4\"><\/video><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Click <strong>Trial Balance.<\/strong><\/li>\n\n\n\n<li>On the Trial Balance report page, you can use the filters to set the following:\n<ul class=\"wp-block-list\">\n<li><strong>Basis<\/strong>: Accrual or Cash<\/li>\n\n\n\n<li><strong>Chart<\/strong> of Account<\/li>\n\n\n\n<li><strong>Report date<\/strong>: Pick a specific period for your report.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>After entering your preferred filters, hit the <strong>Enter Key<\/strong> on your keyboard to refresh and view an updated report.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">You can Print, Export or Schedule Trial Balance reports from the top left corner of the page.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To schedule reports, you need the <a href=\"https:\/\/akaunting.com\/apps\/schedule-reports\" target=\"_blank\" rel=\"noreferrer noopener\">Schedule Reports app<\/a>.<\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><em><em>Check out <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-light-green-cyan-color\"><a href=\"https:\/\/akaunting.com\/hc\/docs\/reports\/scheduling-a-report\/\" target=\"_blank\" rel=\"noreferrer noopener\">how to schedule reports<\/a><\/mark>.<\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is the Trial Balance Report? The Trial Balance lists all the account balances in your company&#8217;s ledger at a specific time, usually at the end of an accounting period, such as a month or a year. The Trial Balance report ensures that the total debits in the accounts equal the total credits, a fundamental [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":928,"menu_order":11,"comment_status":"open","ping_status":"closed","template":"","doc_tag":[],"class_list":["post-997","docs","type-docs","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/docs\/997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/docs"}],"about":[{"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/types\/docs"}],"author":[{"embeddable":true,"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/comments?post=997"}],"version-history":[{"count":3,"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/docs\/997\/revisions"}],"predecessor-version":[{"id":1535,"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/docs\/997\/revisions\/1535"}],"up":[{"embeddable":true,"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/docs\/928"}],"wp:attachment":[{"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/media?parent=997"}],"wp:term":[{"taxonomy":"doc_tag","embeddable":true,"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/doc_tag?post=997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}