Trial Balance Report

The Trial Balance Report is a financial statement that reports all account balances at a given time. It is used to verify that the accounts are balanced (total debits = total credits) for the specified accounting period. In double-entry accounting, debits and credits must be equal in order for reports to be correct. It could also be used to print out a detailed list of all accounts and balances as of a specific month.

Select the fiscal year from the Fiscal Year drop-down list.
Select a month range using the From and To drop-down lists.
Check the 13th Month box to include those in the report.
Check the Include Beginning Fiscal Year Balance box to display the fiscal year balance on the report.
Check the Display Fund Summary box to display the fund balance on the report.
Check the Exclude zero balance accounts box to omit accounts with zero balance.
Check the Exclude inactive accounts with zero balance box to omit only inactive accounts with zero balance.
Check the boxes next to the Funds to be included on the report, or check the Check All box to include all of the funds.
Select an option from the Summarize by Account Structure Element drop-down list.
- If your account structure has defined elements, you can roll up to a selected element such as Object. This will summarize similar accounts on one line. It will use the account description of the first account listed.
Enter the Element range of the Account Types using the From and To fields in the Account Filter section.
- The user can filter by one element, or a combination of elements.

Trial Balance Report

Sample Trial Balance Report