The Trial Balance is a bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account columns. It's prepared at the end of a reporting period as a preliminary step to financial statement preparation.
You can use the trial balance to verify the arithmetic accuracy of your organization's bookkeeping entries. A balanced trial balance does not guarantee that there are no errors, but it's a crucial step in ensuring that accounts are correctly balanced before generating financial statements.
Yes, you can customize the date range for the trial balance or you can also select commonly used dates for quick access.
By default, the trial balance will display values in your organization's base currency.
You can change the display currency of the trial balance to other currencies that have been set up in your organization. For more information about setting up other currencies, refer to Accounting.
At the bottom of the page, click on See All Rates.
You will be shown a list of all exchange rates used to convert foreign currency transactions back to the organization's base currency.
Other information include the date of the exchange rate, as well as the rate type.
Yes, you can download the report in Excel or PDF formats.
See below for an example of the downloaded file.
Yes, enable Print Report Notes in Options to add and format notes below the report. These notes will be included in the exported report.
Yes, enable Print Exchange Rates in Options to display them below the report. They will also appear in the exported report.
