AccountsPortal Help Documentation

Trial Balance


The Trial Balance report is a summary of all accounts for the Organisation at a point in time. Totals Debits should always equal Total Credits. You can drill down to individual line items for each account by clicking on the amount. This is an easy way to check and verify the underlying transactions of each account balance .

View the Trial Balance

To view the Trial Balance report, navigate to the Reports tab, and then click the Trial Balance link.

Report parameters

  • End Date:  The point in time at which the report will be run.

Once the parameters have been chosen, click the Refresh button.

The year-to-date transaction history of all the accounts in the Trial Balance can be exported in spreadsheet format by clicking the Export Nominal Ledger button.

The current report can be Exported or Printed at any time.

Notes

This report will automatically exclude all transactions (with the exception of Opening Balance transactions) entered before the Conversion Date. Refer to the section on Converting from Another Accounting System for more information.

All reports in AccountsPortal are created in real time and there is no need to process any end-of-year journals. This means that Retained Earnings will be automatically calculated for prior financial years, and the Profit and Loss reflected in the Trial Balance will therefore always pertain to the current financial year only. Accordingly, it is critical that the correct financial year-end has been specified in the Organisation's Financial Settings.