Trial Balance
Verify accounting accuracy
Trial Balance
Purpose
Lists all account balances to verify:
- Debits = Credits
- Accounts are balanced
- Ready for financial statements
Generating Report
- Go to Reports > Financial > Trial Balance
- Select as-of date
- Generate report
- Review debits and credits
Reading the Report
- Each account shows debit or credit balance
- Totals at bottom should match
- Mismatch indicates errors
Common Issues
- Unposted transactions
- Wrong account selections
- Rounding differences