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Trial Balance Report

 

 

 

 

Definition

 

Trial Balance report is a list of closing balances of ledger accounts on a certain date and is the first step towards the preparation of financial statements. It is usually prepared at the end of an accounting period to assist in the drafting of financial statements.

 

Fields explained in Trial Balance Report

Main Body

 

1.Created: This is the date when the report is generated.

2.Company name and logo will be displayed at right corner, followed with physical company address.

3.ABN: This is the information saved in Company information.

4.Email: This is the information saved in Company information

5.All amounts in report would maintain as maximum two decimal places.

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6.Financial Year: Defaulted as current financial year. 

7.Period: User may select certain period to display trial balance, current month has been selected by default.

8.Include Zero Balances is not selected by default. User may change this function by clicking or un-clicking the check-box.

 

 

 

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