View the Trial Balance Report:
- On the left-side menu, click Reports, then select Trial Balance.
- Choose your date range or input a custom date for the report.
- Click Filter Report to view the balances for each account as of the selected date.
The report will display each general ledger account along with its debit or credit balance. Totals at the bottom of the report allow you to confirm that the books are in balance that is, total debits equal total credits.
Understand the Trial Balance Report:
The Trial Balance shows a snapshot of your business's accounts, grouped by account type (Assets, Liabilities, Equity, Income, Expenses) and listed with their debit or credit balances.
- Asset and expense accounts typically have debit balances.
- Liability, equity, and income accounts usually carry credit balances.
The trial balance helps you detect data entry or posting errors before preparing financial statements like the profit & loss statement or balance sheet.
If the total debits and credits don’t match, it may indicate an error such as:
- A transaction posted only on one side (debit or credit).
- An incorrect amount entered in a journal entry.
- A miscategorized account.
Export the Trial Balance Report:
- At the top right corner of the report, click 'Download'.
- Choose between CSV or PDF format.
- The file will download to your browser for saving or sharing.
