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Trial Balance

The Trial Balance workbook lists all general ledger accounts with their total Debit and Credit balances for a selected period. It is a fundamental report in the financial close process, used to confirm that the books are in balance and to review posted activity before producing financial statements.

Selection page​

When you open the workbook, the Selection Page appears before the workbooks loads. You can also click the Selection Page sheet at any time to update your parameters directly.

  • Fiscal Year
  • Fiscal Period
  • Company
  • Department
  • Cost Center

Trial Balance​

The report lists each account with its total debit and credit activity for the selected period.

  • Debit: total debits posted to the account during the period. Debits generally increase assets and expenses, and decrease liabilities and equity.
  • Credit: total credits posted to the account during the period. Credits generally decrease assets and expenses, and increase liabilities and equity.