For each account, this report displays the account balance at the beginning of a date range, the total debits and credits within the date range, the net activity, and the balance at the end of the date range.
Report Tip: This calculates the changes in your account balances for the month. Look at the Net Activity column and try to spot errors (amounts way out of whack). To check for omissions, be sure to check the Include $0.00 Balances checkbox in the Report Customization window. If a normally active account has zero activity for the month, you probably forgot to make an entry.
Usually the summary report, rather than the longer detail report, is adequate. The summary report gives you one line (beginning balance, total debits, total credits, net activity, and ending balance) per account. If needed, you can generate a Trial Balance [Detail] report for the month. This will generate a line for every transaction (it can be a huge print-out) entered during the month.
Enter the first day and last day of the month in the Date Range fields. Run the report for all accounts. To be complete, check the Include $0.00 Balances checkbox.
More Details about the Trial Balance (Summary) Report
Account # |
Account Name |
Beginning Balance |
Total Debit |
Total Credit |
Net Activity |
Ending Balance |
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_________________________________________________________________________________ |
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1-1100 |
Checking Account |
$3,050.73 |
$6,000.00 |
$323.90 |
$5,676.10 |
$8,726.83 |
|||
1-2200 |
Finished Goods |
$77,077.11 |
$283.18 |
$0.00 |
$283.18 |
$77,360.29 |
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1-3000 |
Accounts Receivable |
$49,046.46 |
$10,000.00 |
$16,000.00 |
$6,000.00 |
cr |
$43,046.46 |
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2-1200 |
Accounts Payable |
$13,093.04 |
cr |
$11,880.00 |
$12,212.13 |
$332.13 |
cr |
$13,425.17 |
cr |
6-1200 |
Car & Truck Expenses |
$0.00 |
$100.00 |
$0.00 |
$100.00 |
$100.00 |
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6-1700 |
Freight Paid |
$0.00 |
$48.95 |
$0.00 |
$48.95 |
$48.95 |
|||
6-1800 |
Insurance (other than health) |
$0.00 |
$45.00 |
$0.00 |
$45.00 |
$45.00 |
|||
6-2000 |
Legal & Professional Services |
$0.00 |
$178.90 |
$0.00 |
$178.90 |
$178.90 |
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Total: |
$28,536.03 |
$28,536.03 |
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Trial Balance (Summary) Report - Sample Report