Trial balance
Requirement
The provision of a trial balance report over the general ledger, by an accounting system, is a fundamental accounting requirement.In this country, the printing of an accounting trial balance report is not required by law, but a business practice. Trial balance reports are part of the financial period standard reporting.
M3 solution
A five-column report shows this information for each account:
- Opening balances
- Period balances
- Closing balances
An eight-column report shows this information for each account, with separate columns for debit and credit values:
- Opening balances
- Period balances
- Period movements and closing balances
Alternatively, this report can be user defined and produced with the M3 Financial Report Generator Module (RGR).
Configuration guidelines
| Program ID | Program name | Description or comment |
|---|---|---|
| GLS510 | General Ledger. Print Balance Lists | Report with version control and eight unique report layouts |
| GLS635 | Balance 8 Columns. Print | With currency handling and page numbering |