Recently I have shared fiscal year close was discussing how to close fiscal year after uploading opening balances which discussed before, this blog is related to the previous two posts where the Financial Consultant and Controllership team are getting the results of their work throughout printing trial balance.
Under General Ledger-> Reports->Transactions->Periodic-> Trial Balance
Dates:
From: Enter start date of report date range
To: Enter end date of report date range
Tips: Trial balance date range should be within one fiscal year
Info log message “From date is in fiscal year 2010. To date is in fiscal year 2011. Dates must be in same fiscal year.”
Details level
Summary: to summarize the transaction on each account
Details: to report each detailed transaction entry occurred on account
Criteria
None: Generate report for all accounts in the chart of accounts
Opening balances: Generate report for accounts only have opening balances
Transaction: Generate report for accounts for account have transaction (month/period) movement
Closing balances: Generate report for accounts have closing balance
Include opening check box: Include opening balance in the monthly movement
Print out of Trial Balance Report
Account Number
Account Name Opening Balance Debit Credit Net difference
Closing Balance
Account number in the chart of Accounts Account name/description in the chart of accounts Opening balance amount, after performing Fiscal year closing Debit transaction amount occurred on that account Credit transaction amount occurred on that account Difference between both sides= Debit – Credit Closing balance for that account at the end date range.= Net difference + Opening Balance
User group: DynamicsArabia
