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Trial Balance V2

The Trial Balance V2 workbook builds on the standard trial balance by adding Beginning Balance and Ending Balance columns alongside the period debit and credit totals. Together, these four columns show the full movement of each account through the selected fiscal period, from its opening balance to its closing balance.

Selection page​

When you open the workbook, the Selection Page appears before the trial balance loads. Fiscal Year and Fiscal Period are required fields and must be completed before you can proceed. All other filters are optional and help you narrow the results.

  • Company: the company to report on.
  • Fiscal Year: the fiscal year the trial balance reports on. (required)
  • Fiscal Period: the period within that fiscal year used as the cutoff for balances. (required)
  • Segment 02
  • Segment 03
  • Segment 04
  • Segment 05
  • Segment 06

Trial balance report​

The report lists each account by description and shows its full balance movement for the selected period. The Total row at the bottom sums each column across all accounts.

  • Beginning Balance: the account balance at the start of the selected fiscal period, before any activity is applied.
  • 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.
  • Ending Balance: the account balance at the close of the selected fiscal period, calculated as the beginning balance plus debits minus credits.