A trial balance is a complete list of your accounts that also shows each account’s balance. Traditional systems require them, but they are not strictly necessary in open systems such as Accountz. However, if you use an accountant or bookkeeper, they may ask you for one. In which case:
- Open all the accounts in the Chart of Accounts so you can see every account.
- Set the End Date in the Chart of Accounts to your financial year end date (leave the Start Date disabled and’Include Year Closing Transfers’ should be ticked).
- Click on the Print Trial Balance button in the Chart of Accounts toolbar, choose the Trial Balance template, then click on the Document tab at the bottom to view and print your report.