Trial balance between date report is the sum of debits and credits for every account of the business.
The Trial Balance Between Date report is a financial statement that provides a summary of debit and credit balances within a specified date range. This report is useful for reviewing the financial status of a business over a particular period, allowing for a focused analysis of transactions during that timeframe. It displays the debits and credits for the Opening Balance, Transactions, and Closing Balance of the business during a specific financial period. A balanced trial balance ensures that the amounts on both the debit and credit sides are equal. At the conclusion of each financial year, every company maintaining financial records is required to generate a trial balance report.
To view the Trial Balance Between Date report, go to the Accounts section in the report module. Subsequently, select the Trial Balance Between Date option, and the report will be displayed on the screen.
MENU AVAILABLE IN TRIAL BALANCE BETWEEN DATE REPORT
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Description |
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Customize |
The user has the flexibility to tailor the report data by clicking on this button. Data filtration is possible based on the date period. In the filter window, the user can input the starting and ending dates to customize the data according to the specified date range. |
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Export to Excel |
By clicking this button, users can export the report to Excel. |
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Export to PDF |
Clicking this button allows the user to export the report to PDF. |
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This button enables users to print the trial balance between date report. |
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To send the report via email, simply click this button. The report in PDF format will be attached to the email, and you can input the recipient's email address, CC address, subject, and any additional details for the email. |
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Pagination |
The pagination control offers the capability to navigate from one page to another. |
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Exit |
Clicking the 'Exit' button allows the user to exit from the report. |
DATA AVAILABLE IN TRIAL BALANCE BETWEEN DATE REPORT
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Description |
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# |
The symbol '#' represents the number of lines in the given context. |
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Particulars |
In a Trial Balance report, particulars include individual accounts like assets, liabilities, equity, revenues, and expenses, each with its corresponding debit or credit balance. In the particulars section, various groups are presented along with the total balance within each group. |
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Opening Balance Debit |
The opening balance debit amount in a Trial Balance represents the total debits associated with accounts carried forward from the previous accounting period. It includes the cumulative debit balances of various accounts like assets, expenses, and certain liability accounts at the beginning of the current period. This amount reflects the financial position at the start of the reporting period and serves as a foundation for subsequent transactions. |
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Opening Balance Credit |
The opening balance credit amount in a Trial Balance represents the total credits associated with accounts carried forward from the previous accounting period. It includes the cumulative credit balances of various accounts like liabilities, equity, and certain revenue accounts at the beginning of the current period. This amount reflects the financial position at the start of the reporting period and serves as a basis for subsequent transactions. |
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Transactions Debit |
The transaction debit in a Trial Balance represents the total debits associated with financial transactions recorded during a specific period. It includes the sum of debit entries for various accounts such as assets, expenses, and certain liability accounts. The transaction debit amount reflects the total increases in these accounts resulting from business activities over the given period. |
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Transactions Credit |
The transaction credit in a Trial Balance represents the total credits associated with financial transactions recorded during a specific period. It includes the sum of credit entries for various accounts such as liabilities, equity, and certain revenue accounts. The transaction credit amount reflects the total increases in these accounts resulting from business activities over the given period. |
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Closing Balance Debit |
The closing balance debit amount in a Trial Balance represents the total debits associated with accounts at the end of a specific accounting period. It includes the cumulative debit balances of various accounts like assets, expenses, and certain liability accounts. This amount reflects the financial position at the conclusion of the reporting period and carries over as the opening balance for the subsequent period. |
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Closing Balance Credit |
The closing balance credit amount in a Trial Balance represents the total credits associated with accounts at the end of a specific accounting period. It includes the cumulative credit balances of various accounts like liabilities, equity, and certain revenue accounts. This amount reflects the financial position at the conclusion of the reporting period and serves as the opening balance for the subsequent period. |
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Total |
The total amount in a Trial Balance is the sum of all debit balances and the sum of all credit balances for all accounts within the accounting records. In a properly balanced Trial Balance, these two totals must be equal, ensuring that the accounting equation is maintained and the financial records are accurate. |