Trial balance
A list of every ledger account with its debit or credit total for a date range. The two grand totals must match.
In Solo Superstars
Open Reports › Trial balance and pick an end date. You will rarely need it yourself; it exists as a check and as the starting point accountants use for the statements. Alison runs it before every close.
Example
Checking 48,210 Dr · Receivable 6,400 Dr · Payable 2,150 Cr · Services 41,300 Cr · … totals 64,368.62 both sides.
Codes shown are the defaults a new workspace starts with. Yours may be renamed or renumbered — check Accounting › Chart of accounts. See the full default chart.
Also called
- TB
- QuickBooks: Trial Balance
Related
- General ledger — Every journal line, grouped by account, in date order. The full history behind any number on a report.
- Balanced entry — A journal entry whose debits equal its credits. The database refuses to save one that does not, so your books cannot drift out of balance.
- Chart of accounts — The list of buckets your money can be sorted into: assets, liabilities, equity, revenue, expenses. New workspaces start with a default set you can rename or extend.
- Monthly close — Declaring a month finished: everything categorized, statements reconciled, then locked so nothing older can change.