Trial balance types
To select the trial balance representation type, open the Accounting tab in one of the following ways:
- Open the Edit engagement or New engagement window → Open the Accounting tab → Select the preferred trial balance type from the drop-down menu
- Open the Settings tab → Click the Organisation button → Open the Accounting tab → Select the preferred trial balance type from the drop-down menu
When you create a new engagement, the program will automatically set your choice of trial balance as default.
Trial balance with one column
By 1-column trial balance is meant the type of report presentation - only as a Closing balance (CB). In comparison to the 6-column trial balance, it can be regarded as CB Dr - CB Cr. This setting affects the following program elements:
Trial balance
The trial balance columns are the following:
Code | Name | Previous | Initial | Misstatements | Adjusted | RJE | Final | Control | ||
---|---|---|---|---|---|---|---|---|---|---|
Dr | Cr | Count |
Edit/Import trial balance
During edit and import, two columns are used for closing balance - Dr and Cr
Account | Name | Closing balance | |
---|---|---|---|
Dr | Cr |
Trial balance groups
In Trial balance groups, the columns are the following:
Name | Code | Previous | Initial | Misstatements | Adjusted | RJE | Final | Control | Diff Initial - Prev | Diff Initial - Prev % | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dr | Cr | Count |
Mapped trial balance
The columns in Mapped trial balance are the following:
Name | Code | Previous | Initial | Misstatements | Adjusted | RJE | Final | Control | ||
---|---|---|---|---|---|---|---|---|---|---|
Dr | Cr | Count |
FS lines
The columns in the FS lines report are the following:
Name | Code | Previous | Initial | Misstatements | Adjusted | RJE | Final | Control | ||
---|---|---|---|---|---|---|---|---|---|---|
Dr | Cr | Count |
Adjustments
When entering adjustments to a document, their columns in the Trial balance section are the following:
Account | Adjustment | |
---|---|---|
Dr | Cr |
Summary of adjustments
In Summary of adjustments, the Trial balance columns are the following:
Account | Adjustment | |
---|---|---|
Dr | Cr |
Lead schedule
The in-built form of Lead schedule has the following columns:
Name | Code | Previous | Initial | Adjustments | Adjusted | RJE | Final | Control | Diff Initial - Prev | Diff Initial - Prev % | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dr | Cr | Count |
Trial balance with six columns
By 6-column trial balance is meant the type of report presentation - Opening balance, Turnover and Closing balance, each having columns for Debit and Credit. This setting affects the following program elements:
Trial balance
Trial balances are separated into sections: Initial, Adjusted, Control, Previous, as well as the reports Check previous and Check adjusted
Code | Name | Opening balance | Turnover | Closing balance | Difference | Variance % | Variance % | |||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debit | Credit | Debit | Credit | Debit | Credit | Dr | Cr | Dr | Cr |
Edit/Import trial balance
During edit and import, all six columns are used:
Code | Name | Opening balance | Turnover | Closing balance | |||
---|---|---|---|---|---|---|---|
Debit | Credit | Debit | Credit | Debit | Credit |
Trial balance groups
In Trial balance groups, the columns are the following:
Code | Name | Opening balance | Turnover | Closing balance | Difference | Variance % | |||||
---|---|---|---|---|---|---|---|---|---|---|---|
Debit | Credit | Debit | Credit | Debit | Credit | Dr | Cr | Dr | Cr |
Mapped trial balance
Mapped trial balances are separated into sections: Initial, Adjusted, Control, and Previous. Their columns are the following:
Name | Code | Opening balance | Turnover | Closing balance | |||
---|---|---|---|---|---|---|---|
Debit | Credit | Debit | Credit | Debit | Credit |
FS lines
FS lines are separated into sections: Initial, Adjusted, Control, and Previous. The columns for each section are as follows:
Name | Code | Opening balance | Turnover | Closing balance | |||
---|---|---|---|---|---|---|---|
Debit | Credit | Debit | Credit | Debit | Credit |
Adjustments
When entering adjustments to a document, their columns in the Trial balance section are the following:
Account | Opening balance | Turnover | Closing balance | |||
---|---|---|---|---|---|---|
Debit | Кредит | Debit | Credit | Debit | Credit |
Summary of adjustments
In Summary of adjustments, the Trial balance columns are the following:
Account | Opening balance | Turnover | Closing balance | |||
---|---|---|---|---|---|---|
Debit | Кредит | Debit | Credit | Debit | Credit |
Lead schedule
In the in-built form of Lead schedule, trial balances and adjustments are separated into the following sections: Initial, Misstatements, Adjusted, Reclassifications, Final, Control, Previous.
The columns of the Trial balance are the following:
Name | Code | Trial balance | |||||
---|---|---|---|---|---|---|---|
OB | TO | CB | |||||
Dr | Cr | Dr | Cr | Dr | Cr |
The columns of the Misstatements and Reclassifications are the following:
Name | Code | Adjustment | ||||||
---|---|---|---|---|---|---|---|---|
Count | OB | TO | CB | |||||
Dr | Cr | Dr | Cr | Dr | Cr |
Using Control trial balance
If you have marked the Use Control TB option in the Accounting tab, this will have the following impact:
- You will have access to Control trial balance in Trial balance, Mapped trial balance, FS lines and Lead schedules
- When completing an audit engagement and opening a subsequent one, the Control trial balance will be used as Previous trial balance
In case you haven't chosen to use Control trial balance:
- When completing an audit engagement and opening a subsequent one, the Final trial balance will be used as Previous trial balance