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
Code	Name	Previous	Initial	Dr	Cr	Count	Adjusted	RJE	Final	Control

Edit/Import trial balance

During edit and import, two columns are used for closing balance - Dr and Cr

Account	Name	Closing balance
Account	Name	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 %
Name	Code	Previous	Initial	Dr	Cr	Count	Adjusted	RJE	Final	Control	Diff Initial - Prev	Diff Initial - Prev %

Mapped trial balance

The columns in Mapped trial balance are the following:

Name	Code	Previous	Initial	Misstatements			Adjusted	RJE	Final	Control
Name	Code	Previous	Initial	Dr	Cr	Count	Adjusted	RJE	Final	Control

FS lines

The columns in the FS lines report are the following:

Name	Code	Previous	Initial	Misstatements			Adjusted	RJE	Final	Control
Name	Code	Previous	Initial	Dr	Cr	Count	Adjusted	RJE	Final	Control

Adjustments

When entering adjustments to a document, their columns in the Trial balance section are the following:

Account	Adjustment
Account	Dr	Cr

Summary of adjustments

In Summary of adjustments, the Trial balance columns are the following:

Account	Adjustment
Account	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 %
Name	Code	Previous	Initial	Dr	Cr	Count	Adjusted	RJE	Final	Control	Diff Initial - Prev	Diff Initial - Prev %

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 %
Code	Name	Debit	Credit	Debit	Credit	Debit	Credit	Dr	Cr	Dr	Cr	Variance %

Edit/Import trial balance

During edit and import, all six columns are used:

Code	Name	Opening balance		Turnover		Closing balance
Code	Name	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 %
Code	Name	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
Name	Code	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
Name	Code	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
Account	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
Account	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
		Count	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

Page tree

Accounting Settings

Trial balance types

Trial balance with one column

Trial balance

Edit/Import trial balance

Trial balance groups

Mapped trial balance

FS lines

Adjustments

Summary of adjustments

Lead schedule

Trial balance with six columns

Trial balance

Edit/Import trial balance

Trial balance groups

Mapped trial balance

FS lines

Adjustments

Summary of adjustments

Lead schedule

Using Control trial balance