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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:

CodeNamePreviousInitialMisstatementsAdjustedRJEFinalControl
DrCr

Count

Edit/Import trial balance

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

AccountNameClosing balance
 DrCr

Trial balance groups

In Trial balance groups, the columns are the following:

NameCodePreviousInitialMisstatementsAdjustedRJEFinalControlDiff Initial - PrevDiff Initial - Prev %
DrCrCount

Mapped trial balance

The columns in Mapped trial balance are the following:

NameCodePreviousInitialMisstatementsAdjustedRJEFinalControl
DrCrCount

FS lines

The columns in the FS lines report are the following:

NameCodePreviousInitialMisstatementsAdjustedRJEFinalControl
DrCrCount

Adjustments

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

AccountAdjustment
DrCr

Summary of adjustments

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

AccountAdjustment
DrCr

Lead schedule

The in-built form of Lead schedule has the following columns:

 NameCodePreviousInitialAdjustmentsAdjustedRJEFinalControl

Diff Initial - Prev

Diff Initial - Prev %
DrCrCount

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

CodeNameOpening balanceTurnoverClosing balanceDifferenceVariance %Variance %
DebitCreditDebitCreditDebitCreditDrCrDrCr

Edit/Import trial balance

During edit and import, all six columns are used:

CodeNameOpening balanceTurnoverClosing balance
DebitCreditDebitCreditDebitCredit

Trial balance groups

In Trial balance groups, the columns are the following:

CodeNameOpening balanceTurnoverClosing balanceDifferenceVariance %
DebitCreditDebitCreditDebitCreditDrCrDrCr

Mapped trial balance

Mapped trial balances are separated into sections: Initial, Adjusted, Control, and Previous. Their columns are the following:

NameCodeOpening balanceTurnoverClosing balance
DebitCreditDebitCreditDebitCredit

FS lines

FS lines are separated into sections: Initial, Adjusted, Control, and Previous. The columns for each section are as follows:

NameCodeOpening balanceTurnoverClosing balance
DebitCreditDebitCreditDebitCredit

Adjustments

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

AccountOpening balanceTurnoverClosing balance
DebitКредитDebitCreditDebitCredit

Summary of adjustments

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

AccountOpening balanceTurnoverClosing balance
DebitКредитDebitCreditDebitCredit

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:

NameCodeTrial balance
OBTOCB
DrCrDrCrDrCr

 

The columns of the Misstatements and Reclassifications are the following:

NameCodeAdjustment
CountOBTOCB
DrCrDrCrDrCr

 

Using Control trial balance

If you have marked the Use Control TB option in the Accounting tab, this will have the following impact:

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

 

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