Trial balance report in Codejig ERP summarizes debit and credit balances in each account used by your organization for a period of time covered by the report. In particular, the report presents the following data for each account:
- Opening debit and credit balances
- Debit and credit turnover
- Closing/ending debit and credit balances
Accounts having zero balances and zero turnovers do not appear in the Trial balance report. If certain accounts have zero opening and closing balances, but debit and credit transactions took place in those accounts during a given period, they will appear in the report.
The report fetches data for the analysis from the Transaction journal.
In the basic Trial balance report, all accounts are organized according to the structure of the chart of accounts by account groups, account subcategories and major account categories they belong to.
In other words, accounts in the initial Trial balance report are grouped and displayed according to the hierarchical structure of your company’s chart of accounts.
Total balances and amounts are displayed at each level of the report hierarchy and at the grand total level. If no data is available for certain levels, nothing is displayed for them. While moving to sublevels of the report, total amounts and balances are broken down into the amounts comprising the final total of the higher level.
To go to the Trial balance report
1. On the Codejig ERP Main menu, click the Reports tab.
2. Under the Reports tab, click the Accountant folder, and then select Trial balance report.
Trial Balance: Header Area
Trial Balance: Default Grouping
Trial Balance: Default Summarizing