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June 8, 2023
Question

Hi i want to know about the trial balance report with opening and closing balance

  • June 8, 2023
  • 1 reply
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hi i want to know about the trial balance report with opening and closing balance

1 reply

June 8, 2023

Hi there, finance-emirates.

 

Thank you for visiting the QuickBooks Community. I'll share information on how the Trial Balance report works in QuickBooks Online. Also, I'll ensure you can achieve your goal by performing the alternative steps below.

 

A trial balance is a financial report that shows the closing balances of all general ledger accounts, as well as totals all debits and credits. With this, running the said report with the opening balance is currently unavailable.

 

For now, I suggest going to the Chart of Accounts page and clicking each account so you'll be routed to the Bank register page. Then, you can view the net activity and opening balance from there.

 

Here's how:

 

  1. Go to the Accounting menu on the left panel.
  2. Choose the Chart of accounts and choose a specific account.
  3. Click the Account history link under the Action column.
  4. Locate the opening balance.

 

Lastly, I'm adding this article if you need help printing, emailing, and exporting different reports in QuickBooks: Run reports in QuickBooks Online.

 

If you need further assistance or have additional questions about the Trial balance, just add a comment below. I'm always here to help, finance-emirates. Have a beautiful day.