Trial Balance Report and Month-End Review
Check account debit and credit balances at a reporting date and trace unexpected balances back to Accounts journals.
Open the trial balanceCheck totals and account classifications
Run the report in one currency. Review equal debit and credit totals, then inspect individual account balances for unusual classifications.
Investigate an unexpected movement
If office equipment was posted to supplies expense, the report can balance while showing the wrong account totals. Trace the underlying posting and review the appropriate correction.
Prepare month-end reports
Complete bank and subledger checks before relying on the trial balance to review the profit and loss statement or balance sheet.