General Ledger > Reports > Default Trial Balance

A Trial Balance is a listing of the accounts in your general ledger and their balances as of a specified date. A trial balance is usually prepared at the end of an accounting period and is used to see if additional adjustments are required to any of the balances. Since the basic accounting system relies on double-entry bookkeeping, a trial balance will have the same total debit amount as it has total credit amounts. All report formats will contain the "As of Date" on the report.

A standardized Pak Accounting Trial Balance can be printed by selecting the option from the General Ledger module / Reports / Default Trial Balance.

As of Date	Select the date to print the Default Trial Balance as of.
Print Prior Year	Can print a prior year comparison. Opens up other features (see below).
Report Format	•Working Trial balance (prints a standard one column trial balance) •Beginning, DR, CR, Ending (prints a multi column rolling trial balance) •Net Activity, Current Balance (the trial balance will print in a two column format) •Debit, Credit (will print the balance of the account in the debit or credit column).
•Print Net Amount Change •Restrict to absolute changes equal or greater than •Print Change Percent •Restrict to change percent equal or greater than	These options become available if the Print Prior Year option is selected above. These options give you the ability to print a net change greater or equal to an amount or net percentage difference.
Range of Accounts /Sub-Accounts	Restricts the list to the designated Account/Sub-Account range selected.
Limit to Reporting Group	Restrict the list to a designated Financial Group
# of blank lines between accounts/sub-accts	Allows you to increase or decrease the line spacing between each acct/sub.
Print Accounts with Zero Balance	Uncheck if you do not want accounts with a zero balance to print on the report.
Sub Total by acct type	Select to add a sub total after each account type (i.e. Assets, Liabilities, etc).
Print Accounts on Sub-Accounts	Will repeat the account and description on each Sub-Account line.
Number of blank columns	Allows you to add blank columns to the report. (option available only if printing a Working Trial Balance).
Print Adjustments on report, Jrnls	Allows you to enter a specific journal number(s) that contain adjustments to print on the Trial Balance. (option available only if printing a Working Trial Balance).
Print Sub-Accounts	•None - prints no Sub-Accounts; •All - print all Sub-Accounts; •Only for accounts marked "List Detail" - print Sub-Accounts with "List Detail" on ledger selected.

If you select the Beginning, DR, CR Ending, the trial balance will print in a multi-column format:

First Column - Beginning Balance depending on the Number of months entered under "Number of months back for Beginning balance".

Second Column - total of debits that changed the balance

Third Column - total of credits that changed the balance

Fourth Column - Ending balance using the As of date.

NOTE: When using this report format, if the number of months causes the beginning balance to cross fiscal years than the "As of Date" then non-balance sheet accounts will appear on the report with"NA" in the Beginning Balance column and the total for this column.

If you select Net Activity, Current Balance, the trial balance will print in a two column format

First Column -

Net Activity as of the date entered for the Number of months entered. For example, As of date 4/30/09 with one month will only print the net change for the month of April. As of date 4/30/09, with 2 months entered will print net change since March 1 (i.e. March and April activity).

Second Column - Ending balance using the As of Date.

To design a customer specific trial balance, go to report definitions to define the report, then to Trial Balance under the Financial Reporting Menu to print.

Selecting the Debit, Credit format will print the balance of the account in the debit or credit column. The ending balance will be printed in both columns. The net column will contain numbers if the Trial Balance is out of balance. Otherwise it should only contain a zero for the total net.