Ledger Management - Trial Errors

Overview

A Trial Balance is a financial report that lists all the balances of a company's ledger accounts at a specific point in time. It includes both Debit and Credit Balances and is used to check the accuracy of bookkeeping entries. The total of Debit Balances should equal the total of Credit Balances, confirming that the accounts are balanced. A Trial Balance is typically prepared at the end of an accounting period as part of the financial reporting process to ensure that the accounts are in order before financial statements are produced.

As QuickEasy BOS Enterprise is flexible, especially when it comes to editing entries, and it is sometimes possible to post an unbalanced entry. In this tutorial, you will learn how to find these entries and fix them to ensure the Trial Balance is balanced.

Navigation: Main Menu > Accounting > Ledger.

How to Find and Fix Trial Balance Errors

1. Navigate to Main Menu > Accounting > Financials.

2. Click Menu (button) > Dashboard.

3. Select a date next to Set.

4. Click View (button).

5. Click Errors (tab).

6. Double click any entry on the list and complete the entry. 

Related Topics

• References: Ledger