Ledger Management - Trial Errors

Overview

A Trial Balance is a financial report that lists all the ledger balances at a specific point in time. It is used to check the accuracy of bookkeeping entries. If the double-entry accounting method is followed, the total of Debit Balances should equal the total of Credit Balances.

The Trial Balance is typically prepared at the end of an accounting period as part of the financial reporting process and is most often used as the base from which other financial reports are drawn.

BOS Enterprise is flexible, especially when it comes to editing entries, and it is sometimes possible to post an unbalanced entry. These entries are referred to as Trial Errors.

This tutorial explains how to find and fix trial errors.

Navigation Example: Main Menu > Accounting > Financial Statements

How to Find and Fix Trial Balance Errors

1. Navigate to the Financial Statements.

2. Click Menu (button) > Dashboard.

3. Select a date next to Set.

4. Click View (button).

5. Click Errors (tab).

6. If there are entries, double-click an entry to edit it, and ensure there are both debit and credit accounts entered and that the debit and credit amounts are equal.

Related Topics

• References: Ledger