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Definition: What is it?

A Trial Balance is a list of the general ledger accounts showing the debits in one column and the credits in another. The main objective of a trial balance is to ensure that the total credits and total debits balance (eg. total debits = total credits). It also validates that the double entry accounting is working correctly.

The Trial Balance report is an interactive report. This means that it takes all the values from the General Ledger at the current point in time.

NOTE TO INVESTIGATE: The Interactive Trial Balance report could be a potential problem as it is not static. Often businesses need to produce reports as at a specific date in the past (eg as at your last tax period or VAT period).  How would OFBiz handle this.....???

What is it used for?

To do

What's on the screen?

To do

How do I ....?