Trial Balance
The images and steps in this topic are based on our new design (which you can currently switch on and off). If you haven't switched the new design on, the images may look different.
The Trial Balance is a list of all the Nominal Accounts (both revenue and capital) contained in the business. This same list of nominal accounts can be found by going to Settings > Chart of Accounts.
Running the Report
-
Go to Home > Reports > Financial, then select Trial Balance.
-
Select the Time period, Start date, and End date.
-
Select if you want to Include opening balance.
The figures will update according to your selections.
-
Any comments added will be available while you are preparing the report and will appear on the downloaded or printed reports, however, they will not be stored in IRIS KashFlow to refer to at a later stage.
-
You can download a CSV copy, Print, or Email the report.
To download the report in PDF format, you can select Print, then the download icon.
Report settings
You can update the content settings and layout of the report in Settings. Any changes made here will apply to Balance Sheet, Aged Creditors, Profit and Loss, and Trial Balance reports.
Understanding Trial Balance
IRIS KashFlow is a little different from any other accountancy software in that it allows you to select a Start date. The report will list all of the nominal codes in your account and the balance that is sitting on those codes for the time frame you have ran the report for.
However, to get accurate data, it should really always be run for the entire length of the business.
To see what transactions make up the balance, select the nominal code you would like to drill into.
Troubleshooting
The sum of all debits should always be equal to the sum of the credit side with any disagreement indicating an error. If this should happen, please get in touch with us at support@kashflow.com to troubleshoot this for you.