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SArchitects
Level 1

Trial balance

Good Day, how do I capture my trial balance for the previous financial year before starting a new financial year information.  

1 Comment 1
MadelynC
Moderator

Trial balance

Hi there, @SArchitects. I can definitely help you access that information in QuickBooks.


You can simply run a Trial Balance report to capture your previous financial year information. Refer to the instructions below to do it:

 

  1. Open your QuickBooks Accountant Online account.
  2. Select the Reports menu from your left pane.
  3. Enter Trial Balance in the Search field or go to the For my accountant section to locate the report.
  4. Set the date period to your previous financial year. You can also click Customise to filter the needed info.
  5. Press Run report after.


I’ve added some useful resources to help you better understand the concept of Trial Balance and how debit and credits work together:

 


Please don’t hesitate to reach back out if you have more questions or concerns about generating your financial statements within the program. I’m always here to assist you. Have a great!