Hi there, userakhilprasad01.
I'm happy to see you in the QuickBooks Community. I'll make sure to provide details on what is the purpose of a trial balance in the QuickBooks system. Then, steps to ensure you're able to run a report that contains purchase transactions.
The Trial Balance report is an important element of double-entry accounting in QuickBooks Online. Typically prepared after numerous entries have been posted. This report totals all debits and credits to help you identify any recording errors. It will always give you the balance as at your end date on the balance sheet accounts and give you the accumulated values of your P & L accounts from the first day of the year to the end date you enter into the report date query. That said, specific purchase entries will not reflect in the Trial Balance report.
I suggest running the Transaction Detail by Account report and customize this. This way, you can choose a specific transaction type so you're able t view all purchase entries on the said statement.
Here's how:
- Click the Reports menu on the left panel.
- Choose Transaction Detail by Account in the search bar.
- Click the Cuztomise button. Then, choose the Filter drop-down arrow.
- Checkmark the Transaction Type box and select Purchase.
- Click the Run Report button.
For further details on how you can customise different reports and focus on the details that you want to see, you can click this article: Customise reports in QuickBooks Online.
Please refer to this article to view steps on how you can print, email, and export reports in QBO: Run reports in QuickBooks Online.
If you have other questions or concerns, let me know by leaving a comment below. I'm always here to help you out. Have a great day!
