Financial year end

Hi there, ME.

I want to make sure you're able to get the steps and get ready for financial year-end on your business. That being said, you can consult your accountant to double-check the amount reported on your Trial balance.

For the total of those 3 accounts payable nominal accounts, the amounts should be the same once all unpaid bills are cleared. You can consult again your accountant for this since you're reporting different currency.

On the other hand, QuickBooks performs certain year-end adjustments based on your fiscal year start month. Please browse this article to see what accounts are affected: Learn how to close your books in QuickBooks Desktop.

Don't hesitate to post again if there's anything else you need. Just leave a comment below and I'll get back to you.

Hi 

Thank you for your reply.  Accountant is also of the opinion totals should be the same.  Any ideas of my best course of action to try to identify this difference.

Thanking you

You're welcome, @ME-. 

I'm here to share some information that can help you with identifying the difference between your reports. 

The Trial balance report summarizes the debit and credit balances of each account on your chart of accounts. Since you've mentioned that you have €, GBP, and USD suppliers, I suggest running and reviewing your Unpaid Bills Detail report if you've selected the right currency. 

To guide you on how to run and customise the Unpaid Bills Detail report, refer to this article: Customise supplier reports.

For more information on how to save the current settings of the customised report to use it in the future, see this article for detailed guidance: Create, access and modify memorised reports.

Let me know in the Reply section if you need further help with your reports. I'm always here to assist. Stay safe and have a wonderful day!