Balance sheet and trial balance

Allow me to provide you some information about unrealised gain and loss and know what is and isn't included on the account, Ivona.

Unrealised gain and loss are transactions that occurred only on paper resulting from an investment. This is also the increase or decrease in the value of an asset that has yet to be sold for cash, such as a stock position that has increased in value but still remains open. You'll want to run a balance sheet report instead of a trial balance. Please know that an unrealised gain can not be an income, unrealised means you did not get any.  Posting it to income will skew net taxable income since there is no offsetting expense

Apart from this, the trial balance is a list of all the general ledger accounts (both revenue and capital) contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. I recommend reaching out to your accountant in case you have issues in running the reports or financial statements. 

For your reference, in case you'll want to run financial reports to manage your business, visit this article for your guide: Common Custom Reports in QuickBooks Online.

Keep in touch if you need anything else about unrealised transactions. I'll be here to help.

Dear MariaSoledadG

I strongly disagree with your statement: 

Please know that an unrealised gain can not be an income, unrealised means you did not get any.  Posting it to income will skew net taxable income since there is no offsetting expense.

According to IFRS you do have to do valuations of your open balance sheet positions in a foreign currency to reflect the true value of this position. If all your customers and vendors invoices are in foreign currency and you have also a loan in foregin currency - the unrealised gain/losses on the fx valuations could be very much the key to an overall loss or profit of your company. 

I am puzzled that Quickbooks does not offer a way to export the correct figures in one trial balance given that it is used in many countries.