Trial Balance
Every account's debit or credit balance as of a date, with debit and credit totals.
The trial balance lists every account with its debit or credit balance as of a date, with both columns totaled. It's what an accountant usually asks for first, and the starting point for a tax return.
Using it
- Set the date
Pick the As of date. Year-end is the usual choice for a tax preparer.
- Check the totals
The footer shows total debits and credits. Lejr only posts balanced entries, so they should agree. If they don't, the footer says by how much.
- Look for balances on the wrong side
Assets and expenses normally carry debit balances; liabilities, equity and income normally carry credits. A balance on the other side (its normal balance reversed) is worth a look.
- Send it to your accountant
Export to PDF, Excel or CSV. With the general ledger, that covers most of what an accountant needs.
Good to know
- A credit balance in an expense account is sometimes a refund, but more often a coding error.
- Click an account to open its ledger.