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Run and analyse the Trial Balance

Created on  | Last modified on 

Summary

How to run and analyse a Trial balance report in Sage Accounting Start

Description

The Profit and Loss report opens when you select Profit and Loss from the Reports page.

Resolution

When to run it

Businesses often run the Trial Balance report at set times in their business cycle or financial year. For example, monthly or quarterly.

You can run it any time you want to see or analyse all your category balances.


How to run it

  1. From Reports, select Trial Balance.
  2. Choose your report criteria.

Report criteria


Drill down for analysis

In review, you can easily spot account balances that look wrong, where the balance may be too high or too low. This helps you to find problems and fix them before running other financial reports such as the Profit and Loss or Balance Sheet.

Select an underlined total to open the Nominal Activity report for the same period for the account. This report will show you more detail.

To return to the Profit and Loss report, close the Nominal Activity report or select Back in your browser.


Export

After running the report, you can export it in PDF or CSV format. The CSV format allows you to import the data to another program such as Microsoft Excel for further analysis.