Trial balance
The summary of all accounts with their debit, credit and resulting balance totals.
It checks that the books balance and helps identify accounts with unusual balances before closing.
An example
Generate it at any date to assess the year without waiting for the close.
The typical mistake
Looking at it only in December. It is a monthly control tool, not merely a closing formality.
How it appears in AndCompta
Generate it at any date, not only at year-end. It is the first place to look when figures in a return do not match the books.
How to read a trial balance
Equal debit and credit totals are the starting point, not the end of the review. The report must also show whether each account balance is consistent with the activity and available evidence.
A four-step review
- Confirm the company, period, cut-off date and whether the report includes opening balances.
- Check that total debits equal total credits and identify accounts with no balance when you expected one.
- Look for unexpected debit or credit signs, large movements compared with the previous period and accounts with no activity.
- Tie critical accounts to the ledger, bank and supporting documents; post adjustments and generate the report again.
Common questions
What is the difference between a trial balance and a balance sheet?
A trial balance lists each account with its movements and balance. A balance sheet groups closing balances into assets, liabilities and equity at a specific date.
How often should a trial balance be reviewed?
As a routine control, review it at least monthly and always before preparing a return or period close. A firm can review higher-volume or higher-risk clients more often.
If debits equal credits, are the books correct?
No. Equality proves arithmetic balance, but a transaction can still be in the wrong account, amount or period. Review its substance and supporting evidence as well.
Where we explain it in depth
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This definition is general information, not tax or accounting advice. For your specific case, consult a professional and always check the official source.