Trial Balance (4 equalities)

The Trial balance report must be developed according to the Romanian law requirements. The Trial Balance must display G/L Accounts having not null balance amount at the end of period, or having posted transactions in period.

The following data must be printed in Trial Balance (4 equalities):

  • Previous Amounts – both on debit and credit side. These amounts sums the initial balance (on debit or on credit side), calculated at the end of the previous year, and previous movements (both on debit and credit side) calculated from the beginning of the year until the beginning of the period;
  • Current Movements – both on debit and credit side;
  • Total Amounts – both on debit and credit side – sums Previous Amounts and Current Movements columns;
  • Ending Balance (final amount for selected period) – on debit or on credit side. A general total is calculated and printed at the end of the report.
Note

Report data is printed in the Trial Balance according to G/L account setup (account type, totaling field, etc.).

How to run the Trial Balance(4 equalities) report

  1. Open the Trial Balance(4 equalities) by choosing Tell me icon
  2. In the window that is opened, the following filters can be used: 2.1 Options tab:
    • Print Chart of Accounts – a check mark in this field indicates that the report will print the entire Chart of Accounts.
    • Include Closing Entries – a check mark in this field indicates that closing entries are included in values calculated for columns Current Movements.
    • Print Amounts in Additional Currency – applies only for companies using additional currency.
    • Analytic / Synthetic 1/Synthetic 2 – the default value is analytic. Specifies the level of detail for Trial Balance report. 2.2 G/L Account tab:
    • Date Filter – it is a mandatory filter. Represents the time interval for which the report is run. It can be one day, one month, a specific interval, etc;
    • other filters applied on G/L Account table, e.g. No. (the report can be run on a certain group of accounts only).

The Romanian accounting law requires monthly income statement G/L accounts closing. In order to print closing amounts for income statement accounts, it is necessary to run Trial Balance (4 equalities) report with a Date filter value that includes closing date. E.g. for October, Date filter must have the value 01.10.2017..C31.10.2017.

Important

If Date filter value doesn’t include the closing date (e.g. for October 01.10.2017..31.10.2017), the income statement accounts are printed as open accounts, even if closing transactions were posted in General Ledger Entries.