Working with Trial Balance Report

Display Trial Balance

A Trial Balance is a summary of all ledger balances to check whether the figures are correct and balanced. Considering that the journal entries are error-free and posted correctly to the general ledger, the total of all debit balances should equal the total of all the credit balances.

In Tally.ERP 9, the matching of the Trial Balance is a foregone conclusion since all voucher entries are in Debit – Credit format and must balance at the entry point.

To view the Trial Balance

Go to Gateway of Tally > Display >Trial Balance

Tally.ERP 9 shows group wise Trial Balance. Next level detail for a group can be exploded by pressing Shift + Enter. Details of all groups can also be obtained through configuration, except for groups behaving like sub-ledgers.

Select F1: Detailed to break down the grouped information or simply drill down a Group for further detail.

The screen is displayed as shown.

Select F5: Led-wise to list all ledgers and their closing balances. The screen is displayed as shown.

Select New Column to bring up the closing balances for another date. The screen is displayed as shown.

Configure Trial Balance

The Trial Balance can be configured (F12) to show only opening and closing balances.