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Trial Balance screen

Set up balance definitions

You can use the
Balance Definitions
 window to specify which journal entry types to include in the calculation of each balance type and to specify which balance types are to be rounded on reports and in the grid of the
Enter Trial Balance
 screen.
  1. Select
    Setup
    ,
    Clients
    , then select the client in the client selection field.
  2. Select the
    Accounting Information
     tab.
  3. In the Balance Information section, select
    Edit
     for Balance definitions.
  4. In the
    Balance Definitions
     window, select the journal entry types to include in the calculation of each balance type.
    Bal definition screen
    Bal definition screen
  5. To have the application display rounded amounts for any balance type, mark the checkbox in the Round Balances column. Also specify the appropriate rounding accounts to use for Asset rounding, Liability rounding, and Income Statement rounding.
  6. Select
    Enter
     to save the client record.
    note
    • The application includes the Unadjusted balance amount in the calculation of the Adjusted, Report, Tax, and Other balances.
    • You can edit the calculation of the Other, Report, and Tax balances only. The calculation of the Unadjusted and Adjusted balance types are predefined by the application and can't be modified.
    • For a client with a segmented Chart of Accounts mask and a non-core segment designated as the primary segment, mark the
      Round by segment
       checkbox and select
      Assign accounts
      , which opens the
      Account Segments
       screen where you can assign rounding accounts for the primary segment.

This article applies to:

  • Product: Accounting CS,Workpapers CS
  • Subject: Chart of Accounts,Journal entries,Posting periods,Trial balance