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Difference between revisions of "Trial Balance"
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|- style="box-sizing: inherit;" | |- style="box-sizing: inherit;" | ||
| style="" |Financial Statements | | style="" |Financial Statements | ||
| − | | style="" |[[Balance Sheet]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[Income Statement]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[General Ledger]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[General Journal]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[Trial Balance]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[Statement of Account]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[Accounts Receivable Aging]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[AR Detailed Report]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[AR Transaction Report]] | + | | style="" |[[Balance Sheet]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[Income Statement]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[General Ledger]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[General Journal]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[Trial Balance]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[Statement of Account]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[Accounts Receivable Aging]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[AR Detailed Report]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[AR Transaction Report]] [[Accounts Payable Aging]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[AP Detailed Report]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[AP Transaction Report]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[Cash Position]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[Check List]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[Deposit List]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[Collection Register]] |
|- style="box-sizing: inherit;" | |- style="box-sizing: inherit;" | ||
| colspan="2" style="vertical-align:middle;text-align:center;" |'''Job Aid Modules''' | | colspan="2" style="vertical-align:middle;text-align:center;" |'''Job Aid Modules''' | ||
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|- style="box-sizing: inherit;" | |- style="box-sizing: inherit;" | ||
| style="" |Financial Statements | | style="" |Financial Statements | ||
| − | | style="" |[[Balance Sheet Aids]]<nowiki> | </nowiki>[[Income Statement Aids]]<nowiki> | </nowiki>[[General Ledger Aids]]<nowiki> | </nowiki>[[General Journal Aids]]<nowiki> | </nowiki>[[Trial Balance Aids]]<nowiki> | </nowiki>[[Statement of Account Aids]]<nowiki> | </nowiki>[[Accounts Receivable Aging Aids]]<nowiki> | </nowiki> | + | | style="" |[[Balance Sheet Aids]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[Income Statement Aids]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[General Ledger Aids]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[General Journal Aids]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[Trial Balance Aids]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[Statement of Account Aids]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[Accounts Receivable Aging Aids]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[AR Detailed Report Aids]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[AR Transaction Report Aids]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[Accounts Payable Aging Aids]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[AP Detailed Report Aids]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[AP Transaction Report Aids]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[Cash Position Aids&action=view|Cash Position Aids]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[Check List Aids]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[Deposit List Aids]] <span style="color: rgb(34, 34, 34)"><nowiki>|</nowiki></span> [[Collection Register Aids]] |
|} | |} | ||
Revision as of 12:34, 5 February 2021
Trial Balance
Trial Balance Menu
File:Trial Balance Menu.png
Trial Balance Menu
Trial Balance refers to an overview of balances of the chart of accounts(Debit and Credit) in a given period(Monthly and Yearly).
Trial Balance Menu Terms on Oojeema Prime System:
- Date Range - gives the user a set of date range on how they will view their Balance Sheet.
- Close Period - refers to a process to verify and adjust the balances of account to produce reports regarding company's financial position on that given period.
- Closing of Period will be done monthly. The Journal Vouchers created for the monthly period can still be adjusted.
- Upon Year-end Closing, All monthly periods on that year will be posted.
- Upon Year-end Closing, You cannot cancel any monthly periods on that year.
- Account Code - reference number code for a specific accounting entry for transaction.
- Account Name - the account name corresponds to its account code.
- Previous Carryforward - Previous Balance to be carryforward for the current Period.
- Balance with parenthesis () means that the balance will be deducted to the Balance for the Period.
- Balance Carryforward - Current Balance to be carry forward to the next Period.
- Total Debit - the Total Debit on the specific Account Code.
- Clicking on the Amount link will redirect you to the set of reference on that specific Account Code.
- Total Credit - the Total Credit on the specific Account Code.
- Clicking on the Amount link will redirect you to the set of reference on that specific Account Code.
- Balance for the Period - Current Balance for this current Period(Base from the Total Credit, Total Debit, and Carry forwards on the Trial Balance Sheet)
- Closing - list of Balance before closing.
- Accumulated Balance - Overall balanced on the specific period.
Notes:
- For detailed Instructions on how to closed a period, Export Records and how to view the reference codes. The user can visit the Trial Balance Aids which can be found here.
Closing Period Menu
File:Closing of Period Menu.png
Closing of Period Menu
Closing of Period Terms under Trial Balance Menu
- Closing Period - The set of period to be closed.
- If the user reaches the end of a Period (December on the case of Calendar), a modal will pop up right after the user clicks the Confirm button for the Month of December. The Modal will display the Closing Period of January to December with a Closing Account of Retained Earnings.
- For year-end closing, the closing period will be indicated from January to December.
- Notes - remarks before closing a Period.
- Closing Account - the account to be close in the period.
File:Closing of Period Breakdown.png
Closing of Period Breakdown
Closing of Period Breakdown Terms under Closing Period Menu
- Voucher No. - the reference number to be assigned once the Period has been closed.
- The Journal Voucher will be auto generated once period has been closed.
- Transaction Date - The assigned month to be closed.
- For year-end closing, the Transaction date will be the last Day of the year.
- Reference - the reference of the date of book closing for the month.
- For year-end closing, the reference will be Year end closing for the designated year
- Notes - any remarks for the closing Period.
- Account - Set of Accounts under Income Statement Entries.
- Set of Accounts can be seen in Chart of Account Maintenance Module.
- Description - Description for the specific Accounts.
- Debit - Set of amounts under Debit Accounts.
- Credit - Set of Amounts under Credit Accounts.