Trail Balance
Summary view of balances and activity for all accounts.
Understand your trial balance report
The trial balance report displays the total credits and debits for all of your account balances on a specific date. This report helps you find errors in account balances and ensure your books are balanced.
Use your trial balance report to:
Review account balances as of a specific date
Verify that the total debits of all accounts equal the total credits of all accounts
Find discrepancies or errors in your ledger
Confirm account balances for reconciliation
View your trial balance report
On the left-side menu, click Reports.
In the Gig Deeper section, click Trial Balances.
Select the dates (from date to date).
Click Generate Report.
Export to PDF file by Download.
Partial Trail Balances
Detailed list of all transactions and their total by account—everything in your Chart of Accounts.
Understand your partial trial balance report
The trial balance report displays the total credits and debits for all of your account balances on a specific date for a specifc section. This report helps you examine account balances of this section only like assets - cash and bank and ensure your books are balanced.
View your trial balance report
On the left-side menu, click Reports.
In the Gig Deeper section, click Trial Balances.
Select the dates (from date to date).
Select the account (Assets, Liabilities, Income, Expenses, Equity)
Select the account category (example: under Assets, cash and bank oe money in transit).
Click Generate Report.
Export to PDF file by Download.
Account Transactions (General Ledger)
Detailed list of all transactions and their total by account—everything in your Chart of Accounts.
Understand your account transactions report
The account transactions report lists details of all transactions for each account in your Chart of Accounts. This is the main report for all financial activity, grouped by account. Each transaction is recorded in two accounts: where the money came from, and where it’s going. This ensures that your books are always in balance.
Each row in the report lists a different account. There are 6 columns that list:
Starting Balance: The amount of money in that account on the first day of your selected date range.
Date: Account transcation date.
Transaction ID: Account transcation ID.
Description: Account transcation description.
Debit: The total amount of money that was withdrawn from the account during your selected date range. This amount represents your purchases, bill payments, and expenses.
Credit: The total amount of money that was deposited into the account during your selected date range. This amount represents your invoice payments, deposits, and sales.
Balance: The overall change in the account's balance. This amount is calculated by subtracting the account's Debits from its Credits.
Ending Balance: The current account balance. This amount is calculated by adding or subtracting the Net Movement amount from the Starting Balance.
At the bottom of each section are the total amounts for each column.
