Trial Balance/Budget (report)
The Trial Balance/Budget report shows general ledger (G/L) accounts with debit and credit net change and balance for a period you specify. The report also shows the percentage of actual figures vs. figures for same period last year.
You can filter the report by dimensions.
Use the report to assess how well you're following your financial plans and identify variances between actual and budgeted amounts. The report is useful for financial analysis and decision-making at the end of an accounting period or fiscal year.
Use cases
Financial analysts use the report to:
- Analyze the financial performance of the business. Review the variances between actual and budgeted amounts of each account in the chart of accounts.
- Identify areas to save cost or generate revenue, and make recommendations for improving financial performance.
- Use the report data to prepare financial reports for stakeholders such as investors or executives.
Accountants use the report to:
- Use the report data in comparison with budget amounts to prepare financial statements, such as income statements, balance sheets, and cash flow statements.
- Verify the accuracy of the financial data by ensuring that debits and credits balance, and compare the actual vs. budgeted amounts.
- Analyze the financial health of the business. Review the variances between the actual and budgeted amounts of each account in the chart of accounts.
Controllers use the report to:
- Monitor the financial performance of the business. Review the variances between actual and budgeted amounts for each account in the chart of accounts.
- Identify areas to save cost or generate revenue, and make recommendations for improving financial performance.
- Use the report data to prepare financial reports for internal and external stakeholders such as board members or regulatory agencies.
Try the report
Try the report here: Trial Balance/Budget
Tip
If you hold down the CTRL key while you select the report link, the report opens on a new browser tab. In this way, you can stay on the current page while you explore the report on the other browser tab.
See also
Built-in key finance reports
Ad hoc analysis on finance data
Financial analytics overview