Trial Balance
Mike or Penny Novack
mpnovack at mtdata.com
Thu Dec 22 12:47:55 EST 2016
On 12/22/2016 11:38 AM, Michael via gnucash-user wrote:
> Thanks Dave for the reply. It seems to be something with my data. OK
> on 2.6.14 but not 2.6.15. I tried a simple new test account on 2.6.15
> and trial balance is as expected. With my real account data, two
> columns of numbers are there, but only one sum. I must have something
> in one column that prevents a sum. Thanks again. Mike
I must admit to being slightly curious. What are people using the "Trial
Balance" FOR?
Having learned bookkeeping back in the old days of pen and ink on paper,
I know what I used the trial balance for. Since manually "posting" the
entries from the "journal" to the "ledger" quite possible to have
transcribed an number incorrectly, so the ledger COULD be out of balance
(this a common type of error), so it was then "find the error" (has to
be between now and the previous Trial Balance).
But "autoposting" software like gnucash will not make this sort of error
<< any unposted portion of a transaction will be in Imbalance, for
example --- so simply check that Imbalance and Orphan have zero balance.
>> Anyway, a package like gnucash sort of works in reverse with the
transactions being entered directly into the ledger and the Journal
being virtual << you can run a report that would be the journal >>
So when are people using gnucash running a Trial Balance and what is
being done with it?
Michael D Novack
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