About the Account Balances report

Use the Account Balances report to:

• view balances of accounts by a single account, a range of accounts or an account group
• include or exclude statistical accounts
• further filter the list to specific locations and/or departments
• display accounts with a zero balance or just those zero-balance accounts that have had activity
• select the Retain YTD Balances feature to show accumulated balances for income statement accounts that close into retained earnings at year-end.
• drill down through accounts to the general ledger, and then to individual transactions.

To access this report, go to General Ledger > All > Reports > Account balances.

Who typically uses this report?

This report is helpful to many people across the company: budget planners, forecasters, CFOs, and auditors who need the current information about the company, based on account balances.

What’s in the report

When run in Summary mode, the Account Balances report consists of the following columns.

Report Column Heading	Description
Account number	The account number included in the report.
Account name	The account name.
Opening Balance	The amount of the account's balance on the date shown.
Debit	The charges posted to the account for the selected period.
Credit	The payments posted to the account for the selected period.
Adjusting Credit	Adjustments made to the payments posted to the account for the selected period.
Adjusting Debit	Adjustments made to the charges posted to the account for the selected period.
Closing Balance	The total amount of the account's balance after adjustments.

When you run the report in Details mode, the report displays the following columns.

Report Column Heading	Description
Account number	The account number included in the report.
Account name	The account name.
Date	The date on which a transaction was made. The initial entry is the opening balance for the selected time period.
Doc	Any documents related to the transaction.
Memo	Any memo included when the transaction was made.
Amount	The amount of each transaction by account (deposits and receipts, cheques, and disbursements), with a subtotal and ending balance for the period selected.

If you require additional information on the report, customize or create a new financial report to include it.