Preparing Closing Statements
There are a number of standard reports that you can use to gather the information that you need to prepare your company's closing statements.
The following table describes a number of reports that may be useful in this process.
|To||See this report|
|Print a trial balance report with balances and net changes for general ledger accounts.||Trial Balance|
|Get an overview of accounts receivable, with the age of amounts receivable calculated from the due date, posting date, or document date.||Aged Accounts Receivable|
|Get an overview of accounts payable, with the age of amounts payable calculated from the due date, posting date or document date.||Aged Accounts Payable|
|Compare the trial balance with a budget.||Trial Balance/Budget|
|Print a trial balance report with balances and net changes for general ledger accounts calculated for a series of periods.||Trial Balance by Period|
|Print an account schedule to analyse figures in general ledger accounts or compare actual general ledger entries with general ledger budget entries.||Account Schedule|
|Check whether customer and vendor ledger entries balance with corresponding general ledger entries.||Reconcile Cust. and Vend. Accs|
To see a report, choose the icon, type the name as it appears in the table, and then choose the related link.