Using the Working Trial Balance

The Working Trial Balance is an integrated worksheet where you can create and edit accounts, add opening, prior and budget balances, and add working paper references. Journal entry adjustments can also be viewed from here. Information used in performing ratio analysis and foreign currency translations is entered into columns in the Working Trial Balance. You can also create custom groupings and assign them to accounts in the trial balance for presentation on leadsheets. Efficient tax return filing is possible through the use of the Tax setup where accounts in the trial balance are assigned to tax codes for export to the applicable tax package.

Note: In a consolidated file, you will see all balances pro-rated to 100%. The contribution fractions and percentages are only applied to the documents. Thus, to see the balances with contribution percentages applied, print or preview the documents for the subsidiary involved.