Paragon Financials - Trial balance report | ParagonERP

Paragon Financials - Trial balance report

The trial balance report allows accountants to confirm that all entries that were posted in the general ledger for a given fiscal period are balanced. In simplest terms, the trial balance confirms that all debits equal all credits.

This article will walk you through the functionality of the trial balance report in ParagonERP.

Step 1: Make your way to the reports

First, make your way to the reports section of ParagonERP.

Hit the more tab from any screen, and hit the reports module.


From this screen, select the trial balance report from the left hand menu or from the financials card in the main screen.


Step 2: View the trial balance

When you select the trial balance, you'll see a default view. This view shows your overall trial balance from a summary account view.


You can drill into the report, and even view the journal entries linked to that specific amount.

To change your views, right click in the account level 0 column, and select expand all.


You'll see the report expands to show you all accounts, amounts, and related transaction numbers.


You can also choose to collapse account levels. To do so, right click on the preceding account column, and select collapse all. This will collapse only one account level ahead.

Here, we're going to right click on account level 2 to collapse account level 3.




Step 3: Export or print

Once you've selected all of your criteria, you may want to compare it to other reports.

Paragon makes it easy for you to export or print your trial balance.

Excel

Hit the small export button at the far right hand side of the main screen.


Your Excel file will be exported and show up in your downloaded folder with an output similar to the following:


Print

To print, hit the print button next to the search bar.


You may have to click on the popup blocker icon in your address bar to open the print preview.


Your print output will look something like this.


 

 

    • Related Articles

    • Generate and print the trial balance

      Introduction A trial balance is a bookkeeping worksheet in which the balance of all ledgers is compiled into debit and credit account column totals that are equal. A company prepares a trial balance periodically, usually at the end of every reporting ...
    • Print the GL Balances Report

      Introduction Standardized financial reports may give you a snapshot of your business’ financial health, but aren’t as useful for analyzing and investigating the activity within each GL account down to the journal level. Paragon’s GL balances WIGO ...
    • How to view and use the balance sheet report

      Here, we'll walk you through how to view and use the balance sheet report in Paragon. A balance sheet is a statement of your business' financial position which states the assets, liabilities and owners' equity at a given point in time. To put it ...
    • Generate and print the balance sheet

      Introduction A balance sheet is a statement of your business's financial position which states the assets, liabilities, and owner's equity at a given point in time. To put it simply, a balance sheet illustrates your business's net worth. The balance ...
    • How to view the general ledger (GL) report

      Ever have issues capturing the exact balance of your general ledger accounts in your business?  You won't anymore! ParagonERP includes the general ledger report to show you any changes that occur in any of your chart of accounts in the system. This ...