Overview Of Trial Balance In Marg Software

Process To View Trial Balance In Marg Software

OVERVIEW OF TRIAL BALANCE IN MARG SOFTWARE

• A Trial Balance is a list of all the nominal/general ledger accounts contained in the ledger of a business. This contains the name and value of the nominal ledger account. The value could show either a debit balance or a credit balance.
• The debit balance value is listed in the debit column of the trial balance and the credit balance value will be listed in the credit column.
• The Income statement and balance Sheet and other financial reports can then be produced using the ledger accounts listed on the trial balance.
• The purpose of a trial balance is to prove that the value of all the debit value balances equal the total of all the credit value balances. Trialing, by listing every nominal ledger balance, ensures accurate reporting of the nominal ledgers for use in financial reporting of a business’s performance.
• If the total of the debit column does not equal the total value of the credit column then this would show that there is an error in the nominal ledger accounts. This error must be found before a profit and loss statement and balance sheet can be produced.
• The trial balance is a part of the double-entry book keeping system and uses the classic 'T' account format for presenting values.

PROCESS TO VIEW TRIAL BALANCE IN MARG SOFTWARE

• Go to Final Report > Trial Balance.

• A 'Trial Balance' window will appear.
• The user can view Closing Balances of the Accounts, Groups and Ledgers. Also, the user can view the Expenses, Revenues, Profit, Owner’s Capital, etc. 

• The user will press 'Enter' to key to view details of any head.
• Suppose select 'Current Liabilities'.

• The user can view current Liabilities in details.

• The user will press 'F2' key to view balance sheet of particular Month / Date.

• A 'Select' window will appear.
• Mention the date range as per the requirement and press 'Enter' key.
• Suppose mention '01-04-2023' To '30-04-2023'.

• The user can view balance sheet details for April Month.

• If the user needs to filter only those heads which have balances then press 'F7' key.

• Now, the user can view head those have balance will get display.

• The user will press 'Alt+P' key to generate balance sheet in required format.

• A 'Trial Printing' window will appear where the user will select option as per the requirement.
• Click on 'View/Print/Excel/Word/Pdf' as per the reuqquirement.
• Suppose select 'View'.

After following the above steps, the user can View / Print Trial Balance in Marg Software.