Hi,
I just set up a Trial Balance report in the book. The sum of the balance sheet accounts plus the income statement accounts for the period should equal to zero on the TB.
However, because the BS accounts are the perpetual accounts and the IS accounts are the periodic accounts, I am having trouble setting the report to sum up the accounts to zeros.
Because, if I set the TB report with “Yes” to the “Respect Normal Rep” under F11, the IS accounts will have a balance from the beginning of time, not the total for the period.
If I set the TB reprot with “No” to the “Respect Normal Rep”. then the BS accounts will only show the period total, which is not correct neither.
My report is totalled / directly linked from the BS and IS accounts.
Anyway to resolve this? Or perhaps my way of setting up the TB report is incorrect?
Would you please help?
Thanks
Selina