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Dynamics 365 Community / Forums / Microsoft Dynamics GP (Archived) / Trial balance report c...
Microsoft Dynamics GP (Archived)

Trial balance report comprehension

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Posted on by Mayra Humprey 3,125

Good day,

License = Microsoft Dynamics GP 10 BE.

I need to know how the trial balance is input. I will elaborate.

First i went to reports>financial> quick financial and placed a name (ER 2010 TEST) Then went to  reports> financtial> financial statements and created a new one. Then in amounts i picked summary with rollup.Picked on destination just screen and printed it.

When I checked it versus smartlist details of the sales and also inquiry details of sales.The issue is that the sales are pulling the tax and returns into the report. So we are detailling bigger losses than what actually there should be.

*This post is locked for comments

  • L Vail Profile Picture
    L Vail 65,271 on at
    Re: Re: Re: Trial balance report comprehension

    Mayra,

    If you think returns are increasing sales - why don't you create a smartlist restricted by doc type 'return' and then check the distribution accounts?

    On the financial statements I imagine:

    Sales XXX

    Sales Returns and Allowances (XXX)

    On the financial statement sales would be a credit and returns a debit. Is the formula correct in the financials.

    Kind regards,

    Leslie

  • Mayra Humprey Profile Picture
    Mayra Humprey 3,125 on at
    Re: Re: Trial balance report comprehension

    Good day Jesus,

    Unfortunately you option is it pointing me in the right direction, maybe I need to provide you with more detail.

    Returns are typically included as a reduction of sales for financial statements. the problem is that they are incrementing the sales. ( Well that is what i think) I need something i can use to verify where this problem is originating from.

  • Sunbeam De Jesus Profile Picture
    Sunbeam De Jesus on at
    Re: Trial balance report comprehension

    Hi Myra,

    other option.

    you can print a trial balance report go to Reports>financial> trial balance. you can select detail or summary for your report. 

     if you mean financial statements, then you can use quick financial, advance financial or Frx.

  • L Vail Profile Picture
    L Vail 65,271 on at
    Re: Trial balance report comprehension

    Mayra,

    You can check the Financial Statement using the Advanced Financial Analysis module to check where the accounts are rolling from.

    Leslie

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