Prepare Closing Statements
There are a number of standard reports that you can use to gather the information that you need to prepare your company's closing statements.
The following table describes a number of reports that may be useful in this process, with links to the topics that describe them.
| To | See |
|---|---|
Print a trial balance report with balances and net changes for general ledger accounts. |
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Get an overview of accounts receivable, with the age of amounts receivable calculated from the due date, posting date, or document date. |
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Get an overview of accounts payable, with the age of amounts payable calculated from the due date, posting date or document date. |
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Compare the trial balance with a budget. |
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Print a trial balance report with balances and net changes for general ledger accounts calculated for a series of periods. |
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Print an account schedule to analyze figures in general ledger accounts or compare actual general ledger entries with general ledger budget entries. |
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Check whether customer and vendor ledger entries balance with corresponding general ledger entries. |