The Trial Balance is your go-to report when something feels off in your accounts or reports aren’t adding up. It gives you a full snapshot of all your account balances, helping you identify discrepancies before making critical business decisions or filing financial reports.
The Trial Balance report is structured into a simple, easy-to-scan table grouped by account type with their current balances:
Assets: Everything the business owns.
Liabilities: What the business owes.
Equity: Owner’s capital and retained earnings.
Revenue: All your earned income.
Expenses: All outgoing costs and business spending.
Negative balances are shown in brackets, helping you easily identify any potential red flags.
You can interact with the report using built-in tools designed to help you analyze your accounts more effectively:
Date Filter: Choose any specific date to view your financial position at that point in time.
View Switcher: Toggle between monthly, quarterly, or yearly views to monitor account behavior over time.
Export Option: Download the Trial Balance as a CSV file for deeper analysis or sharing with your accountant.
As soon as the report is created, Adam analyzes your Trial Balance and surfaces insights at the top of the page:
A smart summary highlighting major shifts in your financial activity (e.g., spikes in expenses or drops in revenue).
Warnings if the books are imbalanced, like total assets not matching liabilities and equity.
Recommendations based on what Adam finds, so you know what to review or correct before moving forward.
You don’t have to be a professional to know when something’s wrong. Adam gives you simple breakdowns and suggestions if your trial balance looks off, helping you take action before it becomes a problem.