trial balance definition

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Trial Balance Report User/Training Guide CMS/PeopleSoft® Trial Balance Report User/Training Guide General Information on the Trial Balance Report While the Trial Balance report is at times a valid tool in CMS Financials 8.4, we believe that most campus users will get more useful and complete information from the Trust and Trust Foundation nVision reports. Unlike nVision, the Trial Balance Report does not include Requisition or Purchase Order transactions in its expenditure account balances and it does not have the ability to “drill down” to additional detail information. However, if you have a need to use the Trial Balance report on occasion, be aware that the entire cash balance may not be available for new purchases. Outstanding requisitions, purchase orders and other liabilities are not deducted from cash until completed and paid. Also, keep in mind that the Trial Balance report should only be used for Trust and Trust Foundation Funds and NOT for General Fund information. For help or corrections contact: Accounting Services x87650 Budget Planning & Administration x86922 Revised 3/8/2005 Page 1 of 5 Trial Balance Report User/Training Guide Navigation: General Ledger>General Reports>Trial Balance 1. The first time you run a Trial Balance report, you will have to create a new Run control ID. Click on the ADD A NEW VALUE tab 2. Insert the Run Control ID 3. Click the ADD button to bring up screen as shown here 4. Once your Run Control IDs have been established and saved, the next time you run a Trial Balance, you may use the FIND AN EXISTING VALUE tab and search to bring up a particular Run Control. For help or corrections contact: Accounting Services x87650 Budget Planning & Administration x86922 Revised 3/8/2005 Page 2 of 5 Trial Balance Report User/Training Guide 5. Fill in the Report Request Parameters as needed. (Note: Make sure that you select the Actuals Ledger, the currency Option equals Base and leave the Currency Code field blank). 6. Click Refresh. The ChartField Selection Fields will not appear until Refresh is clicked 7. Check on the boxes to select the desired ChartFields and Descriptions 8. Enter ChartField Limits (e.g. Trust Fund Code) 9. Change the sequence of the ChartFields to the order you want them to appear on report. Usually you are looking at only one Fund and all Accounts, so Fund would be sequence # 1 and Account would be sequence #2. 10. Click Run For help or corrections contact: Accounting Services x87650 Budget Planning & Administration x86922 Revised 3/8/2005 Page 3 of 5 Trial Balance Report User/Training Guide 11. Enter Server name PSUNX. Select Trial Balance Report then Click OK. You should then automatically return to the Trial Balance Report Screen 12. Click on Process Monitor 13. Click on Refresh until the Run status says Success, then click on Details to get your report 14. Click on View Log/Trace. For help or corrections contact: Accounting Services x87650 Budget Planning & Administration x86922 Revised 3/8/2005 Page 4 of 5 Trial Balance Report User/Training Guide 15. Click on the PDF file. Your Trial Balance report should appear on screen. Click on Print. 16. Your can either view, save and/or print a copy of the Trial Balance Report For help or corrections contact: Accounting Services x87650 Budget Planning & Administration x86922 Revised 3/8/2005 Page 5 of 5

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