Welcome to the Empress guide on the Trial Balance (Simple) feature. As a business user, this feature is crucial for you to maintain a clear and concise view of your company’s financial status. It provides a snapshot of all debit and credit entries, grouped by various parameters, ensuring you have the necessary financial information at your fingertips.
What is Trial Balance (Simple) Feature?
The Trial Balance (Simple) feature is a report generation tool in Empress that consolidates all your company’s financial entries into a straightforward, easy-to-understand format. This feature enables you to view, sort, and track your company’s debit and credit information based on fiscal year, company, posting date, and account.
Roles and Permissions
This feature is accessible to users with the following roles:
- Accounts User
- Accounts Manager
- Auditor
These user roles are assigned the appropriate permissions to view, edit, and generate the trial balance report.
How to Use the Trial Balance (Simple) Feature
- Navigate to the
empress/accounts/report/trial_balance_simplepath in your Empress interface. - Use the parameters on the screen to filter or sort your financial data. You can sort entries by:
- Fiscal Year
- Company
- Posting Date
- Account
- Click on the ‘Generate Report’ button to create your Trial Balance report.
This report will show you the sum of debit and credit for each account, grouped by fiscal year, company, and posting date. For additional clarity, a total row is added at the end of the report.
Benefits of the Trial Balance (Simple) Feature
The Trial Balance (Simple) feature offers key benefits to the daily operations of your business:
- Provides a comprehensive view of your company’s financial status.
- Facilitates tracking and managing financial transactions.
- Assists in auditing processes.
By leveraging this feature, you can streamline your financial management processes, making them more efficient and accurate.
Conclusion and Additional Resources
The Trial Balance (Simple) feature is a powerful tool in the Empress suite designed to simplify your financial management processes. It offers a straightforward and efficient way of viewing, sorting, and tracking your company’s financial transactions.
For additional non-technical resources or support, visit the Empress Support Center or reach out to our dedicated customer service team. We are always here to help you make the most out of Empress for your business!