To display the G/L Balance window, from the Chart of Accounts window, click Related Information, Balance, G/L Balance. The window shows a scrollable summary of the debit and credit balances for all the accounts in the chart of accounts, for the time period you select.
In the Closing Entries field, you can select whether or not the account balance shown will include closing entries.
You can select different time intervals in the View by field. Accounting periods are set up in the Accounting Period table.
Placing a check mark in the Debit & Credits Total field will indicate that totals for both are displayed.
In the View as field, you can select one of the following options to determine what type of amount will be shown in the columns: Net Change or Balance at Date.
The Net Change feature displays the net change in the amounts for each period.
The Balance at Date feature displays the amounts on the last day in each period.
You can also enter dimension values that the program will use to filter the information in the window. For more information about dimension, see Dimension.
The columns in the window display the following information:
| Column | Description |
|---|---|
No. | This column shows the number of the G/L account on the line. |
Name | This column shows the name of the G/L account on the line. |
Income/Balance | This column shows whether the account is an income statement or balance sheet account. |
Debit Amount | This column shows the debit amount for the account. |
Credit Amount | This column shows the credit amount for the account. |