Hi everyone,
Newbie here so I apologise if this is a really dumb question, but the trial balance report is not reflecting the Income and Expenses figures from my opening balances journal (everything is blank under the headings), they are showing only on the Profit and Loss Statement. Anyone able to help?
In the first place, you should not have an “opening balances journal,” whatever you mean by that. Starting balances are entered in Manager on a dedicated page under the Settings tab. Read the Guide: Enter starting balances | Manager.
In the second place, starting balances apply only to balance sheet accounts. So they should have no impact on a profit and loss statement.
Thanks I will rectify the opening balances matter, however my question wasn’t about opening balances. It was - why are income and expenses not reflecting on the trial balance? I’ve attached screenshots.
Because you have not entered any income or expenditure transactions ?
So far all you have shown is the Trial Balance report.
Please show some transactions you think should appear in this report
It may also help to post a screen shot of the edit screen for the report.
As Vacuumdog suggested implicitly, the dates entered for the Trial Balance report probably do not include any P&L transactions
When a new Trial Balance report is created, the default From and To dates are both the same. So, unless you have transactions on that single date, the report will be blank for the P&L section:
Hey thanks guys for your responses, much appreciated. Tut had the fix, cheers.
The post-closing balance includes only balance sheet accounts. You should not include income statement accounts such as the revenue and operating expense accounts. Other accounts such as tax accounts, interest and donations do not belong on a post-closing trial balance report.
@Lewis-H, your post overlooks the fact that Manager is a perpetual accounting system. As such, there is no “post-closing” status. Further, beyond the ability to exclude zero-balance accounts and set the date range, you cannot control the content of any column in the Trial Balance report.
