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Trial balance with cost centers

Hi all,

I have below scenario:

Fiscal Year = Jan to Dec

Year end closing is performed for FY 2014 that is ended on 31/12/2014

Transactions involved cost centers A, B and C

Wanted to print Trial Balance for Cost centers A and B only, exclude cost center C for period Jan 2015 to Dec 2015 (year end closing is not perform yet for 2015)

Actual

When print Trial balance without cost centers and check on ' Add Closing Balances', there will be no opening balances reflected in TB for P&L accounts, which is correct.

But if i select cost centers from A to B, then it will reflect the Opening balances from FY 2014. This will cause the Balance column amount not tally with P&L report for the same period with cost centers A and B.

Anyway can produce the TB with cost centers without OB and it can tally with P&L report with cost centers? Thanks in advance.

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1 Answer

  • author's profile photo Former Member
    Former Member
    Posted on Jan 12, 2016 at 01:29 AM

    Hi Too Mui Hwee

    You must untick Opening Balance and Closing Balance. This will only show movements for the selected period.

    Let me know if this is not what you are trying to achieve.

    Kind regards

    Peter Juby

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