Trial Balance Report (Q Mac)

Mark USA

The Trial Balance is needed by the accountant to report taxes. For reference: https://www.myaccountingcourse.com/accounting-basics/trial-balance

jacobs

Quicken is personal finance software, not accounting software. In accounting software, there is a general ledger of accounts which includes assets, liabilities, income and expenses; a trial balance report lists each account with the total debit or credit balance for the specified time range.

In Quicken, there is no chart of accounts. There are categories, which are the income and expense accounts from a general ledger, and there are accounts, which are the assets and liabilities from a general ledger. So you need reports with two different criteria to accomplish this in Quicken: a Net Worth report lists the balances of the assets and liabilities, and a Summary report lists the balances of income and expenses.

Any accountant should be able to prepare your taxes with these reports (and possibly a Transactions by Category report if they want to review the transaction detail). And all these reports do exist in Quicken Mac currently.