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Old 12-11-2008, 05:22 PM
kyleknapp's Avatar
kyleknapp kyleknapp is offline
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Join Date: Jul 2002
Location: Omaha, NE
Posts: 29
Post-closing Trial Balance

Is there a way to print a Post-Closing Trial Balance? I've closed my fiscal year, but when I print a trial balance as of the last day, it still shows expenses and income. I've tried filtering for "Balance Sheet Accounts only", but that doesn't work (retained earnings does not reflect the years net profit/loss).

I think I can get the result I want by reporting as of the 1st day of the new year, but ONLY if there are NO transactions on that date. I'd think this would be a commonly-wanted report (or have accounting procedures changed so much since I studied them 30 years ago), but if QB offers it, I can't find it.

I'm using QB Premier Accountant Edition 2007

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Old 12-11-2008, 05:44 PM
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lisa_mn lisa_mn is offline
Join Date: Nov 2003
Location: Minneapolis
Posts: 3,870
No, it's not available since you don't have to actually close to RE, QB just does it automatically based on the report date. So you have found one workaround - run it for Jan 1, but that won't work if you have any reversing accruals which will be dated Jan 1.

Another option would be to run it for just the balance sheet accounts, send it to Excel and edit retained earnings there.
Lisa Peterson
Streamline Consulting, Inc.
Making Accounting Work For You
Minneapolis, MN

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