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Custom Trial Balance Report - Opening Balances and YTD Activity
Hi. We need to export a customized trial balance that follows a prescribed format. Opening Balance as of Current Year | Postings in Current Period | Postings YTD | Current Balance.
Assume standard calendar year
For Opening Balance as of Current Year:
We're using Trial Balance: Amount > Last Fiscal Period for the Opening Balance of current year. It pulls the aggregated, Life-to-Date account balance as of the end of December. For P&L accounts, we want to start these as of Jan 1 as $0.00; i.e. not the 'true' balance of the account, because we understand the consolidation to retained earnings is not journalized activity, but the 'conceptual' balance, had the expense been flushed to income summary and reset for the current year.
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