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- Help Center
- Lease Accounting
- Lease Accounting Reporting
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Getting Started
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Lease Administration
- Equipment Leases
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Lease Accounting
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Transaction Management
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Broker Deals CRM
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Monthly Release Notes
What is a trial balance?
Describes what a trial balance is and how you can use the trial balance.
A trial balance outlines the sum of debits and credits recorded via Journal Entries for a specified period. This provides a snapshot of the general ledger account balances for any period.
Occupier's trial balance report summarizes all the journal entries and the impact of those entries on all account balances.
One way our customers utilize this report is to support their month end close process, specifically when they are reconciling their lease related balance sheet accounts. After journal entries have been uploaded into the ERP for the respective period, you can compare the balance sheet accounts from your ERP to Occupier to ensure they are the same. If they are not the same, you may need to investigate the discrepancy.
For more information on how to export your Trial Balance report, refer to this article.