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Trial Balance Basic
Who uses Basic YTD Trial Balance Reports and What are Some Key Analytical Features? In today’s fast-paced business environment, Corporate Controllers are under high pressure to supply end users like accounting staff and reporting managers with timely and concise Control Reports. Companies use key features like the ones below to support their users with effective analysis that helps drive data and reporting accuracy:
- Dynamic (automatically includes new GL accounts) listing of all active GL accounts down the rows with a control total
- Summary by account type
- Automated balance check to ensure that the trial balance total is zero
A Brief Description of the Basic YTD Trial Balance Report Template Control Reports like the one seen in the image above are interactive and parameter driven and typically contain sections with year-to-date (YTD) balances by GL account and control totals. One of the important features that aid the user in the analysis process is the ability to easily ensure that both the current month and YTD data from the GL is in balance. Basic YTD Trial Balance Reports are often used in conjunction with consolidated as well as monthly trial balance reports, profit & loss, balance sheet and cash flow statements.
Data Integration to Transaction Systems Most organizations these days want automated and streamlined planning, reporting and analysis. However, many of the benefits described earlier rely on best of breed extended financial planning and analysis (xFP&A) tools and/or Business Intelligence (BI) capabilities as well as data marts or data warehouses that use pre-built integrations to the organization’s ERP system. Oftentimes, they also need integrations to other key data sources like CRM, subscription systems, payroll tools, etc. Modern, cloud-based ERPs like Microsoft Dynamics 365 Finance (D365 Finance), Microsoft Dynamics 365 Business Central (D365 BC), Sage Intacct, Acumatica, Netsuite and SAP have robust APIs which allow for dynamic integrations to xFP&A and BI tools that are fully automated and flexible to run on a schedule or on-demand.
This Solver report template connects directly to your ERP data via the Solver Data Warehouse, enabling near real-time analysis with minimal setup. Designed for QuickStart deployment, it can be activated rapidly so your team can focus on analysis and decisions — not data preparation.
What is the Trial Balance Basic in Solver? The Trial Balance Basic is a pre-built xFP&A report template in Solver that delivers key financial and operational metrics in a single, easy-to-use interface, eliminating the need for manual data work or custom report development.
Who uses this Solver report template? Cfos, fp&a managers, and controllers rely on this Solver report template for consistent, parameter-driven reporting that can be run on demand or on a scheduled basis. It eliminates the manual work typically required to produce this type of analysis.
Where does the data come from? Data is sourced automatically from your ERP system through the Solver Data Warehouse, which integrates with platforms such as Microsoft Dynamics 365 Business Central, Dynamics 365 Finance, Acumatica, Sage Intacct, and other leading ERP solutions. Once connected, the template updates in near real-time with no manual data entry required.