What is a Trial Balance Year-to-Date (YTD) Trend Report?

Trial balance trend reports are considered useful month end close tools and are often used by controllers and accountants to track changes in account balances for the current year. Some of the key functionality in this type of report is that it displays a balance check on top of the report along with a chart for the top 10 account balances. The first column shows the beginning balance for the year and then it lists each period up to the current month. You find an example of this type of report below.

Purpose of Trial Balance YTD Trend Reports

Companies and organizations use Trial Balance YTD Trend Reports to easily detect potential mistakes and anomalies by monitoring how any account balance change over time. When used as part of good business practices in a Accounting department, a company can improve its month end close process and speed as well as reduce the chances that accounting mistakes happen, like a posting to the wrong account.

Trial Balance YTD Trend Report Example

Here is an example of Trial Balance Monthly YTD Trend Report with Top 10 Chart and balance control.

Trial Balance Year-to-Date Trend Report Example

Trial Balance Year-to-Date Trend Report Example

You can find hundreds of additional examples here

Who Uses This Type of Report?

The typical users of this type of report are: Controllers and Accountants.

Other Reports Often Used in Conjunction with Trial Balance YTD Trend Reports

Progressive Accounting Departments sometimes use several different Trial Balance YTD Trend Reports, along with year-to-date profit & loss and balance sheet financial statements and other management and control tools.

Where Does the Data for Analysis Originate From?

The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Acumatica, Netsuite and others.

In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.

What Tools are Typically used for Reporting, Planning and Dashboards?

Examples of business software used with the data and ERPs mentioned above are:

  • Native ERP report writers and query tools
  • Spreadsheets (for example Microsoft Excel)
  • Corporate Performance Management (CPM) tools (for example Solver)
  • Dashboards (for example Microsoft Power BI and Tableau)

Corporate Performance Management (CPM) Cloud Solutions and More Examples