---
title: What Is the Trial Balance Report?
description: Use the Trial Balance report under Financials > Reports to check every account's debit or credit balance as of a chosen date.
---
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# What Is the Trial Balance Report?
The Trial Balance is one of three reports under Financials \> Reports (alongside Balance Sheet and Income Statement). It lists every account in the Chart of Accounts with its current debit or credit balance as of a chosen date — a first sanity check that the ledger is internally consistent.
##### **When Would You Use This?**
- Before closing a month/year, confirm every account still balances before pulling Balance Sheet/Income Statement.
- A board member or auditor wants a full list of account balances.
- Trace a Balance Sheet discrepancy back to the specific account.
##### **How to Get There**
1. Go to `Financials > Reports`. The Trial Balance tab opens first.
2. If on a different tab, click `Trial Balance` to return. The line under the tabs describes the report: "Every ledger account and its balance as of a date — used to confirm the books' balance."
##### **Reading the Report**
Each row is one account from the Chart of Accounts, grouped by account type (Assets, Income, Expenses, etc.). Every account shows a balance in either Debit or Credit column, never both. A Totals row sums Debit and Credit columns — in a balanced ledger, these match.
- Acct No. / Account Description — account number and name.
- Debit — balance for accounts that normally carry a debit balance (assets, expenses).
- Credit — balance for accounts that normally carry a credit balance (income/revenue).
- Totals — sum of Debit column and sum of Credit column; should always be equal.
##### **Setting the Date**
Use the "As of date" field to see balances as of any day. Changing the date recalculates every account balance for that point in time. If there is no activity as of the date you choose, the report shows "No activity for the selected date." with totals of $0.00.
##### **Good to Know**
- Only accounts with a nonzero balance as of the chosen date appear.
- This report is read-only. If something looks wrong, correct it at the source (a manual GL entry under Financials \> Manual GL Entries, an invoice, or an expense).
***Note:*** The Balance Sheet and Income Statement are built from the same underlying ledger as the Trial Balance, so if the Trial Balance doesn't balance for a given date, the other two reports for that same date won't be reliable either. For all three reports, see [How Do I View Financial Reports](https://help.hoastart.app/how-do-i-view-financial-reports?hsLang=en).
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