R09473 - (DEU, FRA, ITA, USA) Debit/Credit T/B by Object

Use the Debit/Credit T/B by Object report to verify the accuracy of transactions in individual account ledgers. When all of the transactions are accurate, the totals for this report equal the totals in the general ledger reports and the G/L Registration report.

Businesses often print the Debit/Credit T/B by Object report to facilitate internal audits by verifying one or more accounts. Businesses also use this report for external audits, as required by a fiscal authority or auditing firm.

You can print the Debit/Credit T/B by Object report to review the total debit and credit amounts for each account in any given ledger. You can also find errors that cause the general ledger to be out of balance. Possible errors include incorrect entries or missing transactions.

The report shows:

• YTD debit amounts posted to the account in the current year.

• YTD credit amounts posted to the account in the current year.

• YTD total amounts should be the net postings to the account for the current year.

• Current balance of the account.

If you set the Balance and Difference Columns processing option to print the balance and differences, the report provides the current balances from the F0902 table and compares these totals with the YTD transaction information from the F0911 table. If the current balance in the F0902 table is greater than the current balance in the F0911 table, the report shows the difference as a negative amount. If the current balance in the F0902 table is less than the current balance in the F0911 table, the report shows the difference as a positive amount.

You can also total groups of accounts, such as assets, liabilities, year-to-date income, revenues, cost of goods sold, other income, or other expenses, depending on the account ranges that you set up in your AAIs.