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ArticlesAC: Why are there Differences between Income Statement and Trial Balance Reports?

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AC: Why are there Differences between Income Statement and Trial Balance Reports?

Discrepancies between the Income Statement and Trial Balance reports can occur when the reports are run using different date filters. The Income Statement may be run by Period, while the Trial Balance is run by Transaction Date. Aligning the reports to use the same Period filter should resolve the differences. Documents with transaction dates that do not correspond to their posting period can cause these variations.

  • May 23, 2025
  • Knowledge

Title
AC: Why are there Differences between Income Statement and Trial Balance Reports?
URL Name
FFA-Why-are-there-Differences-between-Income-Statement-and-Trial-Balance-Reports

Question
  • Why are there differences between General Ledger Account values on Income Statement and Trial Balance Reports?
  • User has run their Certinia Reporting Income Statement Periodic Report and a Trial Balance Report and the balances do not match for several General Ledger Accounts
Answer
  • The Income Statement is being run by Period. The Trial Balance was being run up to a specific Transaction Date.
  • On changing the Trial Balance to run up to the same Period as specified on the Income Statement Periodic Report, the General Ledger Account values corresponded with the Income Statement Periodic values
  • It is possible to have documents with Transaction Dates that do not correspond to the Period that they fall in (i.e. retrospective or future postings), hence there can be differences depending which Date/Period filter is used.
  • Automated Year Close Process has a defect per the article titled, "Automated Year Close Process Does Not Calculate the Correct Year End Journals"
Additional Notes
Release Version
Professional Services CloudCustomer Success CloudFinancial Management Cloud
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Knowledge:AC: Why are there Differences between Income Statement and Trial Balance Reports?