Step 11 - Compare Reports

Compare the following CAPITAL Office reports to the general ledger trial balance:

When reading the trial balance it is the year-to-date figures that are compared to the CAPITAL Office reports except for Sales, this will be the month-to-date figure.

1. Customer account balance report - the grand total should equal trade debtors

2. Supplier account balance report - the grand total should equal trade creditors

3. Sales report (less tax and miscellaneous ) should equal sales.

4. Special consideration: if you are running a sundry income account through customers then this also will need to be deducted from the sales total on the CAPITAL Office report.

5. Cash books report should equal cash at bank