Ideas for the Mambu Banking Engine

Additional Trial Balance columns

What

Add 2 additional columns to the Trial Balance report, to reflect opening and closing balances. 

The TB should have the following columns: 

  • Opening Balance - the balance of the account as of the START_DATE specified
  • Debit - as is, no change required (= sum of Debit amounts posted on the account in the reporting period) 
  • Credit- as is, no change required (= sum of Credit amounts posted on the account in the reporting period) 
  • Closing balance - the balance of the account as of the END_DATE specified

Why

This is the standard format of the Trial Balance used by man organizations, since it is the only way to ensure completeness of the information in GL Accounts; this is also the format required by auditors and regulators. There is risk of mis-reporting this information if the balances need to be generated in separate reports and put together manually.

  • Rodica Levitchi
  • Jul 24 2015
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