What is adjusted trial balance in SAP SRD-FIN-GL - FIN-General Ledger?

SAP Term: adjusted trial balance

• Component: SRD-FIN-GL

• Component Name: FIN-General Ledger

• Description: A recapitulatory overview about the trend of the figures in double- entry accounting for the entire accounting period. Changes within the accounting period are presented for the whole period from the opening balance to the final balance sheet instead of for particular points in time.

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• Key Concepts: 
  An adjusted trial balance is a financial statement that lists the ending balances of all general ledger accounts after adjusting entries have been made. It is used to ensure that the total of all debits equals the total of all credits, and that the accounting equation is in balance. 
  
  How to use it: 
  Adjusted trial balances are typically prepared after the adjusting entries have been made and posted to the general ledger. The adjusted trial balance will include all accounts that have a non-zero balance, including both real and nominal accounts. The adjusted trial balance can then be used to prepare financial statements such as the income statement and balance sheet. 
  
  Tips & Tricks: 
  When preparing an adjusted trial balance, it is important to double-check that all adjusting entries have been made and posted correctly. Additionally, it is important to ensure that all accounts with a non-zero balance are included in the adjusted trial balance. 
  
  Related Information: 
  The adjusted trial balance is part of the SAP ERP system's Financial Accounting (FI) module, which is part of the SRD-FIN-GL FIN-General Ledger component. The FI module also includes features such as account receivable and payable management, asset accounting, and cost accounting.