Land Value is Not Appearing in Trial Balance

If the land value doesn't appear in the trial balance, it relates to the business structure of the company/enterprise, i.e. the asset-owning/trading structure.

For example: In the case of a family discretionary trust structure, where the assets ie. a business, an investment or a property of the family are held by a trustee (usually the parents) on behalf of the trust beneficiaries (their children and any other dependents), the asset and trading operation are separate.  While the trust is not a separate legal entity, it is a separate entity for tax purposes. Therefore, when entering Opening Balances into Cashbook, land values should only be entered, as an Asset, into the Management section, not the Accounting.

Note: opening balances should only have to be entered once when first starting to use Cashbook, as they are maintained automatically by the system thereafter

To Check How the Opening Balances Have Been Entered

• Click Setup
  
• Opening Balances
  
• Assets and Liabilities menu option
  

For example

To Get Land Values to Print on the Trial Balance Report

• Click on 
  
• Reports
  
• Accounting Detail
  
• Trial Balance menu option
  
• Select Management as your Report Basis
• Click Print