Closing the books on an accounting period is a lengthy and complex process. No matter how complex, it needs to start somewhere. For every company, big or small, it starts with a trial balance. This is ...

A trial balance is part of the accounting cycle. If the trial balance is equal, then the accountant or bookkeeper can proceed to the next step of the accounting ...

Businesses use trial balance sheets to calculate the monthly debits and credits posted in their general ledgers. Debits are the money a business spends or loses, while credits are the money a business ...

Many financial systems do a fine job of generating standard reports, but accountants often need more. In those cases, accountants can create custom solutions in Excel, but that approach has drawbacks.

Trial balance and engagement workpaper software solutions are two completely different kinds of applications that must be treated differently. Yet they are increasingly brought together, either as a ...