The power of the double-entry accounting method centers around its self-checking nature, leading toward confidence that financial records of a business are complete and accurate. The trial balance is ...

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 ...

At the end of each reporting period, accountants and bookkeepers verify the records of a business' transactions -- its debits and credits -- for that period. Once this is complete, this ledger is ...