Anciens Huang / Getty Images The balance sheet and the ... and lenders. The trial balance provides financial information at the account level, such as general ledger accounts, and is, therefore ...

Investopedia / Ellen Lindner A chart of accounts (COA) is an index of all of the financial accounts in a company's general ledger ... That means that balance sheet accounts are listed first ...

After all transactions are logged in the general ledger, the next step is to make sure the entries balance out, meaning total debits equal total credits. This is done by building a trial balance.