Run a trial balance report or a balance sheet report to make sure your general ledger is in balance. Out-of-balance situations happen when out-of-balance journal entries are posted by mistake or ...

The general ... ledger activity is essential to ensuring that the financial statements for each period are correct before filing statements with the Internal Revenue Service. A trial balance ...

A general ledger acts as a record ... that the books are balanced is to create a trial balance. This means listing all the accounts in the ledger and the balances of each debit and credit.