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.

A balance transfer can save you money by moving your debt from a high-interest credit card to one with a lower APR. Learn how they work, and find a card that fits your needs. Many or all of the ...

The trial balance provides financial information at the account level, such as general ledger accounts, and is, therefore, more granular. Eventually, the information in the trial balance is used ...

Kelly-Ann Franklin has spent more than two decades in journalism which has helped her build a wide knowledge base of business and personal finance topics. Her goal with editing is to ensure tough ...

Wage garnishment is when a portion of your income or bank balance is legally withheld to settle a debt. Many, or all, of the products featured on this page are from our advertising partners who ...