The trial balance is a report of every ledger account with a running balance for the time period selected. When transactions post to the ledger properly, your debit balances equal the credit ...

Familiarize with your balance sheet accounts. Many businesses reconcile all balance sheet G/L accounts, such as cash, investments, fixed assets, accounts payable, receivable and inventories on a ...

Balance Sheet vs. Profit and Loss Statement: An Overview . ... The trial balance provides financial information at the account level, such as general ledger accounts, and is, therefore, ...