A trial balance is a list of a company's accounts and their balances at a specific point in time. It is a tool that is used to check the arithmetical accuracy of a company's accounting records. A trial balance is typically prepared at the end of an accounting period, such as a month, quarter, or year. It includes all of the accounts in the company's chart of accounts, such as asset accounts, liability accounts, equity accounts, revenue accounts, and expense accounts.
What is Finanshels?Setting up a good small-business bookkeeping system can be an involved process, especially if you’re not an experienced bookkeeper. Rather than spending enormous time and effort on getting your books up and running, consider turning to Finanshels for help. We’ll set up your bookkeeping system to ensure that your business is starting off right – and we’ll save you a huge amount of stress.Want someone to help you organize your bookkeeping system? Try Finanshels