Closing the books on an accounting period is a lengthy and complex process. No matter how complex, it needs to start somewhere. For every company, big or small, it starts with a trial balance. This is ...

A trial balance is part of the accounting cycle. If the trial balance is equal, then the accountant or bookkeeper can proceed to the next step of the accounting ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

When you reach the end of a fiscal quarter, month or year, the numbers recorded in your ledgers are your company's unadjusted trial balance. These figures will become the basis for your financial ...