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 ...

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 ...

The general ledger is a central location for recording all of the financial activity for your business. Accurate ledger activity is essential to ensuring that the financial statements for each period ...