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 ...

Trial balance software is very much a niche product. That’s really saying something, considering that the accounting market is itself a niche market to start out with. As a class of software, trial ...

In a double entry accounting system, accounts are entered in either a debit or credit column. Accounts are debited to show an increase in an asset, expenses and receivables. Accounts are credited to ...

Balance-sheet balances carry over from one period to the next. So the ending cash balance from last year will become the beginning cash balance this year. Throughout the year, transactions will ...