Mastering Trial Balance - Keep Your Books Balanced!

Описание: 📊 What Is a Trial Balance — And Why Should You Care?

If your books were a house, the Trial Balance would be your foundation check.
Before you build financial statements, you better make sure the numbers line up.

🧾 Here’s the 40-Second Breakdown:

A Trial Balance is a bookkeeping report showing the debit and credit balances from every general ledger account—at one specific point in time.

✅ If the totals match? You’re balanced.
❌ If they don’t? There’s an error to fix before moving forward.

📉 Why It Matters:

• Detects missing entries and data-entry errors
• Prevents mistakes from reaching your income statement or balance sheet
• Keeps your books audit-ready and clean year-round

💡 Example:
Debits = $10,000
Credits = $9,900
You’ve got a $100 problem—and the Trial Balance caught it before your CPA did.

🎯 Pro Tip:
Don’t just do it at year-end. Review your Trial Balance monthly or quarterly to keep things smooth and stress-free.

✅ Need help tracking discrepancies or cleaning up your books?
Let London’s Accounting help you run the numbers right.

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