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 ...

You make adjusting entries in your accounting records at the end of an accounting period to account for revenues and expenses that you have earned or incurred but not yet recorded. Adjusting entries ...

At the end of each accounting period, a business makes adjustments to certain accounts to update its records before preparing its financial statements. An unadjusted trial balance is a chart that ...