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 ...

The trial balance is an internal control that accountants produce to check the arithmetical accuracy of the general ledger. Under the double-entry accounting system, every transaction involves at ...

A trial balance is a listing of a company's accounts and balances. This report may not be the most exciting output of a small business accounting system, but it gives the user a full glimpse of the ...

At the end of each reporting period, accountants and bookkeepers verify the records of a business' transactions -- its debits and credits -- for that period. Once this is complete, this ledger is ...