QuickBooks Trial Balance

Trial Balance

Much accounting is checking your entries to ensure the amounts are accurate. In QuickBooks, check the Trial Balance before viewing other main financial reports. All of the debits must equal the credit.

If they do not, then the Trial Balance report will show the discrepancy. The Trial Balance report shows the accurate trial balance if you do not make adjustments to the journal entries.

The Adjusted Trial Balance report shows the unadjusted balances, adjustments, and adjusted balances for each account if you enter adjusting entries.

Gita Faust

About the Author

Gita Faust has over 30 years of accounting experience in the real estate and property management industry, Gita Faust is more than just a real estate investor; she is also popular for her work as an accountant, consultant, mentor, speaker, QuickBooks Top ProAdvisor, QuickBooks Solution Provider, member of Intuit’s Trainer/Writer Network, and, of course, author. Gita is well-known for her exemplary leadership and advisory skills. In fact, she even helped pioneer the adaptation of QuickBooks to suit the needs of professionals in real estate and property management. To share her knowledge she has written a series of courses titled Simplified Accounting Solution, which provides step-by-step guidance for those working with QuickBooks.

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