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Trial Balance Worksheet
Template: Aid for Balancing Your Books
Benefits: Whatever kind of business you run, you have to
close your books at least once a year to prepare an income tax
return — or more frequently, if you want to get a better handle
on how your business is doing. An important part of closing your
books is preparing a trial balance — in other words, a list of
all of your bookkeeping accounts and the balance of each at the
end of the period — to see if your books are still in balance.
If you are already doing this, you know that it is tedious and
time-consuming; if your accountant is doing it, you know that it
is an added expense.
The trial balance spreadsheet contained in the attached file is
designed to save you time and money in preparing the trial
balance yourself. The spreadsheet contains over 80 common
account titles in a trial balance format. Simply plug in your
balance for each account and the spreadsheet will automatically
add up the debits and credits, and tell you if your books are
out of balance (and by how much). Since it is a spreadsheet
template, you can add or delete accounts or otherwise modify it
to suit your needs and preferences. |
| File Description: The file contains a Microsoft Excel
(version 4.0 and above) spreadsheet template. Once you've
downloaded the file, you must copy it to your EXCEL\XLSTART
directory in order to use it. |
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Download
Now:
Trial balance spreadsheet |
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| Special Features:
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Download this spreadsheet template just once, and be able to use
it over and over again. |
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The trial balance spreadsheet is comprehensive — more than 80
items that need to be considered when reconciling your bank
statement are already listed. |
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Customize the spreadsheet to suit your needs, adding or deleting
accounts. |
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The spreadsheet is easy to use. Just plug in your numbers and
the spreadsheet will automatically add up the debits and
credits, and tell you if your books are out of balance (and by
how much). |
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