How to Prepare an Adjusted Trial Balance | GoCardless
文章推薦指數: 80 %
An adjusted trial balance lists the general ledger account balances after any adjustments have been made. These adjustments typically include those for prepaid ... SkiptocontentOpensitenavigationsidebarWhyGoCardless?ForusecaseSubscriptionpaymentsRecurringpaymentsbuiltforsubscriptionsInvoicepaymentsCollectinvoicepaymentsautomaticallyOurcustomersCasestudiesOurcustomerssuccessesCustomersloveusHearfromourcustomersCustomersuccessOurcustomerfirstapproachCustomerHubTrainingresources,documentation,andmoreForenterpriseOverviewReducechurnReduceinternationalbarriersReduceoperationalcostsReducetimetogetpaidReduceconversionriskForsmallbusinessOverviewImproveyourcashflowKeeptrackofpaymentsReducecostsReducefailedpaymentsIncreaseconversionsProductFeaturesRecurringpaymentsIdealforsubscriptionsandinvoicesInstantBankPayIdealforone-offpaymentsInternationalpaymentsCollectfrom30+countriesSuccess+ReducepaymentfailuresVerifiedMandatesStoppaymentfraudIntegrationsAPIintegrationsBuildacustomintegrationPartnerintegrationsConnectto200+partnerappsPartnersAllpartnersGoCardlessforSalesforceBillingGoCardlessforZuoraGoCardlessforXeroPricingResourcesHelp&SupportCustomerHubTrainingresources,documentation,andmoreAPIdocumentationGuidesforintegratorsFAQCommonquestionsansweredNews&resourcesGuidesandeBooksIndustryresearchWebinars,Podcasts&EventsBlogNewsAGuidetoACHPaymentsLoginSignupBreadcrumbResourcesAccountantsHowtoPrepareanAdjustedTrialBalanceTableofcontentsWhatisanadjustedtrialbalance?Whatisthepurposeoftheadjustedtrialbalance?AdjustedtrialbalanceexampleWhatsoftwareisavailabletocreateanadjustedtrialbalance?Whenitcomestorunningabusiness,financeisoneofthemostimportant-andoftendifficult-areastounderstand.Therearemanydifferentinternaldocumentsinvolved,whetheryou’relookingafteryourbookkeepingoperationsinhouseoroutsourcingaprofessionalaccountant.Amongthesedocumentsistheadjustedtrialbalance,anditisusedtosummarizeallofthecurrentbalancesavailableinthegeneralledger.Readontofindoutmore.Whatisanadjustedtrialbalance?Anadjustedtrialbalanceliststhegeneralledgeraccountbalancesafteranyadjustmentshavebeenmade.Theseadjustmentstypicallyincludethoseforprepaidandaccruedexpenses,aswellasnon-cashexpenseslikedepreciation.It’sthatsimple.Preparedattheendofanaccountingperiod-theendofthefinancialyear-theadjustedtrialbalanceisreportedonabusiness’sfinancialstatements,whichprovideusefulinformationaboutprofitsandlosses,cashflowandexpenses.Whatisthepurposeoftheadjustedtrialbalance?Whilethedefinitionofthedocumentisrelativelystraightforward,you’reprobablythinking-whatisthepurposeoftheadjustedtrialbalance?Well,thepurposeofpreparinganadjustedtrialbalanceistoensurethatthefinancialstatementsfortheperiodareaccurateandup-to-date.Itcorrectsanyerrorstomakethestatementscompatiblewiththerequirementsofanapplicableaccountingframework.Youcanusethereporttoanalyzeend-of-periodperformanceanditisoftenappliedwhencreatingclosingentries,whicharejournalentriestotransfertemporaryaccountstopermanentaccounts.AdjustedtrialbalanceexampleTheadjustedtrialbalanceispreparedbyfollowingasimilarformattoothertrialbalances.Itincludesaheadingwiththecompanyname,thetitleofthereportandthedateofthereportingperiodatthetopofthepage.Threecolumnsareused.Thedifferentaccountnamesarelistedontheleft-handside,inthefirstcolumn,andtheirdebitandcreditbalancesarelistedinthesecondandthirdcolumnsrespectively.Theaccountsarelistedinorderof:AssetsLiabilitiesEquityIncomeExpensesAtthebottomofthetable,thedebitandcreditcolumnsaretotaled.Toagreewiththeaccountingequation,theymustbeequal.Ifthetotalsofthetwocolumnsdonotmatcheachother,itmeansthatthereisanerror.Whenyouprepareanadjustedtrialbalance,youcaneither:Posttheadjustingentriesintotheledgeraccountandthenadjustthebalancesaccordingly.Youcanthentaketheadjustedbalancesandlistthemonatrialbalance.Usetheunadjustedtrialbalance,onlyaddingtheadjustingentriestotheaccountsthatareaffectedbytheadjustments.Althoughthismethodisarguablytheeasiest,itcanonlyapplytosmallbusinesseswithfewadjustingentries.Whatsoftwareisavailabletocreateanadjustedtrialbalance?Ensuringtheadjustedtrialbalancereportispresentedinaclear,organizedwaywillmakeiteasierforyouwhenitcomestopreparingyourfinancialstatementsattheendoftheyear.Therearemanytypesofsoftwaretoexplore,whichcanbeusedtoprepareanadjustedtrialbalance.YoucanproduceitusingExCel,AccountEdgePro,QuickBooksDesktopandSage50cloud,tonamejustafewcommonoptions.WecanhelpGoCardlesshelpsyouautomatepaymentcollection,cuttingdownontheamountofadminyourteamneedstodealwithwhenchasinginvoices.FindouthowGoCardlesscanhelpyouwithadhocpaymentsorrecurringpayments.GoCardlessisusedbyover60,000businessesaroundtheworld.Learnmoreabouthowyoucanimprovepaymentprocessingatyourbusinesstoday.LearnmoreSignUpRelatedtopicsAccountantsRecommendedforyou3minread—Enterprise4waysGoCardlesscanimproveyourcustomerretentionDiscoverhowGoCardlesscanhelpyoutokeepmorecustomers.3minread—Enterprise4waysGoCardlesscanimproveyourcustomerretention2minread—BusinessManagementBestGymMembershipManagementSoftware3minread—BusinessManagementTop10MembershipManagementSoftware2minread—AccountantsWhatIsInvoiceProcessing?2minread—InvoicingGuidetoInvoiceManagement2minread—InvoicingGuidetoVideographyInvoicesInterestedinautomatingthewayyougetpaid?GoCardlesscanhelpContactsales
延伸文章資訊
- 1Adjusted trial balance example and explanation
- 2Why Is It Necessary to Complete an Adjusted Trial Balance?
- 3Prepare Financial Statements Using the Adjusted Trial Balance
Once all accounts have balances in the adjusted trial balance columns, add the debits and credits...
- 4How to Prepare an Adjusted Trial Balance for Your Business
An adjusted trial balance is an internal document that summarizes all of the current balances ava...
- 5How to Prepare an Adjusted Trial Balance | GoCardless
An adjusted trial balance lists the general ledger account balances after any adjustments have be...