Intro&Directions

TRIAL BALANCE WORKSHEET

Company's name
Year End

Definition
The trial balance is a report listing the ending debit and credit balances in all
accounts at the end of a reporting period. The trial balance has three uses:
1. Debits equal credits. The total of all debits should equal the total of all
credits, resulting a report balance of zero.
2. Worksheet. Depending on the report format, the trial balance can be used
as a worksheet for planning adjusting entries.
3. Source of financial statements. The information on the report can be
aggregated to create the financial statements, though accounting software
handles this task automatically.

How to use this tool

This is intended to be a simple and practical tool to be adjusted and used by
SMEs working in all sectors. You may adapt it to reflect your business needs,
type of clientele, products and services you offer.
Fill in the white cells, totals will be calculated automatically

Page 1

TRIAL BALANCE WORKSHEET

Company's name
Year End
Account Name
Cash at hand
Cash in checking / current account
Cash in savings account
Accounts receivable
Provisions
Stock
Prepaid insurance
Prepaid other expenses
Office supplies
Utility deposits
Notes receivable
Investments
Organizational costs
Vehicles
Accumulated depreciation - vehicles
Furniture and fixtures
Accumulated depreciation - furniture and
fixtures
Equipment
Accumulated depreciation - equipment
Buildings
Accumulated depreciation - buildings
Land
Goodwill

Beginning
Balance

Type
Cash account
Cash account
Cash account
Account receivables
Current assets
Stock
Current assets
Current assets
Other operational expenses
Current assets
Current assets
Current assets
Other operational expenses
Fixed assets
Fixed assets
Fixed assets
Fixed assets
Fixed assets
Fixed assets
Fixed assets
Fixed assets
Fixed assets
Other assets

Ending
Balance

Activity Period
Debit
0.00
0.00
0.00
0.00

Credit

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

Page 2

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

TRIAL BALANCE WORKSHEET

Company's name
Year End
Other intangible assets
Accumulated amortization - intangible
assets
Accounts payable
Sales tax payable
Withholding taxes payable
Unemployment taxes payable
Accrued wages
Unearned revenue
Accrued income taxes
Bank overdraft payable
Short-term bank loan payable
Long-term bank loan payable
Mortagage payable
Short-term notes payable
Long-term notes payable
Owner's equity
Common stock
Additional paid-in capital
Preferred stock
Retained earnings
Sales
Sales returns and allowances
Discount received
Investment income
Rental income
Interest received

Other assets

0.00

Other assets
Accounts payable
Current liabilities
Current liabilities
Current liabilities
Current liabilities
Current liabilities
Current liabilities
Current liabilities
Current liabilities
Long term liabilities
Long term liabilities
Current liabilities
Long term liabilities
Capital
Capital
Capital
Capital
Capital
Sales
Sales
Other income
Other income
Other income
Other income
Page 3

0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

TRIAL BALANCE WORKSHEET

Company's name
Year End
Commission received
Gain (loss) on sale of assets
Purchases
Freight / Transport
Purchase returns and allowances
Cost of goods sold - materials
Cost of goods sold - labor
Cost of goods sold - direct expenses
Cost of goods sold - indirect expenses
Advertising
Amortization
Bad debt expense
Bank charges
Commissions expense
Contract labor
Delivery expense
Depreciation
Dues and subscriptions
Entertainment
Insurance
Interest expense
Maintenance
Miscellaneous
Office expense
Operating supplies
Payroll taxes
Permits and licenses

Other income
Cost of good sold
Cost of good sold
Other operational expenses
Cost of good sold
Cost of good sold
Cost of good sold
Cost of good sold
Cost of good sold
Other operational expenses
Other operational expenses
Financal expenses
Financal expenses
Financal expenses
Other operational expenses
Other operational expenses
Financal expenses
Other operational expenses
Other operational expenses
Other operational expenses
Financal expenses
Other operational expenses
Other operational expenses
Other operational expenses
Other operational expenses
Personnel expenses
Other operational expenses
Page 4

0.00
0.00
0.00

0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

TRIAL BALANCE WORKSHEET

Company's name
Year End
Postage
Professional fees
Property taxes
Rent
Repairs
Telephone
Travel
Utilities
Vehicle expenses
Wages
Income taxes

Other operational expenses

Personnel expenses
Other operational expenses
Other operational expenses
Other operational expenses
Other operational expenses
Other operational expenses
Other operational expenses
Other operational expenses
Other operational expenses
Other operational expenses
Totals

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

Difference

0.00

0.00
0.00

Page 5

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00