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

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TRIAL BALANCE WORKSHEET
Company's name
Year End
Beginning Ending
Account Name Type Activity Period
Balance Balance
Debit Credit
Cash at hand Cash account 0.00 0.00
Cash in checking / current account Cash account 0.00 0.00
Cash in savings account Cash account 0.00 0.00
Accounts receivable Account receivables 0.00 0.00
Provisions Current assets 0.00 0.00
Stock Stock 0.00 0.00
Prepaid insurance Current assets 0.00 0.00
Prepaid other expenses Current assets 0.00 0.00
Office supplies Other operational expenses 0.00 0.00
Utility deposits Current assets 0.00 0.00
Notes receivable Current assets 0.00 0.00
Investments Current assets 0.00 0.00
Organizational costs Other operational expenses 0.00 0.00
Vehicles Fixed assets 0.00 0.00
Accumulated depreciation - vehicles Fixed assets 0.00 0.00
Furniture and fixtures Fixed assets 0.00 0.00
Accumulated depreciation - furniture and
fixtures Fixed assets 0.00 0.00
Equipment Fixed assets 0.00 0.00
Accumulated depreciation - equipment Fixed assets 0.00 0.00
Buildings Fixed assets 0.00 0.00
Accumulated depreciation - buildings Fixed assets 0.00 0.00
Land Fixed assets 0.00 0.00
Goodwill Other assets 0.00 0.00

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TRIAL BALANCE WORKSHEET
Company's name
Year End
Other intangible assets Other assets 0.00 0.00
Accumulated amortization - intangible
assets Other assets 0.00
Accounts payable Accounts payable 0.00 0.00
Sales tax payable Current liabilities 0.00 0.00
Withholding taxes payable Current liabilities 0.00 0.00
Unemployment taxes payable Current liabilities 0.00 0.00
Accrued wages Current liabilities 0.00 0.00
Unearned revenue Current liabilities 0.00 0.00
Accrued income taxes Current liabilities 0.00 0.00
Bank overdraft payable Current liabilities 0.00 0.00
Short-term bank loan payable Current liabilities 0.00
Long-term bank loan payable Long term liabilities 0.00
Mortagage payable Long term liabilities 0.00
Short-term notes payable Current liabilities 0.00 0.00
Long-term notes payable Long term liabilities 0.00
Owner's equity Capital 0.00 0.00
Common stock Capital 0.00 0.00
Additional paid-in capital Capital 0.00 0.00
Preferred stock Capital 0.00 0.00
Retained earnings Capital 0.00 0.00
Sales Sales 0.00 0.00
Sales returns and allowances Sales 0.00 0.00
Discount received Other income 0.00 0.00
Investment income Other income 0.00 0.00
Rental income Other income 0.00 0.00
Interest received Other income 0.00 0.00

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TRIAL BALANCE WORKSHEET
Company's name
Year End
Commission received Other income 0.00 0.00
Gain (loss) on sale of assets Cost of good sold 0.00 0.00 0.00
Purchases Cost of good sold 0.00 0.00
Freight / Transport Other operational expenses 0.00 0.00
Purchase returns and allowances Cost of good sold 0.00 0.00
Cost of goods sold - materials Cost of good sold 0.00 0.00
Cost of goods sold - labor Cost of good sold 0.00 0.00
Cost of goods sold - direct expenses Cost of good sold 0.00 0.00
Cost of goods sold - indirect expenses Cost of good sold 0.00 0.00
Advertising Other operational expenses 0.00 0.00
Amortization Other operational expenses 0.00 0.00
Bad debt expense Financal expenses 0.00 0.00
Bank charges Financal expenses 0.00 0.00
Commissions expense Financal expenses 0.00 0.00
Contract labor Other operational expenses 0.00 0.00
Delivery expense Other operational expenses 0.00 0.00
Depreciation Financal expenses 0.00 0.00
Dues and subscriptions Other operational expenses 0.00 0.00
Entertainment Other operational expenses 0.00 0.00
Insurance Other operational expenses 0.00 0.00
Interest expense Financal expenses 0.00 0.00
Maintenance Other operational expenses 0.00 0.00
Miscellaneous Other operational expenses 0.00 0.00
Office expense Other operational expenses 0.00 0.00
Operating supplies Other operational expenses 0.00 0.00
Payroll taxes Personnel expenses 0.00 0.00
Permits and licenses Other operational expenses 0.00 0.00

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TRIAL BALANCE WORKSHEET
Company's name
Year End
Postage Other operational expenses 0.00 0.00
Professional fees Personnel expenses 0.00 0.00 0.00
Property taxes Other operational expenses 0.00 0.00
Rent Other operational expenses 0.00 0.00
Repairs Other operational expenses 0.00 0.00
Telephone Other operational expenses 0.00 0.00
Travel Other operational expenses 0.00 0.00
Utilities Other operational expenses 0.00 0.00
Vehicle expenses Other operational expenses 0.00 0.00
Wages Other operational expenses 0.00 0.00
Income taxes Other operational expenses 0.00 0.00

Totals 0.00 0.00

Difference 0.00

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