Skip to Main Content
Accounting All-in-One For Dummies, with Online Practice, 2nd Edition
book

Accounting All-in-One For Dummies, with Online Practice, 2nd Edition

by Joseph Kraynak
April 2018
Beginner content levelBeginner
768 pages
20h 9m
English
For Dummies
Content preview from Accounting All-in-One For Dummies, with Online Practice, 2nd Edition

Chapter 5

Checking Your Accuracy

IN THIS CHAPTER

check Checking your math with a trial balance

check Finding and correcting errors

check Preparing a worksheet

check Generating reports from your computerized system

After you close all your journals and do your best to catch any and all errors (flip to Chapter 4 for instructions on how to do this), the time comes to test your work. If you’ve entered all double-entry transactions into the books correctly, the books balance out, and your trial’s a success!

Unfortunately, few bookkeepers get their books to balance on the first try. And in some cases, the books balance, but errors still exist. This chapter explains how you do a trial balance of your books and gives tips on finding any errors that may be lurking. You also find out how to take your first step toward developing financial reports (see Books 4 and 5) by creating a worksheet.

Working with a Trial Balance

When you first start entering transactions in a dual-entry accounting system, you may think, “This is a lot of work, and I don’t know how I’m ever going to use all this information.” You enter all ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Accounting All-in-One For Dummies

Accounting All-in-One For Dummies

Ken Boyd, Lita Epstein, Mark P. Holtzman, Frimette Kass-shraibman, Maire Loughran, Vijay S. Sampath, John A. Tracy, Tage C. Tracy, Jill Gilbert Welytok

Publisher Resources

ISBN: 9781119453895Purchase book