What’s left are the accounts that get reported on the balance sheet and their non-zero balances, which is called a post-closing trial balance. The Trial Balance is an internal accounting schedule or working paper. The terms Trial Balance and Balance Sheet are often confused, particularly by beginners, due to their similar-sounding names and reliance on […]
Bookkeeping
If you’re unsure whether you need to make estimated payments, IRS Publication 505 includes worksheets that can help you estimate your tax liability for the year. Paying your estimated quarterly taxes is a straightforward process. Don’t worry, though — there are some easy steps you can take to ensure you don’t miss payments and that […]