Advice 1: How to verify trial balance

Trial balance of the company is a summary table, compiled on the basis of accounts and confirming the fact of performing economic activities. This document is very important for organizations, since the error in it can lead to confusion in calculations, wrong operations, the imposition of penalties by regulatory bodies that ultimately leads to a loss. Thus, it is necessary to carefully check the trial balance for accuracy and documentation.
How to verify trial balance
Instruction
1
Start with checking the basic rules of drawing up trial balance. The results of the balances and turnovers of credit and debit must match, be accurate and valid as at the reporting as a whole and for each account and sub-accounts separately.
2
Note that at the beginning of the year balance for all accounts must meet the indicators of the trial balance at the end of last year.
3
Eliminate the formation of negative or credit value on balance on active accounts and property, as well as the formation of a negative or debit values on a balance of passive accounts. To balance accounts 90,91 and 99 balance must not exist at the beginning and end of the reporting code.
4
Confirm inventory balance at the end of the reporting pod on the accounts of assets and liabilities on property, settlements, obligations, counterparties and so on.
5
Check the consistency and compliance of the balance and turnover of interrelated accounts. For example, calculate which will confirm that the account turnover 90.3 "VAT" corresponds to the turnover on account of 90.1 Revenue. This can be determined by multiplying the count rate of 90.1 on the appropriate rate of VAT. In the end, to get a value of 90.3 account. Spend the same supporting calculations for other interrelated accounts.
6
Refer to p. 34 PBU 4/99, which stated that it was impossible to offset in the financial statements between articles of assets and liabilities, losses and profits, except when it is written in the corresponding provision in accounting. On the basis of this rule, the balance on liabilities in the statement should say "deployed", i.e., without summation. In other words, the existing debit balance is reflected in the corresponding asset item of the balance and the credit article liability. To reflect the net amount in that case, if the organization has deferred tax assets and liabilities, which are accounted for when determining profit tax.

Advice 2: How to make working capital balance sheet

Trial balance is usually to summarize, a proper validation of the digital values of accounts and to create a new balance. The use of this document in financial and economic analysis of the process is the first step to automation of analysis, which is based on data from management accounting.
How to make working capital balance sheet
Instruction
1
Create a sign accounts and make it all amounts with respect to completed operations. For each account complete all information on the balances on debit and credit processes at the beginning and end of a certain period.
2
Number for account numbers in the first column of the table, arranged vertically. In the second column shall describe the name of each account: fixed assets, goods, investments made in fixed assets, costs of sale, settlement account, cash, accounts payable, payroll and employees for salary, sales and result.
3
Fill in the third column of the table for the debit and credit balances at the beginning of the month. That is, divide the third column into two parts. One part will contain the billing information for the loan, and the second debit.
4
Complete 5 and 6-column table. Specify the data speed for the month, made according to the debit and credit. In turn, in the 7th and 8th columns of the table make the data available on the balance at the end of the month. In this case also enter information separately for debit and credit transactions.
5
Calculate the turnover and output balance (remains) at the end of the reporting period. When this check: in the "Balances at beginning of month and stocks at the end of the month" on the debit and credit should get the same amount.
6
After filling in the trial balance tally the totals of each column. View, properly composed and calculated trial balance should be pairwise equality of outcomes columns. Thus should be equal to the following values: the loan amount in "Speed month" sales amount "the Balance at the end of the month" on the loan in the same column. Also in the column "Speed month" in the column "Investments in non-current assets" numeric values to the credit and the debit should also be equal.

Advice 3: How to display trial balance

Trial balance (salt) is widely used by accountants for accounting. This document is a journal case and allows a summary to cover each account, by showing aggregated information for a desired period.
How to display trial balance
You will need
  • program 1C;
  • printer.
Instruction
1
OSV opportunities are quite broad and allow you to compile the analysis for the required parameters (subkonto). The sheet can be formed at each account separately or shared across the organization. At OSV you can easily determine the correctness of the posting operations prior to the preparation of the final balance. In order to bring the trial balance in the accounting program 1C, you will need to run the program by double-clicking on the icon 1S. Next, follow the instructions, you may have to enter a password or just click OK.
2
Close all pop-UPS in 1C. Whenever you update the configuration automatically appear. They need to close by clicking the x in the upper right corner, as sometimes they interfere with the program to fully upload.
3
Need a team download the report "salt": select the tab "Reports" - > "trial balance account" - in case you need a set for a specific account BU; the tab "Reports" - > "trial balance" - in case you need a common salt for all accounts BU. 1C 8 version tab, this report can also be found on your desktop.
4
You need to configure salt. In the first pop up window the program will prompt you to set the report parameters. The options are: date (period); the account number of BU (in the formation of the OCO account); subkonto (here you can choose the counterparty the right material, or specific agreement, that is, any desired range).
5
After setting all necessary settings, click "OK" or "Generate report". The program displays the form of a salt, according to the specified parameters. The report can be printed.
Note
The total momentum by the total salt should always converge the debit and the credit.

The program generates report on the basis of primary documents and correctness of their registration depends on the data reflected in the OSV.

At WWS you can check the formation of a particular transaction, making the viewing OSV immediately after posting.
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