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 create a balance sheet

Currently, the investment management process, as well as its continued provision of information, implies the existence of unique statistical and accounting reports that may appear in the form faucetry information or operating data of the company.
How to create a balance sheet
Instruction
1
In various companies the utilization of information resources required for management reporting is quite diverse. But the main trend in recent years is the use of special data financial statements and elaboration in connection with, necessary management decisions.
This basic form for any of the accounting reporting and accounting is called the balanceof om. A clear presentation on the overall financial position of the company give the columns and rows in the report that show the state of finances in the firm for a certain period of time. In order to create a balance sheet, it is necessary to summarize all the data in this time period reflect the economic reality of a particular company or company and also they give you a specific forecast for the future.
2
Basically, the preparation of the balance sheet consists of two main parts: report of assets and liabilities. In order to make a correct balance sheet assets, you need to properly group all of the economic means of the organization by the types and rules of their placement, and to determine the location of these funds by funding source in projects and a shared purpose.
3
On the liabilities side of the accounting balance reflects the property that in a given time belongs to the organization. This includes the company's fixed assets, various intangible assets, the reserves in case of crisis, cash for receivables, the basic monetary units, and so on.
4
In a report on the assets is recorded unique information about the main sources of these funds, that is receiving equity, attracted investment funds and various external commitments of the organization. In General, the results for all assets and liabilities in the balance sheet should fully converge.
5
In addition, create a balance sheet on the basis of the plan, which will be clearly reflected the most complete and reliable information on assets and liabilities of the organization. So you need to check all business transactions of the company during the reporting period and then reflect them in the report.

Advice 3 : How to fill in the trial balance

Trial balance is created to make it easy to control accounts. On the basis of trial balance output balance sheet. Therefore, the correct and accurate completion of this document is necessary.
How to fill in the trial balance
Instruction
1
In the trial balance contains information on the balances at the beginning and at the end of the period for each account, and the turnovers on the debit and the credit in this period. It should be filled out after you make all the transactions for each account, write off the cost, accrued depreciation, output all types of income.
2
Compiled this accounting document on the basis of the checkerboard. Suppose that some accounts had balances at beginning of the period. In the columns of "Balance at the beginning of the period and Balance at end of period" should only be one amount, either debit or credit. Active accounts must have balances on the debit side, passive on the loan.
3
All the momentum for the month (represent the amount of transactions and credit and debit) are recorded in the appropriate column. They can be credit and debit.
4
At the end of filling of the statement we need to calculate the totals in each column. To check the correctness of the trial balance just. The rule must be pairwise equality totals of all columns: debit initial credit balance equals the opening balance, the debit turnover for the period the credit is equal to the momentum of the final debit balance equal to the ending credit balance.
5
This document can usually be of synthetic accounts, but it is quite possible the preparation of detailed statements on the analytical accounts. The end result of a specific analytical group must be equal to the figure entered in the working capital statement in a cell in this synthetic account.
6
After a full check trial balance data should be transferred to the balance sheet.
7
Of course, now most businesses are computer programs, which greatly facilitate the bookkeeping, but the ability to manually fill in the trial balance will help to see the full picture of movement of funds.

Advice 4 : How to complete a balance sheet from trial balance

Trial balance is very important and one of the primary accounting documents, which contain the residues at the beginning and end of the period, and in addition, the turnover on the debit and the credit for certain period for each separate account and subaccount. Thus from the trial balance the balance sheet is drawn up other: balance sheet by calculating the balance on the account.
How to complete a balance sheet from trial balance
Instruction
1
Trial balance or balance list should be prepared at the end of the month on the basis of data available for each synthetic account: balances (balances) at the beginning and at the end of the month, the momentum for the month.
2
In statement, record all your company uses a synthetic account. Each individual account take a separate line in which indicate the opening and closing balances, debit activity, and credit. If the account has not been made any movements during the reporting period, then specify only the initial and final balances (Saldo). To check correctly if was drawn up a trial balance, you should know some rules.
3
Summary of debit of initial values and the balances on the accounts in any case must be equal with the total of credit starting balances.
4
Total debit turnover over a given period should be equal to the total credit turnover.
5
Summary of the final credit balance shall be equal to the total debit ending balance.
6
The formation of trial balance is based on the use of double-entry which allows accounting to control the accuracy of the reflection of many business operations. Because each amount is reflected on the debit one account and credit another account, the total turnover on the debit of all accounts should equal the result of the revs on loan by all accounts. If this equality is not, it means that is made in the notes on the accounts, mistakes were made that must be found and corrected.
7
Thus, double entry represents one of the methods to ensure the permanent balance of generalization all of the indicators which reflect the turnover of assets of the company, interlocking with the sources of their formation.

Advice 5 : 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 6 : 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 7 : 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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