How to determine the beginning balance

When analyzing the activities of the company economists are faced with such a thing as the beginning balance. In General, the balance is calculated as the difference between the debit and credit accounts. The initial balance is determined on the basis of previous operations.

Instruction

1. To understand how the balance is calculated, consider a simple example. Let's say you went to the store on April 30. Bought products in the amount of 2000 rubles. On the same day you received wages in the amount of 10,000 rubles. The next day, you again went shopping and spent 1000. You need to determine the beginning balance. The figure is done for the remainder of the previous period. Thus, 30 of April you received 10,000 rubles, and spent 2,000 roubles. The cash balance at the end of the day will be equal to 10000 - 2000 = 8000 rubles. This amount will be the beginning balance on may 1.
2. If you need to calculate the balance in the enterprise, form the card account. Suppose you want to calculate the balance of cash in cash Desk of the organization at the beginning of the reporting period. To do this, view the balance on the debit 50 bills and the loan for the previous period. Calculate the difference. The resulting amount will be the beginning balance.
3. If you are using automated programs, you just need to view the account information. Let's say you want to learn the opening balance on may 1, 2012. Form card, putting the period from 01 may. The correct value will be shown in the top row. You can also view it by selecting the period to 30 April 2012, in this case the remainder will be listed at the end.
4. If you want to calculate the beginning balance manually pick up all the necessary documents. Suppose you need to calculate the accounts payable. To do this, prepare for the previous period all invoices from contractors, statements of current accounts and account cash warrants. On a sheet of paper, write "Debit" and "Credit". All that you give – put on the loan; all that is received is a debit. Add up the expense, and then income. Calculate the difference. The resulting amount will be the balance at the beginning of the next period.