Table of Contents
- 5 Steps to Maintain a Trial Balance Sheet
- 9+ Trial Balance Sheet Templates
- 1. Trial Balance Sheet Template
- 2. Trial Balance Worksheet Template
- 3. Income Trial Balance Sheet Template
- 4. Business Trial Balance Sheet Template
- 5. Accounting Trial Balance Sheet Template
- 6. Simple Trial Balance Sheet Template
- 7. Monthly Trial Balance Sheet Template
- 8. Company Trial Balance Sheet Template
- 9. Working Trial Balance Sheet Template
- 10. Hospital Trial Balance Sheet Template
9+ Trial Balance Sheet Templates in Google Docs | Google Sheets| XLS | Number | Pages | PDF | Word
It is very important for a business that we calculate the trial balance properly because it is all about balance. You need to check a balance of accounts, transaction and credit/debit amounts. Every entry needs to be perfect and error-free. there are mainly two methods of balancing a trial sheet. One is the balance method and the other is the total method. You can avoid making human-errors in the trial sheet by following a ready-made sheet template and create your financial statement within a snap!
5 Steps to Maintain a Trial Balance Sheet
Step 1: Accounting Equation
The first thing to keep in mind before starting with the trial balance sheet is to understand the accounting equation. Gather the closing balance of ledger accounts and enter them into the trial sheet table. You need to balance out the debit side and the credit side.
The debit side equation is: Assets + Expenses + Drawings
While the credit side equation is: Liabilities + Revenue + Owner’s Equity
Step 2: Balance Amounts
We need to balance out the two equations of both credit and debit entries. We can balance the equations by calculating the difference between the sums of the debit amount and the credit amount. Through this calculation, we will be able to know if every ledger account is balanced.
Step 3: Prepare Column and Label
After the above calculations, we need to create a worksheet of three columns. One column will be for the account names, another for debit entry and the third for credit entry. Fill up the details in the required columns with account names, debit and credit amounts as calculated.
Step 4: Close the Trial Balance
After you enter the accurate data, now you have to calculate the total debit and credit amounts. If both the summations don’t match, then you need to check your data again. You can close the trial worksheet only when both the total amounts are the same.
Step 5: Rectify Errors
Check out for some possible errors in the trial worksheet. Error in entering accurate balance, balancing both the entries, a wrong entry in the columns or even considering inappropriate liabilities and assets of your company.
9+ Trial Balance Sheet Templates
1. Trial Balance Sheet Template
When you need to lay down all your accounts and credit balances to create the financial statement for your business, you need our Trial Balance sheet template in Google Docs, MS Word and Pages format has been produced so that it can be compatible with all kinds of editing software to your benefit. Just lay down the details in the required areas and you are done with your trial balance worksheet in no time!
2. Trial Balance Worksheet Template
Did you need to produce financial statements for the financial year of your company? No more wait as you can get this Trial Balance Worksheet template in Pages format for the Apple devices. This convenient file comes with the high-quality format and standard fonts that will assist in you understanding the fundamentals of the balance worksheet. All you need to do is download this file whenever you need it!
3. Income Trial Balance Sheet Template
sourceforge.netOur Income Trial Balance Sheet Template has been designed for reducing your stress and efforts. No more pining about the mixed balancing amounts of your business. You can keep track of the finances in a better way. Download this balance sheet on your device and enjoy the professional format which you can modify according to your preferences as well! If you want, you may also explore our sheets in Excel for Microsoft users!
4. Business Trial Balance Sheet Template
pdst.ieYour business needs to be kept in check regularly to understand the income and expenses as required. You would probably want to utilize the benefits of this Business Trial Balance Sheet Template that you can experience in PDF format. So download this and start formatting your trial sheet instantly. The best part about this is that it is compatible
5. Accounting Trial Balance Sheet Template
newhorizonindia.edu/When you need a trial balance sheet to keep track of your business finances, then you should get this Accounting Trial Balance Sheet Template to calculate all the credit and debit amounts of the ledger accounts. Just fill in the information and compute in the sheet efficiently rather than creating it manually. Make sure you put in the accurate data in the sheet and balance out the amounts.
6. Simple Trial Balance Sheet Template
infosys.comThis Simple Trial Balance Sheet Template has been designed to make it convenient for you. If you are interested in drafting a simple balance sheet for your business, then we recommend you to get this template right away, as it comes with a detailed format of all the key elements you need to calculate. You can also use it as a reference for your personalized sheets and get desired results!
7. Monthly Trial Balance Sheet Template
v-cdn.netIt is essential to calculate the monthly balance of your business so that you can keep a record of expenses and income in a well-organized way. We are proud to present you with this Monthly Trial Balance Sheet Template which helps you in maintaining a track of your financial accounts monthly. Trust our document and start working on your trial sheet this instant!
8. Company Trial Balance Sheet Template
state.nj.usIf you want to encode all the balances of the ledger accounts then you are in luck. This Company Trial Balance Sheet Template, accessible in DOC format is one of a kind. It comes with a well-rounded form structure where you can add the accurate amounts in the designated boxes and enjoy the ease of calculation!
9. Working Trial Balance Sheet Template
utah.eduFind perfection in our efficient Working Trial Balance Sheet Template as you can download this free sheet template and get an editable format with a separated column structure to help you enter the credit and debit details in the appropriate blanks to get the balancing amount. However, before finishing with your balance sheet, check out our other sample sheets for reference as well!
10. Hospital Trial Balance Sheet Template
bpvp.comAre you looking for a personal balance sheet for your clinic so that you can determine your hospital’s expenses? Then this Hospital Trial Balance Sheet Template is sure to serve your needs. It has been personalized for medical organizations and health clinics with pre-approved label names so that you can use it without changing! So save your time and get started.
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