Balance-sheet balances carry over from one period to the next. So the ending cash balance from last year will become the beginning cash balance this year. Throughout the year, transactions will ...

A trial balance is an accounting tool that essentially combines the balance sheet and the income statement. Accordingly, a company's trial balance must be in order prior to being used to prepare a tax ...

Many financial systems do a fine job of generating standard reports, but accountants often need more. In those cases, accountants can create custom solutions in Excel, but that approach has drawbacks.