Tag: Trial Balance

Trial Balance vs. Balance Sheet: What’s the Difference?

Trial Balance vs. Balance Sheet: What's the Difference?

As a small business, you’ll likely have several forms, sheets, reports, and statements concerning your finances. Two reports that you’ll likely be dealing with are trial balances and balance sheets. Both of these are essential to understanding your finances, but there are many business owners who don’t understand the differences. Trial Balance Simply put, a… Read more »