Adjusting trail balance

Hi

How does one generate an adjusting trail balance showing the adjusting entries and final TB in Sage 50 Canadian edition

Thanks

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  • 0

    Thru General Journal entry - The source would be the accountants adjusting entries such as AJE 1 and the date would be the last day of the fiscal year the entries are for. The comments would be what the accountant has noted.

    If there are 11 adjusting entries then you will have 11 journal entries to post.

    If any of the adjustments involves Acct Pay or Acct Rec then those have to be done thru the vendor/customer that entry is for.

    After you have done that then you compare your Trial balance as of last day of fiscal year against the accountant's Trial Balance that he provided you. You generally only need to verify the 1000 thru to 3000 account nbrs and that the retained earnings are exactly what is on Accountants TB.

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  • 0

    Thru General Journal entry - The source would be the accountants adjusting entries such as AJE 1 and the date would be the last day of the fiscal year the entries are for. The comments would be what the accountant has noted.

    If there are 11 adjusting entries then you will have 11 journal entries to post.

    If any of the adjustments involves Acct Pay or Acct Rec then those have to be done thru the vendor/customer that entry is for.

    After you have done that then you compare your Trial balance as of last day of fiscal year against the accountant's Trial Balance that he provided you. You generally only need to verify the 1000 thru to 3000 account nbrs and that the retained earnings are exactly what is on Accountants TB.

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