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Bookkeeping › Trial Balance

When is a trial balance prepared?

Beginner

Answer

A trial balance is typically prepared at the end of an accounting period (month, quarter, or year) after all transactions are posted and accounts balanced, and whenever a check on the books is needed. Regular trial balances catch errors early and support interim and year-end reporting.
Real-world example The bookkeeper extracts a trial balance every month-end to verify the ledger before management reports.

Common follow-ups: How often is a TB prepared? | Why prepare interim trial balances?