Trial balance an evaluation of the Financial accounting, which shows the debit and credit transactions and the respective balance for each account.
Basics
The SuSa is based on the Ledger recorded bookings. It shows the accumulated movements for each general ledger account within a specified period.
This creates a structured overview of account development.
Legal framework
The trial balance is not a standalone statutory financial statement, but rather an internal evaluation based on proper bookkeeping.
Systematic classification
The SuSa relates to:
It serves to control and prepare further evaluations.
Typical components
- Account number
- Account name
- Sum of debit and credit postings
- Current balance
Typical procedure
- Recording current bookings
- Automatic evaluation of account balances
- Checking and analysis of balances
Practical relevance
The trial balance is often used for reconciling accounting records and as a basis for preparatory activities in the context of Annual financial statement used.
Typical sources of error
- Incomplete bookings
- Unreconciled accounts
- Incorrect accounting classification
FAQ
Is the SuSa legally required?
It arises from proper bookkeeping, but is not an independent final account.
What is it used for?
For the control of account balances and as a basis for further analyses.
Is it part of the year-end accounts?
It serves as a basis, but is not itself a formal part of the annual financial statements.
Conclusion
The trial balance is a central financial accounting report. It offers a structured overview of account totals and balances and supports control as well as the preparation of the annual financial statements.
Brasser Accounting Solutions GmbH is a specialised accounting service provider and part of a corporate group with Quint GmbH (tax consultancy/auditing) and Service Place Årjäng AB (Swedish tax office). BAS exclusively performs services according to § 6 No. 3 and 4 StBerG and does not provide tax or legal advice.
