{"id":12509,"date":"2026-09-30T06:56:49","date_gmt":"2026-09-30T10:56:49","guid":{"rendered":"https:\/\/www.sage.com\/en-ca\/blog\/?p=12509"},"modified":"2026-09-30T07:00:19","modified_gmt":"2026-09-30T11:00:19","slug":"what-is-a-trial-balance","status":"publish","type":"post","link":"https:\/\/www.sage.com\/en-ca\/blog\/what-is-a-trial-balance\/","title":{"rendered":"What is a trial balance in accounting? A complete guide"},"content":{"rendered":"<header class=\"entry-header has-dark-background-color entry-header--standard\">\n\t<div class=\"container\">\n\t\t<div class=\"entry-header__row row align-center\">\n\t\t\t<div class=\"col col-lg-7 col-xlg-6 entry-header__content\">\n\t\t\t\t\t\t\t<div class=\"component component-single-header\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"entry-header__misc text--subtitle text--uppercase text--small\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-ca\/blog\/category\/strategy-legal-operations\/\" class=\"entry-header__link\">Strategy, Legal &amp; Operations<\/a>\t\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t<div class=\"entry-title-wrapper\">\n\t\t\t\t\t<h1 class=\"entry-title\">\n\t\t\t\t\t\tWhat is a trial balance in accounting? A complete guide\t\t\t\t\t<\/h1>\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t<p class=\"entry-header__description\">\n\t\t\t\t\t\tA trial balance is one of the simplest tools to confirm your books are accurate before you prepare formal financial statements. Here&#8217;s what it is, how to prepare one, and what to do if the totals don&#8217;t match.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"col col-8 col-lg-4 entry-header__image\">\n\t\t\t<figure class=\"entry-header__thumbnail js-hero-section\">\n\t\t\t\t<img decoding=\"async\" width=\"1440\" height=\"810\" src=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2022\/12\/GettyImages-1252669747-1440x810.jpg\" class=\"entry-header__thumbnail-image\" alt=\"Woman smiling at desk\" fetchpriority=\"high\" srcset=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2022\/12\/GettyImages-1252669747-1440x810.jpg 1440w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2022\/12\/GettyImages-1252669747-768x432.jpg 768w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2022\/12\/GettyImages-1252669747-684x384.jpg 684w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2022\/12\/GettyImages-1252669747-1536x864.jpg 1536w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2022\/12\/GettyImages-1252669747-2048x1152.jpg 2048w\" sizes=\"(max-width: 1440px) 100vw, 1440px\" \/>\t\t\t<\/figure>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t<\/div>\n\t\t<div class=\"single-post-details container\">\n\t\t<div class=\"col\">\n\t\t\t<span class=\"posted-on \">Published <time class=\"entry-date published\" datetime=\"2026-09-30T06:56:49-04:00\">September 30, 2026<\/time><\/span><span class=\"reading-time\"> min read<\/span>\n\t\t<button\n\t\t\ttype=\"button\"\n\t\t\tclass=\"social-share-button button button--icon button--secondary js-social-share-button\"\n\t\t\tdata-share-title=\"What is a trial balance in accounting? A complete guide\"\n\t\t\tdata-share-url=\"https:\/\/www.sage.com\/en-ca\/blog\/what-is-a-trial-balance\/\"\n\t\t\tdata-share-text=\"Please read this interesting article\"\n\t\t>\n\t\t\t<span class=\"social-share-button__share-label\">Share<\/span>\n\t\t\t<span class=\"social-share-button__copy-label\" hidden>Copy Link<\/span>\n\t\t\t<span class=\"social-share-button__copy-tooltip\" aria-hidden=\"true\" hidden>Copied<\/span>\n\t\t<\/button>\n\n\t\t\t\t<\/div>\n\t<\/div>\n\t<\/header>\n\n\n\n<div class=\"wp-block-post-author has-dark-background-color alignfull\">\n\t<div class=\"container\">\n\t\t<div class=\"col\">\n\t\t\t\t\t\t\t<div class=\"co-authors\">\n\t\t\t\t\t\n\t\t<div class=\"entry-author-wrapper\">\n\t\t\t<a class=\"entry-author\" href=\"https:\/\/www.sage.com\/en-ca\/blog\/author\/yassirmalik\/\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"40\" height=\"40\" src=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2024\/03\/Yassir-Malik.jpg\" class=\"entry-author__image\" alt=\"yassir-malik-profile-picture\" \/>\t\t\t\t<span class=\"entry-author__name\">Yassir Malik<\/span>\n\t\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\n\t\t\n\t\t<div class=\"entry-author-wrapper\">\n\t\t\t<a class=\"entry-author\" href=\"https:\/\/www.sage.com\/en-ca\/blog\/author\/lauraslingo\/\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"40\" height=\"40\" src=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2026\/03\/laura-slingo-headshot-350x350.jpg\" class=\"entry-author__image\" alt=\"Laura Slingo\" srcset=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2026\/03\/laura-slingo-headshot-350x350.jpg 350w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2026\/03\/laura-slingo-headshot.jpg 400w\" sizes=\"auto, (max-width: 40px) 100vw, 40px\" \/>\t\t\t\t<span class=\"entry-author__name\">Laura Slingo<\/span>\n\t\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n<section class=\"wp-block-sage-article-update\"><div class=\"sage-article-update__inner\"><p>This article was originally published on February 17, 2025 and has been refreshed and re-published with new content on September 30, 2026.<\/p><\/div><\/section>\n\n\n\n<p class=\"wp-block-paragraph\"> Every set of books has a moment of truth: the point where you find out whether your debits and credits actually match. For a business owner or bookkeeper, that moment is when they see the trial balance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A trial balance is an accounting report that lists every account in your general ledger, along with its balance, to check that total debits equal total credits before you move on to formal financial statements. Understanding the trial balance meaning, its format, and how to prepare one properly is a core skill for anyone responsible for a business&#8217;s books.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Learn what a trial balance is, how it differs from a balance sheet, how <a href=\"https:\/\/www.sage.com\/en-ca\/blog\/what-are-debits-and-credits\/\">debits and credits<\/a> work within it, the standard trial balance format, the three types of trial balance, how to prepare one step by step, common errors and how to fix them, and its benefits and limitations.<\/p>\n\n\n<section id=\"key-takeaways\" class=\"wp-block-sage-key-takeaways\"><div class=\"sage-key-takeaways__inner\"><h2 class=\"wp-block-heading has-h-3-font-size\">Key takeaways<\/h2>\n<ul class=\"wp-block-list\">\n<li>A trial balance is an internal accounting report that lists all general ledger accounts and their balances, split into debit and credit columns.<\/li>\n\n\n\n<li>Its purpose is to confirm total debits equal total credits, following the rules of double-entry accounting.<\/li>\n\n\n\n<li>It&#8217;s typically prepared at the end of a reporting period, before financial statements like the income statement or balance sheet are created.<\/li>\n\n\n\n<li>There are three main types: unadjusted, adjusted, and post-closing.<\/li>\n\n\n\n<li>A trial balance can flag unbalanced entries, but it won&#8217;t catch every error; misclassifications and omitted transactions can still slip through even when the totals match.<\/li>\n\n\n\n<li>Accounting software can automate trial balance preparation, reducing manual errors and saving time.<\/li>\n<\/ul>\n<\/div><\/section>\n\n\n<h2 id=\"h-here-s-what-we-ll-cover\" class=\"wp-block-heading\">Here&#8217;s what we&#8217;ll cover<\/h2>\n\n\n<?xml encoding=\"utf-8\" ?><div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><ul><li><a href=\"#h-what-is-a-trial-balance\" data-level=\"2\">What is a trial balance?<\/a><\/li><li><a href=\"#h-is-a-trial-balance-different-from-a-balance-sheet\" data-level=\"2\">Is a trial balance different from a balance sheet?<\/a><\/li><li><a href=\"#h-what-is-the-trial-balance-format\" data-level=\"2\">What is the trial balance format?<\/a><\/li><li><a href=\"#h-trial-balance-example\" data-level=\"2\">Trial balance example<\/a><\/li><li><a href=\"#h-what-are-the-different-types-of-trial-balance-reports\" data-level=\"2\">What are the different types of trial balance reports?<\/a><\/li><li><a href=\"#h-how-to-prepare-a-trial-balance\" data-level=\"2\">How to prepare a trial balance<\/a><\/li><li><a href=\"#h-common-trial-balance-errors-and-how-to-fix-them\" data-level=\"2\">Common trial balance errors and how to fix them<\/a><\/li><li><a href=\"#h-what-are-the-benefits-of-using-the-trial-balance-format\" data-level=\"2\">What are the benefits of using the trial balance format?<\/a><\/li><li><a href=\"#h-what-are-the-limitations-of-using-the-trial-balance-format\" data-level=\"2\">What are the limitations of using the trial balance format?<\/a><\/li><li><a href=\"#h-simplify-trial-balance-reporting-with-accounting-software\" data-level=\"2\">Simplify trial balance reporting with accounting software<\/a><\/li><li><a href=\"#h-frequently-asked-questions-about-trial-balances\" data-level=\"2\">Frequently asked questions about trial balances<\/a><\/li><\/ul><\/div>\n\n\n\n<h2 id=\"h-what-is-a-trial-balance\" class=\"wp-block-heading\">What is a trial balance?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A trial balance is an internal accounting report that lists every account in your general ledger, along with its balance, to check the accuracy of your bookkeeping. Balances are split into two columns, debits and credits, and the report&#8217;s main purpose is to confirm these totals match.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If the two columns don&#8217;t balance, it signals an error somewhere in your ledger that needs to be found and corrected before you prepare financial statements.<\/p>\n\n\n\n<h2 id=\"h-is-a-trial-balance-different-from-a-balance-sheet\" class=\"wp-block-heading\">Is a trial balance different from a balance sheet?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Yes. A trial balance and a balance sheet serve different purposes in accounting.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A trial balance is an internal check that your books balance; a balance sheet is a formal statement of your business&#8217;s financial position.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-first-column\"><table class=\"has-fixed-layout\"><thead><tr><th>Difference<\/th><th><strong>Trial balance<\/strong><\/th><th><strong>Balance sheet<\/strong><\/th><\/tr><\/thead><tbody><tr><td><strong>What is it?<\/strong><\/td><td>A working, internal report listing all ledger accounts and their current balances.<\/td><td>A formal overview of your business&#8217;s financial position.<\/td><\/tr><tr><td><strong>Purpose<\/strong><\/td><td>Confirms total debits match total credits, flagging issues before finalizing statements.<\/td><td>Breaks down assets, liabilities, and equity into a clear financial snapshot.<\/td><\/tr><tr><td><strong>Audience<\/strong><\/td><td>Primarily used internally, although accountants and auditors may also request it.<\/td><td>Used internally and often shared with external stakeholders such as investors or lenders.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">In short, the trial balance helps verify that your ledger is in balance, while the <a href=\"https:\/\/www.sage.com\/en-ca\/blog\/what-why-balance-sheets-important\/\">balance sheet<\/a> shows what your business owns, owes, and retains at a specific point in time.<\/p>\n\n\n\n<h2 id=\"h-what-is-the-trial-balance-format\" class=\"wp-block-heading\">What is the trial balance format?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A trial balance follows a simple, standard format: a three-column report listing account names, debit balances, and credit balances.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-first-column\"><table class=\"has-fixed-layout\"><thead><tr><th><strong>Format<\/strong><\/th><th><strong>What it includes<\/strong><\/th><\/tr><\/thead><tbody><tr><td><strong>Account names<\/strong><\/td><td>Every general ledger account with a balance at the end of the reporting period.<\/td><\/tr><tr><td><strong>Debit balances<\/strong><\/td><td>Typically <a href=\"https:\/\/www.sage.com\/en-ca\/blog\/a-comprehensive-guide-to-assets-and-asset-management\/\">assets<\/a> (e.g. cash and accounts receivable) and expenses (e.g. rent and utilities)<\/td><\/tr><tr><td><strong>Credit balances<\/strong><\/td><td>Typically liabilities (e.g. <a href=\"https:\/\/www.sage.com\/en-ca\/blog\/accounts-payable-asset-or-liability\/\">accounts payable<\/a>, loans), equity (e.g. retained earnings), and revenue (e.g. sales income)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The total in the debit column should equal the total in the credit column. If they don&#8217;t match, it signals a bookkeeping error that needs to be found and fixed before you move forward.<\/p>\n\n\n\n<h2 id=\"h-trial-balance-example\" class=\"wp-block-heading\">Trial balance example<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Here&#8217;s a basic trial balance example to show how it works in practice. Each account is also labelled by type, so you can see why it lands in the debit or credit column.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-data\"><table class=\"has-fixed-layout\"><thead><tr><th><strong>Account name<\/strong><\/th><th><strong>Type<\/strong><\/th><th><strong>Debit ($)<\/strong><\/th><th><strong>Credit ($)<\/strong><\/th><\/tr><\/thead><tbody><tr><td>Cash<\/td><td>Asset<\/td><td>10,000<\/td><td>&nbsp;<\/td><\/tr><tr><td>Accounts receivable<\/td><td>Asset<\/td><td>5,000<\/td><td>&nbsp;<\/td><\/tr><tr><td>Office supplies<\/td><td>Asset<\/td><td>1,500<\/td><td>&nbsp;<\/td><\/tr><tr><td>Accounts payable<\/td><td>Liability<\/td><td>&nbsp;<\/td><td>3,000<\/td><\/tr><tr><td>Loan payable<\/td><td>Liability<\/td><td>&nbsp;<\/td><td>5,500<\/td><\/tr><tr><td>Revenue<\/td><td>Revenue<\/td><td>&nbsp;<\/td><td>8,000<\/td><\/tr><tr><td>Owner\u2019s equity<\/td><td>Equity<\/td><td>&nbsp;<\/td><td>4,000<\/td><\/tr><tr><td>Rent expense<\/td><td>Expense<\/td><td>3,000<\/td><td>&nbsp;<\/td><\/tr><tr><td>Utilities expense<\/td><td>Expense<\/td><td>1,000<\/td><td>&nbsp;<\/td><\/tr><\/tbody><tfoot><tr><td><strong>Total<\/strong><\/td><td><\/td><td><strong>20,500<\/strong><\/td><td><strong>20,500<\/strong><\/td><\/tr><\/tfoot><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">In this example, the total debits and credits both equal $20,500, meaning the trial balance is in balance. Assets and expenses appear in the debit column, while liabilities, equity, and revenue appear in the credit column.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If the totals didn&#8217;t align, you&#8217;d need to investigate and fix the mistake before preparing further financial statements.<\/p>\n\n\n\n<h2 id=\"h-what-are-the-different-types-of-trial-balance-reports\" class=\"wp-block-heading\">What are the different types of trial balance reports?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Businesses typically move through three types of trial balance over the course of an accounting period: unadjusted first, then adjusted, then post-closing, as the ledger goes from a first check to a fully adjusted, closing-ready report.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-first-column\"><table class=\"has-fixed-layout\"><thead><tr><th><strong>Type<\/strong><\/th><th><strong>When it&#8217;s prepared<\/strong><\/th><th><strong>What it includes<\/strong><\/th><th><strong>Purpose<\/strong><\/th><\/tr><\/thead><tbody><tr><td><strong>Unadjusted<\/strong><strong><\/strong><\/td><td>After recording transactions for the period and before making adjusting entries.<\/td><td>Balances as recorded before period-end adjustments.<\/td><td>Provides an initial check that debits and credits align.<\/td><\/tr><tr><td><strong>Adjusted<\/strong><strong><\/strong><\/td><td>After adjusting entries have been posted.<\/td><td>Updates such as accruals, depreciation, and corrections to earlier entries.<\/td><td>Forms the basis for financial statements like the income statement and balance sheet.<\/td><\/tr><tr><td><strong>Post-closing<\/strong><strong><\/strong><\/td><td>After closing temporary accounts such as revenue and expenses.<\/td><td>Only permanent accounts: assets, liabilities, and equity.<\/td><td>Confirms the remaining accounts are in balance and ready for the next accounting period.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Accounting software can generate these reports directly from your general ledger data. The key is understanding which stage of the accounting process each report represents and what you need to check.<\/p>\n\n\n<section class=\"wp-block-sage-how-to\">\n\t\n<h2 id=\"h-how-to-prepare-a-trial-balance\" class=\"wp-block-heading\">How to prepare a trial balance<\/h2>\n\t\n<p class=\"wp-block-paragraph\">Preparing a trial balance involves listing every ledger account&#8217;s ending balance and confirming that total debits equal total credits.<\/p>\n\n<p class=\"wp-block-paragraph\">While the exact process can vary slightly depending on whether you&#8217;re working manually or using accounting software, the underlying steps stay the same. Here&#8217;s how to do it, step by step:<\/p>\n\t\t\t<ol class=\"how-to-steps\">\n\t\t\t<li class=\"wp-block-sage-how-to-step\" id=\"how-to-step-24e01f55\">\n\t<h3 id=\"h-record-all-transactions-in-the-ledger\" class=\"wp-block-heading\">Record all transactions in the ledger<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Before you can prepare a trial balance, every transaction for the period needs to be posted to its relevant general ledger account. This means each sale, purchase, payment, and receipt has already been journalized and carried through to the correct account. The trial balance can only be as accurate as the ledger it&#8217;s built from.<\/p><\/li>\n<li class=\"wp-block-sage-how-to-step\" id=\"how-to-step-559be138\">\n\t<h3 id=\"h-calculate-each-account-s-ending-balance\" class=\"wp-block-heading\">Calculate each account&#8217;s ending balance<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Total the debits and credits for each individual account to arrive at its closing balance for the period. For accounts with a lot of activity, such as cash or accounts receivable, work through every entry rather than relying on a running total that may not reflect recent postings.<\/p><\/li>\n<li class=\"wp-block-sage-how-to-step\" id=\"how-to-step-f2b1ae26\">\n\t<h3 id=\"h-list-every-account-and-its-balance\" class=\"wp-block-heading\">List every account and its balance<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Transfer each general ledger account with a non-zero ending balance into the trial balance, placing debit balances and credit balances in their respective columns. Omitting an account with a balance will usually prevent the two columns from matching.<\/p><\/li>\n<li class=\"wp-block-sage-how-to-step\" id=\"how-to-step-d2f985d4\">\n\t<h3 id=\"h-total-both-columns\" class=\"wp-block-heading\">Total both columns<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Add up all the figures in the debit column, then all the figures in the credit column. It&#8217;s worth doing this step carefully rather than quickly; a simple addition mistake here can look identical to a genuine ledger error later on.<\/p><\/li>\n<li class=\"wp-block-sage-how-to-step\" id=\"how-to-step-a93beabf\">\n\t<h3 id=\"h-compare-the-two-totals\" class=\"wp-block-heading\">Compare the two totals<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If the debit total matches the credit total, your ledger is in balance for this stage of the process. Remember, though, that matching totals alone do not prove every transaction has been recorded or classified correctly.<\/p><\/li>\n<li class=\"wp-block-sage-how-to-step\" id=\"how-to-step-c0cb4178\">\n\t<h3 id=\"h-investigate-and-correct-any-mismatch\" class=\"wp-block-heading\">Investigate and correct any mismatch<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If the totals don&#8217;t match, work back through your entries to find the error rather than adjusting the numbers to force a match.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Once the totals balance, you can move on to preparing an adjusted trial balance and eventually your financial statements.<\/p><\/li>\n\t\t<\/ol>\n\t<\/section>\n\n\n\n<h2 id=\"h-common-trial-balance-errors-and-how-to-fix-them\" class=\"wp-block-heading\">Common trial balance errors and how to fix them<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">When a trial balance doesn&#8217;t balance, the size of the difference can offer clues about its cause. Here are some common errors, along with practical ways to track each one down.<\/p>\n\n\n\n<h3 id=\"h-transcription-errors\" class=\"wp-block-heading\">Transcription errors<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A transcription error happens when a figure is copied incorrectly, like recording $540 as $450.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Transposed digits create a difference that is divisible by 9, so this can be a useful clue rather than proof of the cause. If the difference is divisible by 9, check the figures copied into the ledger and trial balance for reversed digits.<\/p>\n\n\n\n<h3 id=\"h-omission-errors\" class=\"wp-block-heading\">Omission errors<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">An omission error occurs when a transaction is left out of the ledger entirely or only one side of a double-entry transaction is recorded.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Omissions don&#8217;t always create a visible imbalance. If both the debit and credit side of an entry are missing, your totals can still match even though the trial balance is inaccurate. Periodically cross-check your ledger against source documents such as invoices and receipts to help catch these errors.<\/p>\n\n\n\n<h3 id=\"h-misclassification-errors\" class=\"wp-block-heading\">Misclassification errors<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A misclassification error happens when a transaction is recorded to the wrong account\u2014for example, posting an equipment purchase to office supplies instead of a fixed asset account.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Like omissions, this usually doesn&#8217;t affect whether your totals balance, since the amount is still recorded, just in the wrong place. Reviewing account balances for unusually high or low figures compared to prior periods can help catch these.<\/p>\n\n\n\n<h3 id=\"h-if-your-totals-don-t-match-at-all\" class=\"wp-block-heading\">If your totals don&#8217;t match at all<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A couple of quick checks can help narrow down the cause before you work through every entry:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Difference divisible by 9?<\/strong> This may indicate that two digits have been reversed.<\/li>\n\n\n\n<li><strong>Difference divisible by 2?<\/strong> This may indicate that an amount was posted to the wrong column, because recording a debit as a credit\u2014or vice versa\u2014creates a difference twice the amount of the entry.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">If neither shortcut helps, re-add both columns to rule out simple arithmetic mistakes, then confirm every general ledger account with a balance appears on the trial balance.<\/p>\n\n\n\n<h2 id=\"h-what-are-the-benefits-of-using-the-trial-balance-format\" class=\"wp-block-heading\">What are the benefits of using the trial balance format?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The trial balance format offers several practical advantages. It provides a quick, structured check of your ledger and creates a more reliable starting point for period-end reporting.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here&#8217;s how those advantages break down in practice:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>User-friendly format:<\/strong> with its straightforward layout, it&#8217;s easy to compile, review, and understand, even for newcomers to accounting.<\/li>\n\n\n\n<li><strong>Quick error detection:<\/strong> a difference between total debits and credits alerts you to problems such as one-sided postings, transposed figures, or arithmetic mistakes.<\/li>\n\n\n\n<li><strong>Supports audit preparation:<\/strong> it provides an organized snapshot of your accounts, helping address basic discrepancies before an audit begins.<\/li>\n\n\n\n<li><strong>More reliable reporting:<\/strong> it provides a structured check that your books follow double-entry rules, supporting more dependable financial statements and business decisions.<\/li>\n\n\n\n<li><strong>Foundation for financial statements:<\/strong> it&#8217;s the springboard for creating essential reports like the income statement and balance sheet.<\/li>\n<\/ul>\n\n\n\n<h2 id=\"h-what-are-the-limitations-of-using-the-trial-balance-format\" class=\"wp-block-heading\">What are the limitations of using the trial balance format?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The main limitations of a trial balance are that it doesn&#8217;t catch every type of error, provide a complete view of financial performance, or replace formal financial statements. It can also be time-consuming to prepare manually.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Equal totals confirm only that the debit and credit columns balance; they do not prove that the underlying records are complete and accurate.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here&#8217;s where those limits show up in practice:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Doesn&#8217;t catch all errors:<\/strong> a balanced trial balance doesn&#8217;t guarantee flawless books; omissions, duplicate entries, and misclassifications can slip through even when the totals match.<\/li>\n\n\n\n<li><strong>Limited view of financial performance:<\/strong> although it contains revenue and expense balances, a trial balance doesn&#8217;t present profitability, cash flow, or financial position in the structured way formal financial statements do.<\/li>\n\n\n\n<li><strong>Manual preparation challenges:<\/strong> if you&#8217;re not using accounting software, preparing and balancing by hand can be time-consuming and error-prone.<\/li>\n\n\n\n<li><strong>Limited fraud detection:<\/strong> it tests whether debits and credits balance, not whether transactions are legitimate.<\/li>\n\n\n\n<li><strong>Not a substitute for final statements:<\/strong> it&#8217;s an accounting working document, not a replacement for the formal financial statements prepared for business owners and other stakeholders.<\/li>\n<\/ul>\n\n\n\n<h2 id=\"h-simplify-trial-balance-reporting-with-accounting-software\" class=\"wp-block-heading\">Simplify trial balance reporting with accounting software<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Accounting software makes trial balance reporting faster and easier by drawing balances directly from your general ledger and automating the calculations. This reduces manual work and makes discrepancies easier to identify and investigate.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Because the report stays connected to the rest of your books, you don&#8217;t need to maintain a separate spreadsheet. With the right <a href=\"https:\/\/www.sage.com\/en-ca\/accounting-software\/\">accounting software<\/a>, you can generate an up-to-date trial balance when you need it and move more smoothly into the rest of your period-end reporting.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ready to spend less time reconciling and more time running your business? Explore <a href=\"https:\/\/www.sage.com\/en-ca\/accounting-software\/financial-reporting\/\">financial reporting software<\/a> that works as hard as you do.<\/p>\n\n\n<section class=\"wp-block-sage-faq\">\n\t\n<h2 id=\"h-frequently-asked-questions-about-trial-balances\" class=\"wp-block-heading\">Frequently asked questions about trial balances<\/h2>\n\t\t\t<div class=\"faq-items\">\n\t\t\t<div class=\"wp-block-sage-faq-item\" id=\"faq-item-28c73c4b\">\n\t<div class=\"faq-item-question\">\n\t\t\n<h3 id=\"h-is-a-trial-balance-a-financial-statement\" class=\"wp-block-heading\">Is a trial balance a financial statement?<\/h3>\n\t<\/div>\n\t\t\t<div class=\"faq-item-answer\">\n\t\t\t\n<p class=\"wp-block-paragraph\">No. A trial balance is an accounting working document used to check that total debits and credits in the general ledger are equal; it is not a financial statement itself. Financial statements, such as the income statement and balance sheet, present a business&#8217;s financial performance and position in a format designed for business owners and other stakeholders.<\/p>\n\t\t<\/div>\n\t<\/div>\n<div class=\"wp-block-sage-faq-item\" id=\"faq-item-8f04c7b3\">\n\t<div class=\"faq-item-question\">\n\t\t\n<h3 id=\"h-does-the-cra-require-businesses-to-prepare-a-trial-balance\" class=\"wp-block-heading\">Does the CRA require businesses to prepare a trial balance?<\/h3>\n\t<\/div>\n\t\t\t<div class=\"faq-item-answer\">\n\t\t\t\n<p class=\"wp-block-paragraph\">Not specifically. The CRA requires businesses to keep organized accounting and financial records, but it doesn&#8217;t prescribe a trial balance as the required format. A trial balance is a standard accounting tool that can help you check the ledger balances behind your tax returns and financial statements.<\/p>\n\t\t<\/div>\n\t<\/div>\n<div class=\"wp-block-sage-faq-item\" id=\"faq-item-cdf6cd26\">\n\t<div class=\"faq-item-question\">\n\t\t\n<h3 id=\"h-what-s-the-difference-between-a-trial-balance-and-a-general-ledger\" class=\"wp-block-heading\">What&#8217;s the difference between a trial balance and a general ledger?<\/h3>\n\t<\/div>\n\t\t\t<div class=\"faq-item-answer\">\n\t\t\t\n<p class=\"wp-block-paragraph\">A general ledger is the complete, ongoing record of every transaction posted to every account. A trial balance is a summary snapshot taken from that ledger at a specific point in time, listing each account&#8217;s final balance rather than the individual transactions behind it. In short, the ledger shows the full history, while the trial balance shows the end result.<\/p>\n\t\t<\/div>\n\t<\/div>\n\t\t<\/div>\n\t<\/section>\n\n\n\n<div class=\"single-cta\">\n\t<div class=\"single-cta__positioner on-scroll-highlight__target\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">Subscribe to the Sage Advice Newsletter<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p class=\"cta-content__title\">Get a roundup of our best business advice in your inbox every month.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"#gate-8949a954-88b2-43bb-8b8a-77c53eb34350\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t>Subscribe<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"1440\" height=\"810\" src=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2022\/04\/GettyImages-1073797282-1440x810.jpg\" class=\"single-cta__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2022\/04\/GettyImages-1073797282-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n\n\n<section class=\"more-topics alignfull has-grey-light-background-color wp-block-sage-post-topics\">\n\t<div class=\"container\">\n\t\t<div class=\"row\">\n\t\t\t<div class=\"col col-12 col-lg-4\">\n\t\t\t\t<h3 class=\"more-topics__title h2\">Browse more topics from this article<\/h3>\n\t\t\t<\/div>\n\t\t\t<div class=\"col col-12 col-lg-8\">\n\t\t\t\t<ul class=\"post-tags__list\">\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-ca\/blog\/tag\/accounting-101\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tAccounting 101\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-ca\/blog\/tag\/bookkeeping\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tbookkeeping\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-ca\/blog\/tag\/business-intelligence\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tbusiness intelligence\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-ca\/blog\/tag\/midsized-business\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tmidsized business\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-ca\/blog\/tag\/profit-and-loss\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tprofit and loss\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-ca\/blog\/tag\/small-business\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tsmall business\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/section>\n\n\n<div class=\"alignfull wp-block-sage-related-posts\">\n\t<section class=\"related-posts card-grid has-dark-background-color\">\n\t<div class=\"container\">\n\t\t\t\t\t<div class=\"row\">\n\t\t\t\t<div class=\"col\">\n\t\t\t\t\t<h2 class=\"related-posts__heading related-posts__heading--featured h1\">Explore more wisdom<\/h2>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\n\t\t\t<div class=\"row related-posts__featured\">\n\t\t\t\t<div class=\"col card-grid__item\">\n\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-0 post-15163 post type-post status-publish format-standard has-post-thumbnail hentry category-compliance category-money-matters tag-accounting-101 tag-ai tag-financial-insights tag-pricing tag-revenue business_type-small-business business_type-medium-business business_type-accountants industry-financial-services card-post--is-clickable\"\n>\n\t<div class=\"card-post__media-wrapper\">\n\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1214\" height=\"810\" src=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2025\/08\/Mar2025_Financial-Family-office_0746-1214x810.jpeg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2025\/08\/Mar2025_Financial-Family-office_0746-684x384.jpeg 684w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2025\/08\/Mar2025_Financial-Family-office_0746-768x512.jpeg 768w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2025\/08\/Mar2025_Financial-Family-office_0746-1214x810.jpeg 1214w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\t<\/div>\n\n\t<div class=\"card-post__content\">\n\t\t\t\t\t<div class=\"card-post__label\">Recommended<\/div>\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-10-15T15:33:26-04:00\">October 15, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">11 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h3\">\n\t\t\t\t\t\t\t<a\n\t\t\t\t\tclass=\"card-post__title-link\"\n\t\t\t\t\thref=\"https:\/\/www.sage.com\/en-ca\/blog\/saas-asc-606-revenue-recognition\/\"\n\t\t\t\t>\n\t\t\t\n\t\t\tIs\u00a0your SaaS business ready for IFRS 15\/ASC 606 revenue recognition and AI\u00a0token-based pricing?\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/p>\n\n\t\t\n\t\t\t\t\t<p class=\"card-post__description\">\n\t\t\t\tAs SaaS pricing evolves, usage-based, hybrid, and AI-driven models can make revenue recognition more complex. Learn how ASC 606 and IFRS 15 apply and what finance teams can do to stay accurate as pricing changes.\t\t\t<\/p>\n\t\t\n\t\t\t<\/div>\n\n\t<\/article>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\n\t\t\t\t\t<div class=\"row related-posts__non-featured\">\n\t\t\t\t<div class=\"col col-12\">\n\t\t\t\t\t<h2 class=\"related-posts__heading related-posts__heading--more h4\">More on this Topic<\/h2>\n\t\t\t\t<\/div>\n\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-1 post-15218 post type-post status-publish format-standard has-post-thumbnail hentry category-business-planning category-money-matters category-planning-globally category-strategy-legal-operations tag-business-finances tag-business-management tag-cash-flow tag-cfo tag-financial-insights tag-making-financial-decisions tag-midsized-business tag-trending-topics 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\/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-10-09T14:55:52-04:00\">October 9, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">6 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tWhat tariffs mean for your margins, cash flow, and forecasts\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-2 post-12478 post type-post status-publish format-standard has-post-thumbnail hentry category-accountants category-strategy-legal-operations category-trends-insights tag-accounting-101 tag-bookkeeping tag-business-finances tag-business-intelligence tag-cash-flow tag-financial-insights tag-midsized-business tag-profit-and-loss tag-small-business business_type-small-business business_type-medium-business\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-ca\/blog\/net-income-formula\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2023\/04\/GettyImages-1011227656-708x708-1-684x384.jpg\" class=\"card-post__image\" alt=\"woman working\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2023\/04\/GettyImages-1011227656-708x708-1-684x384.jpg 684w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2023\/04\/GettyImages-1011227656-708x708-1.jpg 708w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2023\/04\/GettyImages-1011227656-708x708-1.jpg 708w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-09-30T06:44:33-04:00\">September 30, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">10 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tNet income formula: How to calculate net income\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-3 post-10066 post type-post status-publish format-standard has-post-thumbnail hentry category-money-matters category-strategy-legal-operations tag-accounting-101 tag-business-intelligence tag-data-analysis tag-financial-insights tag-how-to-grow-your-business tag-small-business business_type-small-business business_type-medium-business\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-ca\/blog\/what-is-markup-percentage\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"640\" height=\"384\" src=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2023\/05\/GettyImages-1283894303-640x640-1-640x384.jpg\" class=\"card-post__image\" alt=\"woman in office\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2023\/05\/GettyImages-1283894303-640x640-1-640x384.jpg 640w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2023\/05\/GettyImages-1283894303-640x640-1.jpg 640w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2023\/05\/GettyImages-1283894303-640x640-1.jpg 640w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-09-30T06:29:56-04:00\">September 30, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">9 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tMarkup calculator: How to calculate markup percentage\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-4 post-11607 post type-post status-publish format-standard has-post-thumbnail hentry category-business-planning category-strategy-legal-operations tag-cloud-financial-management tag-erp tag-midsized-business business_type-medium-business\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-ca\/blog\/enterprise-resource-planning-explained\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2023\/09\/GettyImages-642835292_super-684x384.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2023\/09\/GettyImages-642835292_super-684x384.jpg 684w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2023\/09\/GettyImages-642835292_super-768x585.jpg 768w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2023\/09\/GettyImages-642835292_super-1064x810.jpg 1064w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-09-25T04:51:41-04:00\">September 25, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">11 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tWhat is ERP? Enterprise resource planning explained\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n<\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A trial balance is one of the simplest tools to confirm your books are accurate before you prepare formal financial statements. Here&#8217;s what it is, how to prepare one, and what to do if the totals don&#8217;t match.<\/p>\n","protected":false},"author":1774,"featured_media":8911,"menu_order":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_is_cornerstone":"","_yoast_wpseo_meta-robots-noindex":"","_yoast_wpseo_meta-robots-nofollow":"","_yoast_wpseo_opengraph-title":"","_yoast_wpseo_opengraph-description":"","_yoast_wpseo_opengraph-image":"","_yoast_wpseo_opengraph-image-id":"","_yoast_wpseo_twitter-title":"","_yoast_wpseo_twitter-description":"","_yoast_wpseo_twitter-image":"","_yoast_wpseo_twitter-image-id":"","_yoast_wpseo_schema_page_type":"","_yoast_wpseo_schema_article_type":"","_sage_video":false,"_yoast_wpseo_focuskeywords":"","_yoast_wpseo_keywordsynonyms":"","_yoast_wpseo_primary_category":"11","sage_membership_post_content_type":"article","sage_membership_post_featured_video_id":"","sage_membership_post_video_type":"trailer","sage_membership_post_featured_video_duration":"","post_featured_image_hide":false,"sage_hide_published_date":false,"sage_hide_read_time":false,"sage_hide_share_buttons":false,"_pwl_sage_podcast_buzzsprout_src":"","footnotes":""},"categories":[16,11],"tags":[162,165,167,263,202,267],"business_type":[3,99],"lilypad":[],"context":[],"industry":[],"persona":[73,83],"imagine_tag":[34,35,49,54,67],"coauthors":[307,528],"class_list":["post-12509","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-growth-customers","category-strategy-legal-operations","tag-accounting-101","tag-bookkeeping","tag-business-intelligence","tag-midsized-business","tag-profit-and-loss","tag-small-business","business_type-small-business","business_type-medium-business"],"sage_meta":{"region":"en-ca","author_name":"Yassir Malik","featured_image":"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2022\/12\/GettyImages-1252669747.jpg","imagine_tags":{"34":"Accountants","35":"accounting software","49":"growing business","54":"Medium Businesses","67":"Small business"}},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"Sage Advice Canada English","distributor_original_site_url":"https:\/\/www.sage.com\/en-ca\/blog","push-errors":false,"_links":{"self":[{"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/posts\/12509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/users\/1774"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/comments?post=12509"}],"version-history":[{"count":4,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/posts\/12509\/revisions"}],"predecessor-version":[{"id":15156,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/posts\/12509\/revisions\/15156"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/media\/8911"}],"wp:attachment":[{"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/media?parent=12509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/categories?post=12509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/tags?post=12509"},{"taxonomy":"business_type","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/business_type?post=12509"},{"taxonomy":"lilypad","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/lilypad?post=12509"},{"taxonomy":"context","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/context?post=12509"},{"taxonomy":"industry","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/industry?post=12509"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/persona?post=12509"},{"taxonomy":"imagine_tag","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/imagine_tag?post=12509"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/coauthors?post=12509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}