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  2. Free Accounting Tools for Small Businesses

    www.aol.com/free-accounting-tools-small...

    Here are 10 free accounting tools (and one affordable paid solution with a 30-day free trial) you can try in your small business. [ Read more: A Guide to Small Business Accounting ] Wave

  3. Trial balance - Wikipedia

    en.wikipedia.org/wiki/Trial_balance

    The debit balance values will be listed in the debit column of the trial balance and the credit value balance will be listed in the credit column. The trading profit and loss statement and balance sheet and other financial reports can then be produced using the ledger accounts listed on the same balance.

  4. Trailing twelve months - Wikipedia

    en.wikipedia.org/wiki/Trailing_twelve_months

    Trailing twelve months (TTM) is a measurement of a company's financial performance (income and expenses) used in finance.It is measured by using the income statements from a company's reports (such as interim, quarterly or annual reports), to calculate the income for the twelve-month period immediately prior to the date of the report.

  5. Balance sheet - Wikipedia

    en.wikipedia.org/wiki/Balance_sheet

    In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity.

  6. Double-entry bookkeeping - Wikipedia

    en.wikipedia.org/wiki/Double-entry_bookkeeping

    However, as can be seen from the examples of daybooks shown below, it is still necessary to check, within each daybook, that the postings from the daybook balance. The double entry system uses nominal ledger accounts. From these nominal ledger accounts, a trial balance can be created. The trial balance lists all the nominal ledger account balances.

  7. Chart of accounts - Wikipedia

    en.wikipedia.org/wiki/Chart_of_accounts

    Accounts are used in the generation of a trial balance, a list of the active general ledger accounts with their respective debit and credit balances used to test the completeness of a set of accounts: if the debit and credit totals match, the indication is that the accounts are being correctly maintained. However, a balanced trial balance does ...

  8. LedgerSMB - Wikipedia

    en.wikipedia.org/wiki/LedgerSMB

    Balance sheet; Trial balance. quotations and order management. time tracking. invoicing capabilities (mailing, printing), with invoices based on: orders (which in turn can be based on quotations) shipments; time cards. inventory tracking, with activity reports. fixed assets. full separation of duties for invoices and GL transactions.

  9. Bookkeeping - Wikipedia

    en.wikipedia.org/wiki/Bookkeeping

    Finally financial statements are drawn from the trial balance, which may include: the income statement, also known as the statement of financial results, profit and loss account, or P&L; the balance sheet, also known as the statement of financial position; the cash flow statement