For those of you whose fiscal year runs July 1 to June 30, July is probably your fun audit month. Once your audit is complete, there are some things you need to do before actually closing the fiscal year. The process includes creating, printing, and comparing the Trial Balance, Income Statement, Balance...

Hey blog readers! Nothing is more frustrating when you run your Balance Sheet and the bottom line is out-of-balance . So here you are with an out of balance Balance Sheet that you need to have to your board in an hour, or, even worse, an hour ago. What should you do? Well, the first thing is don't...