An advertising and media company can use this template spreadsheet to produce a trial balance - a record of a business' general ledger accounts. The trial balance consists of a list of each and every ledger account and the debit balance or credit balance for each account. Companies typically prepare trial balances periodically, usually at the end of a reporting period. The trial balance is an extremely useful worksheet. Not only can it serve to detect any mathematical or bookkeeping errors in a company's accounting system, but the values of the ledger accounts can be used to produce a company's financial statements, such as the balance sheet or income (profit and loss) statement.
[COMPANY NAME] Trial Balance [Date] Account Type Debit Credit Checking Account Bank - Petty Cash Bank - Accounts Receivable Accounts Receivable - Grants Receivable Accounts Receivable - Prepaid Insurance Other Current Asset - Employee Advances Other Current Asset - Audio/ Digital Inventory Other Current Asset - Furniture and Equipment Fixed Asset - Accumulated Depreciation Fixed Asset - Computer and Projection Equipment Fixed Asset - Accumulated Depreciation Fixed Asset - Vehicles Fixed Asset - Accumulated Depreciation Fixed Asset - Buildings/ Studio Space Fixed Asset - Accumulated Depreciation Fixed Asset - Land Fixed Asset - Security Deposits Intangible Asset - Accounts Payable Accounts Payable - Business Credit Cards Credit Card - Advance Customer Payments Other Current Liability - Sales Tax Payable Other Current Liability - Payroll Liabilities Other Current Liability - Car Loan Payable Long Term Liability - Equipment Leases Long Term Liability - Shareholder's Loan Long Term Liability - Opening Balance Equity Equity - Capital Stock Equity - Dividends Paid Equity - Owners Draw Equity - Retained Earnings Equity - Operating Income Income - Commission Income Income - Grants Awarded Other Income - Royalties Other Income - Interest Income Other Income - Direct Labor Cost of Sales - Subcontractors Cost of Sales - Sales Commissions Cost of Sales - Media Purchased for Clients Cost of Sales - Property Rental/ Permits Cost of Sales - Direct Travel Costs Cost of Sales - [COMPANY NAME] Trial Balance [Date] Account Type Debit Credit Advertising and Promotion Expense - Automobile Expense Expense - Bank Service Charges Expense - Business Licenses and Permits Expense - Charitable Contributions Expense - Computer and Internet Expenses Expense - Continuing Education Expense - Depreciation Expense Expense - Dues and Subscriptions Expense - Foreign Exchange Gain or Loss Expense - Insurance Expense Expense - Interest Expense Expense - Meals and Entertainment Expense - Miscellaneous Expense Expense - Networking/ Bus. Development Expense - Office Supplies Expense - Payroll Expenses Expense - Postage and Delivery Expense - Printing and Reproduction Expense - Professional Services (Legal, Accounting) Expense - Property Tax Expense - Rent Expense Expense - Repairs and Maintenance Expense Telephone Expense Expense - Travel Expense Expense - Utilities Expense - Website Development Expense - $ - $ -
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