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Transform a Trial Balance into a Balance Sheet ⚖️

The Financial Controller 65 views

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Please explain slowly Don't fast
Comment from : @meghakadam5373

thank you so much for such a helpful video 👍👍👍👍👍
Comment from : @danyang4094

I believe it is not appropriate to lump accrued vacation liability with deferred rent as both items are not similar, the accrued vacation liability should have its separate line as deferred rent
Comment from : @frankfei9130

Wish you show the function without hiding it from the top
Comment from : @DailyDose-ow2nn

very useful thanks
Comment from : @hankthor24

what do i do if the checking doesnt equal to zero?
Comment from : @altheadominique8080

can you please send me the trial balance
Comment from : @JuanVargas-s6z

Question: why not use QB’s Balance sheet? brI absolutely receive so much value and uh huh moments from your videos and online classes Thank you!
Comment from : @lorrk1239

Amazing content, many thanks from London!
Comment from : @SD-lb7fo

Sir,may I know why can I use the values from Balance sheet into Double Entry opening balance?😢😢
Comment from : @winnieexol6289

Thank you for explaining, this is what you call a real instructor it helps me understand clearly unlike my instructor
Comment from : @sadnessperson8011

Hi great video Can I ask why is Accrued expenses Credited ? I thought Expense was a debit account
Comment from : @WW-yf6of

Great video Sorry can’t see the sumif formula for accounts receivable can you type it here? Thanks
Comment from : @Jesusislord930

the debits did not equal credits and what's a plug ?
Comment from : @Emileny96

can't download excel file :(
Comment from : @mariampkhaladze2154

Thank you very much
Comment from : @abedelrahmanabdo2967

Hi Bill, May I know why the Deferred Commission is categorized under assets instead of Liabilities? Please let me know
Comment from : @srisridaran05

I can’t see the excel sheet link sir
Comment from : @innocentihesikoma8829

This content is very relevant to my current and previous courses Thanks for instructions on how we create balance sheets for my Business! I look forward to learning more from your videos!
Comment from : @keauntaedgrace427

Do you have one of these videos in how to creat income statement and statement of cash flows?
Comment from : @Ryanpeech

I love your contents They are very educative Please, I have the totals of both sales and COGS figures differ in balance sheet and trial balance in the QuickBooks The figures in the Trial Balance only shows total figures for both sales and COGS for only November and December instead of January to December What could be responsible for these differences and how do I correct them?
Comment from : @akandemichael3382

Thank you 😊
Comment from : @mokh7782

Awesome InfoLove, Love, LoveThank you soo much!!!
Comment from : @tanyarolle8001

Love your content!! I'm a CPA as well but my focus has been on business processes, internal audit, and ERP admin/implementations I'm finally getting into actual accounting and your videos have really helped!!
Comment from : @MichelleDiaz-t4j

The link to the excel file is the month end close checklist :( I'd love to have the excel file you're working with! Perhaps it's because I downloaded the financial close checklist from that video? Are we limited to one? Hmm
Comment from : @MichelleDiaz-t4j

Good video Thanks !
Comment from : @Gorskiszlak

If I take, this controller academy course ,Can i get the exposure of SAP books ??
Comment from : @cagopalmsrinivas7133

Awesome content Thank you much!!
Comment from : @SmkeDatKush

The best mentor!
Comment from : @_pingu00

Hello sir which one is more flexible accounting or finance please I’m confused ?
Comment from : @saoud2024

Very nice & Thank you for your support
Comment from : @mohammadkamran9727

Good accounting principles refresher! 👍
Comment from : @404TRUCKERTV

Superb and thank you so much
Comment from : @apnalawcollege3071

Min 724if the Retained Earnings on the Balance Sheet does not equal the difference between the Debit & Credit on the Trial Balance, what should we dothanks
Comment from : @tonib4701

I'm a newer accountant and doing 2022's work paper for our management firm It's my first time running through and tying down each account For the most part I am doing well What is a little confusing to me is that our Cobra Account needs to itemized by individual and plan Can you fo over a work paper and explain Cobra?
Comment from : @thegreatestadvice88

Will you please consider making a video on the career path you would recommend for those students who want to gain practical education and work experience to ultimately prepare themselves for starting and growing their own firm? I would really appreciate this kind of video since most accounting videos focus on becoming the best employee wo discussing a strategy for developing an end goal of preparing oneself to become self employed Thankyou!
Comment from : @tw2800

please make a video or course on Hedge accounting
Comment from : @mariahussain8090

Good morning brDo you have a video with differences between USGAAP and IFRS? Thanks for sharing your knowledgebrGreetings from Bogotá Col
Comment from : @nelsongarzoncortes6030

Great brilliant br🇦🇴🎉
Comment from : @zekassiala8944

Thank you for sharing😊
Comment from : @LadyALCO

This isn't necessarily related and maybe is personal to many accountants Absolutely it is a rewarding career brbrBut Bill, how do you stop a revolving door department? What options are there? A consulting firm that can manage complex bottlenecks Imagine a growing company that goes through a system conversion that isn't understood well by other departments And they are perhaps behind by 2-3 accounting periods They haven't closed those periods brbrI think this topic is probably a lesson for controllers and I know you like to help those new to the profession But it can be very complex while also being simple It can sometimes be a matter of there not being enough hours in the day or resources in the department You work for a midsized company What do you think a hypothetical company that outgrew its accounting framework should do? This is so common in startups The accounting function is very important to the success of any entity, needless to say
Comment from : @Chironex_Fleckeri

Thanks again for sharing humbly your knowledge with us I would like to know how can I judge if the amount of retained earnings/ loss is logical compared to the amounts that I have on my BS
Comment from : @khaoulamahir6750

Thank you
Comment from : @mohamadh2295

I want to know brHow to make a cash flow statement from balance sheet and income statement
Comment from : @Mohamed-km9jd

Thank you ! Hopefully you make more videos like these as well as data analytics in forms of financial workbrThanks a bunch!
Comment from : @harryvuong638