A non-profit organization can use this template spreadsheet to produce a trial balance - a record of an organization's 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. Organizations 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 an organization's accounting system, but the values of the ledger accounts can be used to produce an organization's financial statements, such as the balance sheet or income (profit and loss) statement.
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