Prepare trial accounting balances


Ensure that all transactions are recorded in the books of the company and totalise all the debits and the credits of the accounts to find out balance in the accounts.

Alternative labels

calculate trial accounting balances
prepare accounting balances for trials
make trial accounting balances ready
prepare trial accounting balance
preparing trial accounting balances
formulate trial accounting balances
prepare trial balances

Skill type


Skill reusability level


Relationships with occupations

Essential skill

Prepare trial accounting balances is an essential skill of the following occupations:

Accounting assistant: Accounting assistants record and report ticketing accounting situations to the accountant they work with, verify deposits and prepare daily reports and income. They arrange authorised refund vouchers, maintain the returned check accounts and communicate with ticketing managers concerning any ticketing systems issues.
Bookkeeper: Bookkeepers record and assemble the day-to-day financial transactions of an organisation or company, consisting usually of sales, purchases, payments and receipts. They ensure all financial transactions are documented in the appropriate (day) book and general ledger, and that they are balanced out. Bookkeepers prepare the recorded books and ledgers with financial transactions for an accountant to then analyse balance sheets and income statements.
Accountants review and analyse financial statements, budgets, financial reports, and business plans in order to check for irregularities resulting from error or fraud, and provide their clients with financial advice in matters such as financial forecasting and risk analysis. They may audit financial data, resolve insolvency cases, prepare tax returns and provide other tax-related advice in reference to current legislation.

Optional skill

Prepare trial accounting balances is optional for these occupations. This means knowing this skill may be an asset for career advancement if you are in one of these occupations.




  1. Prepare trial accounting balances – ESCO


Last updated on September 20, 2022