What Is Worksheet In Accounting. In accounting a worksheet or also known as extended trial balance is a business form containing multiple columns that is sometimes prepared in the concluding stages of accounting cycle. Normally an accounting worksheet will contain the following information.
An accounting worksheet is a tool used to help bookkeepers and accountants complete the accounting cycle and prepare year end reports like unadjusted trial balances adjusting journal entries adjusted trial balances and financial statements. Accounting worksheets are most often used in the accounting cycle process to draft an unadjusted trial balance adjusting journal entries adjusted trial balance and financial statements. For preparing accounting worksheet you must follow 8 simple steps to verify accounting information accuracy before preparation of financial statements.
Typically created in spreadsheet format it provides a detailed analysis of the business s financial transactions.
An accounting worksheet is a spreadsheet used to prepare accounting information and reports. Accounting worksheets are most often used in the accounting cycle process to draft an unadjusted trial balance adjusting journal entries adjusted trial balance and financial statements. For preparing accounting worksheet you must follow 8 simple steps to verify accounting information accuracy before preparation of financial statements. In accounting a worksheet often refers to a loose leaf piece of stationery from a columnar pad as opposed to one that has been bound into a physical ledger book from this the term was extended to.