How to Check if the Accounts are Correct Using the General Ledger Balance Sheet?

[Clarence]

Open the accounting file, input the conditions, confirm, and open the general ledger balance sheet. Compare the balances in the general ledger balance sheet with the actual inventory balances to identify any discrepancies, such as cash, bank accounts, inventory balances, etc. Some accounts may not have balances. At the end of the period, you can check the general ledger balance sheet to ensure all accounting processes are complete. Identify and rectify omissions. The fluctuations should not be significant. Before generating reports, compare the general ledger balance sheet with the previous month to confirm if any expenses were omitted.