Ads end in 20 seconds
This content is free thanks to our sponsors
Sponsored Ad – I may earn a commission if you click and buy
Accounting
Post-Closing Trial Balance
The final trial balance prepared after all closing entries are made — it should contain only permanent accounts with zero balances in all temporary accounts.
This is the last check before starting the new year. If it balances and has no temporary accounts, you're ready to open the books for January 1.It's like the final score sheet after the game is completely over and the scoreboard has been reset for the next match.
Real world: After everything is closed on December 31, the post-closing trial balance shows only assets, liabilities, and equity accounts — all revenues and expenses are now zero.
💡 A clean post-closing trial balance is your proof that the year is officially finished and the new year starts with a fresh, correct set of numbers.