- Open a dedicated page for each account up to the posting stage, including:
- The account name
- Date of creation
- Transaction details and their timing
- The total final balance
- Accounts appear in a T-account format, where:
- Debit transactions are recorded on the right side
- Credit transactions are recorded on the left side
- On the debit side, enter the debit amount and write the corresponding credit party in the description field.
On the credit side, enter the credit amount and write the corresponding debit party in the description field.
- Reconcile the accounts periodically to ensure that balances posted to the trial balance are accurate, and resolve any errors or discrepancies.
- Add up the final amounts for each account, then post them to the trial balance.