What a lead schedule shows
| Column | Purpose |
|---|---|
| Account | Each ledger account in the area |
| Prior year | Audited or reviewed prior-year balance |
| Current year per TB | Unadjusted balance from the trial balance |
| Adjustments | Proposed or recorded adjustments, with references |
| Current year final | Adjusted balance |
| W/P reference | Link to the detailed workpaper |
Tick marks show what has been agreed, for example to the trial balance or to a bank statement, and a legend explains each one.
Why it matters
The lead schedule lets a reviewer see an entire area at a glance, check that it ties to the trial balance and the financial statements, and jump to the support for any balance.
General information only, not legal, tax, audit or professional-conduct advice. Rules, standards and software features change, so confirm the position that applies to your firm before you act. See our disclaimer.
