Final answer:
When setting up a QB file, it's important to match the trial balance figures against real-world financial documents like bank and credit card statements to ensure accuracy in bookkeeping and financial reporting.
Step-by-step explanation:
Once the QB file has been set up, typically the balances that should match are the trial balance figures against your bank statements, credit card statements, and any other balance sheet accounts. It is essential to ensure that your starting balances in QuickBooks align with the real-world figures to maintain accurate accounting records. This process is known as reconciliation and is a critical step for accurate bookkeeping and financial reporting. Common accounts to review include cash, accounts receivable, inventory, accounts payable, and any loan balances. Starting the QB (QuickBooks) file with the correct balances sets a solid foundation for recording future transactions.