Balance Per Bank
What Does Balance Per Bank Mean?
Balance per bank is the ending balance shown in bank’s records.
![bpb1](https://seeaccountingnow.online/wp-content/uploads/2020/05/bpb1.jpg)
How it Works
During the month, the bank will keep a record of a business’s transactions.
![](https://seeaccountingnow.online/wp-content/uploads/2020/05/bpb2.jpg)
At the outset, their records will show the business’s opening balance.
![](https://seeaccountingnow.online/wp-content/uploads/2020/05/bpb3.jpg)
Then it updates your account every time you make a deposit or withdrawal.
![](https://seeaccountingnow.online/wp-content/uploads/2020/05/bpb4.jpg)
As this happens, the running balance is updated.
![](https://seeaccountingnow.online/wp-content/uploads/2020/05/bpb5.jpg)
The ending balance is known as balance per bank.
![](https://seeaccountingnow.online/wp-content/uploads/2020/05/bpb6.jpg)
It shows how much is in the bank, according to the bank’s records.
![](https://seeaccountingnow.online/wp-content/uploads/2020/05/bpb7.jpg)
© R.J. Hickman 2020