Balance Per Bank
What Does Balance Per Bank Mean?
Balance per bank is the ending balance shown in bank’s records.
How it Works
During the month, the bank will keep a record of a business’s transactions.
At the outset, their records will show the business’s opening balance.
Then it updates your account every time you make a deposit or withdrawal.
As this happens, the running balance is updated.
The ending balance is known as balance per bank.
It shows how much is in the bank, according to the bank’s records.
© R.J. Hickman 2020