Closing Balance

(redirected from Closing Balances)

Closing Balance

The balance of a bank account at the end of a period, such as a month or year. If the closing balance is listed on a bank statement, it indicates the closing balance on the date the statement was printed.
References in periodicals archive ?
Table 2 in Exhibit 1 shows the FY2017 opening and closing balances and the FY2018 opening balance for Company Z if it adopts the new FASB guidance on the last day of FY2017.
Table 3 on Exhibit 1 shows the FY2017 opening and closing balances and the FY2018 opening balance for Company Z, if it adopts the new guidance on the first day of FY2018.
51m) before transaction costs and deferred consideration fair value adjustments together totalling approximately GBP 15m, and before other relevant movements in closing balances.
When you first create the chart, the opening and closing balances are shown as increases.
Rows 2-13 are the increase or decrease for each month, and Row 14 is the closing balance.
Here are the steps to mark the closing balance as a Total:
Click once on the Closing balance column to select only that data point.
Each of the entities would retrieve their bank balances online or via manual bank statements, head office would then consolidate the bank balances and the previous closing balances would only be generated on the second day.
The level is forecast for a slight drawdown in the current year, with closing balances estimated at 10.
The consideration and premium are subject to an adjustment based on final closing balances.
The weak trend has continued, leading to a large reduction in the stabilization reserve, but its closing balances at June 30, 2003, was a little better than expected and the budget for fiscal 2004 maintains this level.
Financial operations in recent years have featured tax reductions and expenditure control; closing balances have been considerable, reflecting both nonrecurring actions and stronger-than-expected revenue collections.