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 consideration and premium are subject to an adjustment based on final closing balances.