opening balance


Also found in: Acronyms.

Opening Balance

The amount of funds in an account at the beginning of a period, especially a month or year. For example, if one has a bank account with a balance of $1236 at the end of August, this becomes the opening balance for the beginning of September.

opening balance

The balance in an account at the beginning of a period.
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If the opening balance is established prior to the successful implementation of a U.
The opening balance of the electronic cash ledger and the electronic credit ledger is also considered while calculating the GST dues for a month.
According to ministry officials, it has also been observed that the opening balance for the financial year 2015- 16 reflected in IMIS differs from the closing balance reported in the unit closing for the year 2014- 15.
Metro's fixed-rate accounts are available in branches and online with a minimum opening balance of PS500.
While this might not cause a problem for the opening balance, it definitely makes the closing balance too high.
5 bln euros in ELA support funds, was handed a provisional opening balance sheet by the Central Bank of Cyprus last week with about 13.
The bond, which matures on July 31, 2013, is available with a minimum opening balance of pounds 1,000.
Although the minimum opening balance is pounds 3,000, interest paid from pounds 1 is tiered at pounds 10,000 and paid on the anniversary of the account opening and at maturity.
The "BuBa" Kids is a savings account for children up to 14 years old, with minimum opening balance of KD10 ($36.
We also compound the $600,000 opening balance out for five more years at 6 percent.
0 million tons in Rabi in 2010-11 (Oct 2010 to March 2011) and opening balance is 0.
We've teamed up with West Bromwich Building Society to give Sunday Mercury readers the chance to win one of four Branch Bonus (Issue 2) Accounts, complete with an opening balance of pounds 250.