Closing Balance: Definition and additional resources from BNET
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BNET Business Dictionary

Business Definition for: Closing Balance

  • the amount in credit or debit in a bank account at the end of a business day
  • the difference between credits and debits in a ledger at the end of one accounting period that is carried forward to the next

Additional Resources

Trial Balance Worksheet
Whatever kind of business you run, you have to close your books at least once a year to prepare an income tax return - or more frequently, if you want to get a better handle on how your business is doing. An important part of closing your books is preparing...
Tags: Office Depot Inc., Trial, Productivity, Taxes, Financial Planning, Finance
Tools & templates 2004-03-01
"The Zen of PM : Balancing Work, Play and the Rest of Your Life
"The article is about the project management that requires a good balance to be maintained. We can think of balance in two ways. One is static, like a balance scale. In static balance there are strict boundaries and elements are put in opposition to one another. Once the...
Tags: Zen, Balance, Project Management, Tools & Techniques, Strategy, It Operations, It service Management, Management
White papers 2003-01-01
Understanding Balance Sheets
In order to make an informed investment decision, you should review a company's balance sheet. Let's look at what a balance sheet entails. The balance sheet is one of the most important financial statements of a company. It is reported to investors at least once per year. It may also...
Tags: Balance Sheet, Balance Sheets, Financial Statements, Financial Accounting, Finance
White papers 2003-01-01
Balance Sheet Template
A balance sheet is a financial "Snapshot" of your business at a given date in time. It includes your assets and liabilities and tells you your business's net worth. You've probably seen a formal balance sheet for other businesses, or have paid an accountant to do one for yours. If...
Tags: Office Depot Inc., Balance Sheet, Balance Sheets, Financial Statements, Financial Accounting, Finance
Tools & templates 2004-03-01
Real Estate by the Numbers: Closing Costs
Understanding the closing costs involved in one's transaction is essential. For most new investors, this is one category that seems to be hard to pin down until one gets to the closing table. If unforeseen costs arise at the table, it can make for a very bad day. As an...
Tags: EzineArticles.com, Financial Accounting, Real Estate, Finance, Business Operations
White papers 2005-12-21
Analyzing Company Reports: Understanding Balance Sheets
In this section, we learn the importance of balance sheets to you as an investor. It covers what they represent, how to understand them and how they are presented. We will also provide some useful equations and an example of a balance sheet. In order to make an informed investment...
Tags: Balance Sheet, Balance Sheets, Financial Statements, Financial Accounting, Finance
White papers 1999-01-01
The Sales Manager's Precarious Perch
Sales managers are the high-wire acts of the business world. They are constantly striving to strike the perfect balance between meeting immediate needs and future goals, between closing sales and mentoring new stars, between setting strategy and assuring its implementation. Each step is fraught with risk and rich with potential...
Tags: Sales Manager, Sales Strategy, Sales Force Management, Strategy, Sales, Management
White papers 2003-08-26
How Do Closing Costs Impact My Interest Rate?
If you choose to finance your closing costs, the monthly loan payments will be higher than if you had paid the closing costs out-of-pocket. In order to help borrowers compare loans, lenders use a standard calculation called Annual Percentage Rates APR which takes into account the closing costs. Use this...
Tags: Cost, Interest Rate, Financial Planning, Financial Services, Operational Accounting, Financial Accounting, Finance
Tools & templates 2008-01-01
The Balance Sheet
The balance sheet portrays the precise financial position of an organization. It contains details about all the organizational expenditures and income. The balance sheet displays the dynamics of assets and liabilities of the organization. Several factors and considerations go in the making of the final balance sheet. The paper examines...
Tags: Balance Sheet, Balance Sheets, Financial Statements, Financial Accounting, Finance
Presentations 2003-01-01
Balance-Sheets
It has been found out that in any orgnisation Balance Sheet plays a very critical tole to determine the success of the organistion. But a very imporant question which arises is that what is a balance sheet? The balance sheet is a statement of your company's relative wealth or financial...
Tags: Financial, Balance Sheet, CCH, Balance Sheets, Financial Accounting, Financial Statements, Finance
White papers 2003-01-01
Solvency, the Adjusted Balance Sheet Method and the Unfortunate Paris Hilton
What does Paris Hilton have in common with the evaluation of debtor solvency under $101(32)A's "Balance Sheet Test"? About as much as debtors' balance sheets. Despite the courts repeatedly characterizing the Balance Sheet Test a "misnomer," many solvency opinions continue to assess solvency using the debtors' balance sheets. Although these...
Tags: balance sheet, Hilton Hotels Corp.
Research articles 2007-06-01
Three Strategies for Better Work-Life Balance
Three Strategies for Better Work-Life BalanceRE: Three Strategies for Better Work-Life BalanceHaving a prayerful life will help you achieve this balance. try out http://www.sacredspace.ie/RE: Three Strategies for Better Work-Life Balancethe less possessions you have, the less stress you have and the more time you gain. :)Strategies for Better Work-Life BalanceA...
Tags: Better Work-Life Balance, strategy
Discussion threads 2008-09-19
Retirement plans: More water tossed on traditional DB plan.(Outlook 2005)
Byline: Phyllis Feinberg The defined benefit pension world got another blow when International Business Machines Corp., White Plains, N.Y., announced in December that it was closing its cash balance plan to employees joining the company after Jan. Byline: Phyllis Feinberg ...
Tags: benefit, benefit plan, company, defined contribution plan, IBM Corp., Microsoft Outlook
Research articles 2005-01-10
Letters
NORAD NOTES Gazette report requires clarification I would like to correct inaccuracies in The Gazette's June 15 article, "Closing NORAD may cost $12B." I would like to provide readers much-needed information that adds some balance to the discussion about Cheyenne Mountain. ...
Tags: FINANCE, Investment, North American Aerospace Defense Command, SOFTWARE
Research articles 2007-06-19
Finding Balance
Most people, despite their best efforts, are not able to find solution to miniscule problems. In association management, where people have to face a crisis almost everyday, it is hard to strike a balance in life. Thus, creating the right balance between personal and professional lives becomes an unrelenting challenging....
Tags: Center For Association Leadership, Balance
White papers 2000-01-01
Re: NCE Resources Group raises $16.1 million in oil and gas development partnerships
TORONTO, ONTARIO--BUSINESS WIRE--May 31, 1995--NCE RESOURCES GROUP Two offerings by NCE Resources Group, one of Canada's largest direct oil and gas investment management companies, have raised $16.1 million at their initial closing.NCE Oil and Gas (1995) Fund, which completed its first closing May 19th, accounts for $12.8 million of the...
Tags: Business Wire, Fax, FINANCE, Taxes, Toronto
Research articles 1995-05-31
Balance Sheet And Owners’ Interests
The balance sheet portrays the precise financial position of an organization at a particular point of time. It contains details about all the organizational expenditures and income. The balance sheet consists of three elements viz. assets, liabilities, and owner’s equity. The paper examines issues involved in the preparation of the...
Tags: University Of Kentucky, Balance Sheet, Balance Sheets, Financial Statements, Financial Accounting, Finance
Presentations 2003-01-01
Schulman shutting Texas site.(News)(Brief Article)
Byline: Frank Esposito After more than 40 years of operation, A. Schulman Inc.'s plant in Orange, Texas, is closing. The move - to be completed by Aug. 31 - is part of the Fairlawn, Ohio-based compounder's effort to balance its production capaci...
Tags: Orange PCS
Research articles 2003-04-14
How Will Rate Changes Affect My Balance?
The calculator shows the change in your credit card balance after one year, based on current use and the card's interest rate. If you charge more than you pay, your card balance increases. If your monthly payment is less than the periodic interest owed, unpaid interest is added to your...
Tags: Card, Kiplinger Washington Editors
Tools & templates 2008-01-01
Cash Balance Issues Clarified
The Internal Revenue Service and Treasury Department released proposed regulations in December that, if accepted, will clear up the long-debated controversy over cash balance plans. Cash balance plans are technically defined benefit DB plans but act more like defined contribution plans in that contributions from the employer are based on...
Tags: Benefits, Government, Internal Revenue Service, Regulations, U.S. Department of Treasury
Research articles 2003-01-02
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