Account Closing Balance
Stored balances per account, cost center and dimension at each closing, so later years open faster. No ledger effect.
In detail
Account Closing Balance rows are a snapshot of every account's balance, per cost center and accounting dimension, written by the Period Closing Voucher at the fiscal year end. Reports for later years read their opening balances from these rows instead of adding up every GL Entry since the company began, which keeps the Balance Sheet and Trial Balance fast as the ledger grows. They are not GL Entries and post nothing; cancelling the Period Closing Voucher removes them. The Debtors - YFF row at Ashadh end 2083 shows what customers owed when the year closed. If a report's opening balance looks wrong, the closing voucher of the prior year is the first place to check.
Formula
Closing balance = Sum of GL Entry debits - credits on the account up to the year end date
How to record it in BRAccount
- 01Search Account Closing Balance in the search bar and open the list.
- 02Filter by Company and the Period Closing Voucher of the year.
- 03Read the Debit and Credit columns per account and cost center.
- 04Compare with the Trial Balance as at the year end date; they must agree.
- 05To refresh them, cancel and resubmit the Period Closing Voucher.
When to use it
Read only; written by the Period Closing Voucher.
Example from the demo books
Debtors - YFF closing balance at Ashadh end 2083.