Man on computer, incorrect region
This offer isn't available for your region.
Please update your region or go to the site.
Change region
Switch to
Your region is set to and your language is . Edit preferences

Choose your...

Country Language
Man on computer, alternate region
Looking for our site?
We have more specific product offerings on our site.
Stay on
Switch to
Your region is set to and your language is . Edit preferences
70% off
for 3 months Buy now
FINAL DAYS!
Buy now
Buy now
70% off
for 3 months Buy now
SALE Save 70% for 3 months Buy now
Get your
business
organised Buy now
DON'T MISS OUT
Buy now and get 70% off for 3 months Claim offer
DON'T MISS OUT
Claim offer
SALE
Buy now and
save 50% off today See plans + pricing
SALE
See plans + pricing
50 %off for 3 months
50 %off for 12 months
  • Invoices
  • Expenses
  • Reports

What is an opening balance?

Opening Balance (definition)

An opening balance is:

  • The amount of money in a bank account when it is opened, OR
  • The amount of money in a company's account that is brought forward at the start of an accounting period.
Go Back to Glossary

Related articles

Image Alt Text
Accounting and bookkeeping

Accounting definition: How to master the basics, 20+ concepts & 3 free spreadsheets

Read more
Image Alt Text
Financial reports

General Ledger: Meaning, Classification, and Examples

Read more
Image Alt Text
Financial reports

Bank Reconciliation: Purpose, Example, and Process

Read more
Ready to run your business better with QuickBooks Online?