Opening balance

Meaning

Opening balance is what your business owns and owes when you first register it or what’s in the general ledger at the start of a period.

Key points

• Opening balance appears frequently in invoicing, payment handling, and bookkeeping workflows.
• The term improves clarity between clients, suppliers, and accounting teams.
• Consistent use supports cleaner documentation and better reporting quality.

Practical use

In Nexbal workflows, opening balance is used to keep invoice and payment operations structured and auditable.