Account Balance
Overview
Below is a business‑focused explanation of the Account Balance report, written for practical use within Dafater.
Account Balance Report – Business Overview
What Business Information This Report Provides
The Account Balance report shows the current and historical balances of your bank accounts recorded in Dafater.
It helps the business understand how much money is available in each bank account at a specific point in time, based on posted financial transactions.
In simple terms, it answers: - How much cash do we have in each bank account? - What was the balance during a specific period?
When and Why to Use This Report
You should use the Account Balance report when you need to: - Monitor available cash across bank accounts - Support daily cash management and treasury planning - Verify bank balances before making payments - Review balances for month‑end or year‑end closing - Assist management in liquidity and cash flow decisions
This report is especially useful for finance managers, accountants, and business owners who need a quick and reliable view of bank positions.
Key Columns and Their Business Meaning
While the exact layout may vary, the report typically includes:
Bank Account
Identifies the specific bank account held by the business.
Business value: Helps compare balances across different banks or currencies.Opening Balance
The balance at the beginning of the selected period.
Business value: Shows the starting cash position.Debit (Money In)
Total incoming funds such as customer receipts or transfers.
Business value: Indicates cash inflows during the period.Credit (Money Out)
Total outgoing payments such as supplier payments, salaries, or expenses.
Business value: Shows how much cash was spent.Closing Balance
The balance at the end of the selected period.
Business value: Represents available cash after all transactions.
Available Filters and Their Business Purpose
Common filters in the Account Balance report include:
Bank Account
Focuses the report on one or more specific bank accounts.
Purpose: Useful when reviewing a particular bank or currency.Company
Displays balances for a selected legal entity.
Purpose: Essential for businesses managing multiple companies.From Date / To Date
Defines the reporting period.
Purpose: Allows comparison of balances over time (monthly, quarterly, yearly).Currency (if applicable)
Filters balances by currency.
Purpose: Helps manage foreign currency accounts and exposure.
How to Interpret the Results for Business Decisions
High closing balance:
Indicates strong liquidity and capacity to fund operations or investments.Low or negative balance:
Signals potential cash flow risk and the need to delay payments or arrange funding.Large differences between opening and closing balance:
Suggest significant cash movement, prompting review of major inflows or expenses.Comparing multiple bank accounts:
Helps optimize cash distribution and reduce idle funds.
Common Use Cases and Scenarios
- Daily cash monitoring to ensure sufficient funds for planned payments
- Month‑end financial review to confirm bank balances before closing books
- Management reporting to show cash position to leadership
- Audit and compliance checks to reconcile internal records with bank statements
- Treasury planning to decide on transfers between bank accounts
Summary
The Account Balance report in Dafater is a critical cash management tool. It gives a clear, reliable view of bank balances, supports informed financial decisions, and helps maintain control over the company’s liquidity at all times.
Report Information
- Module: Accounts
- Related DocType: Bank Account
- Report Type: Script Report
- Standard: Yes