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cash balance noun [U]. âº the âamount of âmoney a âcompany has in its âbank âaccount at a particular âtime: The âcompany âreported a âcash âbalance of Â£335m at the end of the second âquarter. See also. target cash balance.
The Cash Book Opening Balance is any money to hand (but not in the bank) at the time of starting to use the system. It would typically be the total of cash, cheques etc. received from customers but not lodged by the first of the month you start to use the system.