Bank Account (Ledger)

Definition

The tracked cash balance from which withdrawals are made and into which deposits arrive. Each account's running balance equals opening balance plus all linked transactions.

Formula

Balance = Opening balance + Σ deposits - Σ withdrawals

Worked Example

Operating account, June:

Opening balance              $620,000
Deposits (revenue)           +$86,500
Withdrawals (costs paid)    -$106,500
                            ---------
Closing balance              $600,000

Interpretation & Pitfalls

Reconcile the computed balance against the real bank statement monthly; unexplained differences mean missing or duplicated transactions.

In TupicFinance

Bank accounts are first-class objects; Pay Now flows debit them directly and balances feed cash dashboards.