Glossary
Account balance
The balance is the figure an account stands at right now: every entry on the account added up with its sign. The bank account's balance is the money in the bank, the debtor account's balance is what the customers owe in total, and the VAT accounts' balance is what has to be settled. The Danish word is saldo.
Updated 21 October 2026
What is an account balance?
An account with more debits than credits has a debit balance; that is normal for assets and costs. An account with more credits has a credit balance, which is normal for revenue, equity and debt. The bank account starts the month at 84,000 kr., 30,000 kr. comes in and 22,000 kr. goes out, and the balance is 92,000 kr.
The balance depends on the date: the balance at the start of a period is the opening balance (primo), the balance at its end the closing balance (ultimo). A balance per counterparty, for example what one customer owes, is shown on an account statement that lists every entry that led to the balance.
Account balance in Veneti
In Veneti every figure in the balance sheet is a balance, and the bank account's balance is held daily against the bank's own under Banking and coding, so a difference shows at once. The Receivables and Payables reports show an account statement per customer and supplier, and the Receivables report's bottom line reads Receivable balance.
Booked entries are shown in DKK; a voucher in a foreign currency carries its original amount and rate beside it. To see what is behind a balance, click the figure, or ask Luca.
Related terms
- Opening and closing balance: the balance at the start and end of a period.
- Reconciliation: the check that two balances agree.
- Chart of accounts: the accounts that each have a balance.