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Enterprise glossary and term center
Research and understand all the intricate terms and definitions that surround the ecosystem of enterprise resource planning (ERP), enterprise software and no-code tools.
- Enterprise terms
- Balance on Hand
- What is a balance money?
Balance on Hand - What is a balance money?
In banking and accounting, the Balance is the amount of money owed, (or due), that remains in a deposit account. In bookkeeping, “balance” is the difference between the sum of debit entries and the sum of credit entries entered into an account during a financial period.
