What is ‘Balance Reporting’
A report by a bank to a customer, normally a company or organization, informing the customer of the balances in their accounts. These real-time reports are key to the customer’s cash-management program, especially for companies with far-flung operations and banking relationships in many countries.
Explaining ‘Balance Reporting’
Balance reporting used to be done on a daily basis, but now companies can often access their current account information at any time. Customers can also now export the data for queries in other applications.
Further Reading
- On the balance sheet-based model of financial reporting – meridian.allenpress.com [PDF]
- Firms' off‐balance sheet and hybrid debt financing: Evidence from their book‐tax reporting differences – onlinelibrary.wiley.com [PDF]
- Household financial management: The connection between knowledge and behavior – heinonline.org [PDF]
- Balance-of-Payments Crises in the Developing World: Balancing Trade, Finance and Development in the New Economic Order – heinonline.org [PDF]
- Fundamental issues related to using fair value accounting for financial reporting – search.proquest.com [PDF]
- The impact of inside ownership concentration on the trade-off between financial and tax reporting – www.jstor.org [PDF]
- Why governments should produce balance sheets – onlinelibrary.wiley.com [PDF]
- Effects of adoption of international financial reporting standards in Belgium: the evidence from BEL-20 companies – www.tandfonline.com [PDF]
