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23-11-2023 08:22 AM
A running balance refers to the current available balance in an account after taking into account all pending and completed debit transactions. It's an ongoing calculation that reflects the real-time status of your account funds.
When a debit order is initiated, it's not immediately deducted from your account. Instead, it's marked as pending, and the running balance is adjusted accordingly. This means that the running balance provides a more accurate picture of your current available funds, considering both withdrawals that have already cleared and those that are still processing. *Play basketball stars unblocked game whenever you want*
The running balance is particularly useful for managing your finances and avoiding overdrafts. By keeping track of your running balance, you can ensure that you have sufficient funds to cover upcoming debit orders and avoid incurring overdraft fees.
28-07-2017 11:38 AM
Hello @Heinrich1
The running balance includes all reconciled transactions, as well as any unreconciled Spend Money and Receive Money transactions. Now you get the full picture of your cash position based on future transactions.When the balance is greyed out, it indicates the transaction is in the future.
Future dated transactions do not affect your “Balance", which always show as at today’s date. However, it is helpful to see what spending is coming up, like a batch payment that is going to be paid in a few days time for example. Note that the Running Balance will only show when the page is sorted by date (which is the default).
I trust this will be helpful and give you a clear indication to your question of "running balance".
Regards,
Boitumelo
27-07-2017 08:29 PM