book balance
[/bʊk ˈbæləns/]
nounpl: book balances
saldo contábil
1. The balance of an account as shown in the accounting records or ledger of a business, before reconciliation with bank statements or other external documents
The book balance showed $5,000 in the checking account, but we need to reconcile it with the bank statement.
O saldo contábil mostrava $5.000 na conta corrente, mas precisávamos reconciliá-lo com o extrato bancário.
2. The amount of cash or account balance recorded in a company's books of account
After reviewing the transactions, the book balance did not match the actual bank balance.
Após revisar as transações, o saldo contábil não correspondia ao saldo bancário real.
In Brazil, 'saldo contábil' is essential terminology in financial and accounting practices, particularly during month-end reconciliations and audits. The concept is critical in both personal and corporate banking contexts, where discrepancies between book balance and bank balance are common and require investigation. In the USA, 'book balance' is standard accounting terminology taught in business schools and used universally in corporate finance departments.
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