¶ Balances
¶ General Information
Maven Banking differentiates two main types of Balances:
- Account Balance. Represents the bank account's balance, both available and current.
- Transaction Balance. Represents the temporary or running balance caused by each transaction.
The available account balance provides a snapshot of funds accessible for immediate use. It is vital for budgeting, cash flow management, and avoiding overdrafts.
The transaction balance offers detailed insights into the money flow in and out of the account. It allows businesses and individuals to track expenses, identify trends, and detect discrepancies or fraudulent activities.
Having accurate and up-to-date balance information ensures informed financial decisions, regulatory compliance, and financial stability.
¶ Balances Overview
Each Account Balance record is linked to a Financial Institution Account. Transaction Balance is related to the specific Financial Transaction as it carries the running balance that it caused.
You can refresh balance manually on the respective Financial Institution Account record. Just click the Refresh Account Balances button.
On each Balance record, you can also find Balance sub-types defined in the Balance Type field.
The full list of such subtypes is cited in the respective section below.
If you have Multiple Currencies activated on your Org, the record's layout would differ from the Single Currency Org. In the screenshot below you can see the difference:
- There is no Currency field.
- The Amount field holds the value in the transaction currency and the calculated amount in the corporate currency.
¶ Balance Types
| Type | Description |
|---|---|
closingAvailable |
Closing balance of the amount of money that is at the disposal of the account owner on the date specified. |
closingBooked |
Account Balance at the end of the pre-agreed account reporting period. It is the sum of the opening booked balance at the beginning of the period and all entries booked to the account during the pre-agreed account reporting period. For card accounts, this is composed of - invoiced, but not yet paid entries. |
closingCleared |
Closing balance of the amount of money that is cleared on the date specified. |
expected |
Balance composed of booked entries and pending items are known at the time of calculation, which projects the end-of-day balance if everything is booked on the account and no other entry is posted. For card accounts, this is composed of - invoiced, but not yet paid entries, - not yet invoiced but already booked entries, and - pending items (not yet booked). |
forwardAvailable |
Forward-available balance of money that is at the disposal of the account owner on the date specified. |
interimAvailable |
The available balance calculated in the course of the account ’servicer’s business day, at the time specified, and subject to further changes during the business day. The interim balance is calculated on the basis of booked credit and debit items during the calculation time/period specified. For card accounts, this is composed of - invoiced, but not yet paid entries, - not yet invoiced but already booked entries. |
interimCleared |
Cleared balance calculated in the course of the account servicer's business day, at the time specified, and subject to further changes during the business day. |
information |
Balance for informational purposes. |
interimBooked |
Balance calculated in the course of the account servicer's business day, at the time specified, and subject to further changes during the business day. The interim balance is calculated on the basis of booked credit and debit items during the calculation time/period specified. |
nonInvoiced |
Only for card accounts, to be defined yet. |
openingBooked |
Book the balance of the account at the beginning of the account reporting period. It always equals the closing book balance from the previous report. |
openingAvailable |
Opening balance of the amount of money that is at the disposal of the account owner on the date specified. |
openingCleared |
Opening balance of the amount of money that is cleared on the date specified. |
previouslyClosedBooked |
Balance of the account at the previously closed account reporting period. The opening booked balance for the new period has to be equal to this balance. Usage: the previously booked closing balance should equal (inclusive date) the booked closing balance of the date it references and equal the actual booked opening balance of the current date. |
¶ Available Fields
| Field API Name | Values/Type | Description | Required |
|---|---|---|---|
Amount__c |
Currency |
Balance Amount. | true |
Balance_Type__c |
Picklist |
closingAvailable,closingBooked, closingCleared, expected, forwardAvailable, interimAvailable, inerimCleared, interimBooked, information, nonInvoiced, openingBooked, openingAvailable, openingCleared, previouslyClosedBooked |
true |
Name |
Auto Number |
Automaically generated name of the Balance record. | true |
Credit_Limit |
Number |
A flag indicating if the credit limit of the corresponding account is included in the calculation of the balance, where applicable. | true |
Currency__c |
Picklist |
Three-letter alphabetic code representing balance currency (ISO 4217). | false |
Financial_Institution |
Lookup |
Related Financial Institution Account. | false |
Is_Active_Account |
Checkbox |
Flag that indicates Active Account Balance. | true |
Last_Change |
Date/Time |
Indicates e.g. with the expected or booked balance that no action is known on the account, which is not yet booked. | false |
Last_Committed |
Lookup |
Related Financial Transaction. | false |
Reference_Date__c |
Date |
Indicates the date of the balance. | false |
| Financial_Institution | Text | Related Financial Institution Account ID. | false |
| Last_Committed | Picklist | Related Financial Transaction ID. | false |
| RecordTypeId | Lookup | Represents SF balance record type: Account Balance or Transaction Balance | false |