Meaning & use

balance brought forward

noun·Academicbusinessfinance

Last updated

UK/ˈbæləns brɔːt ˈfɔːwəd/
US/ˈbæləns brɔːt ˈfɔːrwərd/

Meanings

  1. nouncountablebusinessfinance

    The amount of money in an account at the start of a new period, carried over from the previous period.

    Grammar: Often used in the phrase 'the balance brought forward' or 'a balance brought forward of £X'.

    Patterns

    • balance brought forward from something
    • a balance brought forward of £X

    The balance brought forward from last month was $500.

    Please check the balance brought forward on your statement.

    The accountant recorded a balance brought forward of £1,200.

  2. nouncountablebusinessfinance

    The total of a column of figures that is moved to the top of the next page or column in an accounting record.

    Grammar: Used when describing the physical act of carrying a total forward in a ledger.

    Patterns

    • balance brought forward to the next page

    At the bottom of the page, write 'balance brought forward'.

    The balance brought forward to the next page was $3,450.

Word forms

pluralbalances brought forward

Common combinations

balance brought forward from
The balance brought forward from the previous quarter was positive.
balance brought forward of
There is a balance brought forward of $200.
balance brought forward on the account
The balance brought forward on the account was incorrect.

Synonyms and how they differ

opening balance
This is the more common everyday term for the same idea; 'balance brought forward' is more formal and often used in written accounting records.
carried-forward balance
A less common variant that emphasizes the action of carrying the amount forward.

Opposites

balance carried forward

Word family

balance noun
The amount of money in an account.
brought forward phrase
Moved to an earlier point in time or to the top of a new page.

Commonly confused: balance brought forward or balance carried forward?

balance brought forward vs balance carried forward

This is the amount moved to the next period, while 'balance brought forward' is the amount received from the previous period.

Practice

Which phrase means the amount of money in an account at the beginning of a new period?

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