What is the preliminary monthly balance?

The preliminary monthly balance refers to the initial calculation of a financial account's balance at the end of a month before any adjustments or reconciliations are made. It typically includes all transactions recorded during the month, such as deposits, withdrawals, and expenses. This balance serves as a starting point for further analysis, allowing individuals or businesses to review their financial activity and identify discrepancies. Adjustments may be necessary to account for pending transactions or errors before finalizing the balance.