Is the 'Balance' in payouts how much money you are yet to receive in your bank?

I’m not sure if it’s what has been deposited or what I’m yet to receive

Image of what I’m talking about here:
https://ibb.co/tCq5bDV

thanks

Hi, @mrpluckyguy .

Thanks for posting your question to the Shopify Community.

After you sign up for a Shopify Balance account, your main account is automatically set as your Shopify Payments payout account. This means that using your main Balance account allows you to receive money from your Shopify sales up to 7 days earlier than a bank. You can find more information in our Shopify Balance and Payouts resource.