Can someone please explain this balances please
Here’s a quick breakdown of those balances:
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Your starting balance was $59.82 , that’s what you had before any new activity.
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Then you had deposits and credits totaling $78.23, money added to your account.
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You also had withdrawals and debits of $135, money taken out or spent.
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So when you add the deposits to your starting balance and subtract the withdrawals, your current account balance comes to $3.05.
It’s basically:
Starting Balance + Deposits - Withdrawals = Current Balance
Hope that clears it up
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No worries, here’s a simple breakdown of that second page
- Shopify Payments Payout
Amount: $68.08
Balance: $127.90
This means you got paid $68.08 from your Shopify store — it’s the money from customer orders that got deposited into your payout account, bringing your balance up to $127.90.
- ACG transfer from Union Bank & Trust Company
Amount: $10.00
Balance: $137.90
You manually transferred $10.00 from your personal bank account (ending in 7280) into this account. Now your balance increased to $137.90.
- APY Earned in April 2025
Amount: $0.15
Balance: $138.05
This is interest earned on your account for the month of April. It’s small (0.15), but it added to your balance, bringing it up to $138.05.
- ACH Transfer to Union Bank & Trust Company
Amount: -$135.00
Balance: $3.05
You sent $135.00 out from this account back into your personal bank account (ending in 7280), so your remaining balance is now $3.05.
Sp now the $56.77 “Total Amount” probably reflects the net increase/decrease of the account within that period (after all deposits and withdrawals were considered).
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Thank you!
No problem friend, you can reach out anytime !!