"Imbalance Sheet"
“Imbalance sheet” is strictly financial spreadsheet terminology. Your Examiner first ran across it working at a Kmart in Lorain,
Ohio, a small city on the coast of Lake Erie between Cleveland and Detroit.
At the time it was commonplace to keep bookkeeping records on large green analysis pads. Lucy, the store’s bookkeeper, said
the books never balanced the first time. She began calling it her “Imbalance Sheet”.
She would spend hours going through several hundred of the week’s entries trying to find a number that was only a few pennies
off.
With computer technology today books normally balance themselves, but not necessarily to the exact number (due to rounding)
or to the manually maintained cash drawer. Also today’s Excel spreadsheets can be thrown off balance with an incorrect formula
embedded within in. talent is required to find the wrong formula much the same way Lucy had to analyze her imbalance sheets.
It is this second fact that has allowed the “Imbalance Sheets” to transcend the age of technology.
Share your own new business term using Contact Us.
Return to the Business Terms? Home page.
“Imbalance sheet” is strictly financial spreadsheet terminology. Your Examiner first ran across it working at a Kmart in Lorain,
Ohio, a small city on the coast of Lake Erie between Cleveland and Detroit.
At the time it was commonplace to keep bookkeeping records on large green analysis pads. Lucy, the store’s bookkeeper, said
the books never balanced the first time. She began calling it her “Imbalance Sheet”.
She would spend hours going through several hundred of the week’s entries trying to find a number that was only a few pennies
off.
With computer technology today books normally balance themselves, but not necessarily to the exact number (due to rounding)
or to the manually maintained cash drawer. Also today’s Excel spreadsheets can be thrown off balance with an incorrect formula
embedded within in. talent is required to find the wrong formula much the same way Lucy had to analyze her imbalance sheets.
It is this second fact that has allowed the “Imbalance Sheets” to transcend the age of technology.
Share your own new business term using Contact Us.
Return to the Business Terms? Home page.
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