Glossary · AccountingWhat is Balance sheet total?Also known as: balance sheet grand totalThe final total of the balance sheet: total assets, or the equal total of liabilities and equity. If the two sides do not match, this indicates an error in the accounts.Source: Britannica: Accounting — The balance sheet; 1-son BHMS, 12-bandSee alsoBalance sheetAssetLiabilities and equity (sources of assets)