At what level should all financial transactions balance?

All financial transactions should balance at the company level. This is due to the fundamental principles of accounting, where the entirety of the organization's financial data must accurately reflect the overall financial position and performance. The company level encompasses all transactions across various departments, projects, and accounts, ensuring that total debits equal total credits, which is crucial for producing reliable financial statements.

Balancing at the company level provides a comprehensive overview and ensures that financial reporting adheres to regulatory and compliance standards. It enables stakeholders to have a clear understanding of the organization's financial health, as it aggregates all relevant financial information into a cohesive set of reports. This level of consistency is essential for effective financial management and strategic decision-making within the organization.