diff --git a/backend/database/bespoke.ts b/backend/database/bespoke.ts
index a2655841..8970e1ee 100644
--- a/backend/database/bespoke.ts
+++ b/backend/database/bespoke.ts
@@ -119,4 +119,15 @@ export class BespokeQueries {
 
     return { income, expense };
   }
+
+  static async getTotalCreditAndDebit(db: DatabaseCore) {
+    return await db.knex!.raw(`
+    select 
+	    account, 
+      sum(cast(credit as real)) as totalCredit, 
+      sum(cast(debit as real)) as totalDebit
+    from AccountingLedgerEntry
+    group by account
+    `);
+  }
 }
diff --git a/backend/database/manager.ts b/backend/database/manager.ts
index 3d86a612..ad948b29 100644
--- a/backend/database/manager.ts
+++ b/backend/database/manager.ts
@@ -1,11 +1,12 @@
 import fs from 'fs/promises';
+import { DatabaseError } from 'fyo/utils/errors';
 import path from 'path';
 import { DatabaseDemuxBase, DatabaseMethod } from 'utils/db/types';
 import { getSchemas } from '../../schemas';
 import {
   databaseMethodSet,
   emitMainProcessError,
-  unlinkIfExists,
+  unlinkIfExists
 } from '../helpers';
 import patches from '../patches';
 import { BespokeQueries } from './bespoke';
@@ -148,7 +149,7 @@ export class DatabaseManager extends DatabaseDemuxBase {
     }
 
     if (!BespokeQueries.hasOwnProperty(method)) {
-      return;
+      throw new DatabaseError(`invalid bespoke db function ${method}`);
     }
 
     // @ts-ignore
diff --git a/fyo/core/dbHandler.ts b/fyo/core/dbHandler.ts
index 70ad8c22..da5fedec 100644
--- a/fyo/core/dbHandler.ts
+++ b/fyo/core/dbHandler.ts
@@ -14,7 +14,7 @@ import {
   DatabaseDemuxConstructor,
   DocValue,
   DocValueMap,
-  RawValueMap,
+  RawValueMap
 } from './types';
 
 // Return types of Bespoke Queries
@@ -23,6 +23,11 @@ type TotalOutstanding = { total: number; outstanding: number };
 type Cashflow = { inflow: number; outflow: number; yearmonth: string }[];
 type Balance = { balance: number; yearmonth: string }[];
 type IncomeExpense = { income: Balance; expense: Balance };
+type TotalCreditAndDebit = {
+  account: string;
+  totalCredit: number;
+  totalDebit: number;
+};
 
 export class DatabaseHandler extends DatabaseBase {
   #fyo: Fyo;
@@ -280,6 +285,12 @@ export class DatabaseHandler extends DatabaseBase {
     )) as IncomeExpense;
   }
 
+  async getTotalCreditAndDebit(): Promise<unknown> {
+    return (await this.#demux.callBespoke(
+      'getTotalCreditAndDebit'
+    )) as TotalCreditAndDebit[];
+  }
+
   /**
    * Internal methods
    */
diff --git a/models/baseModels/AccountingLedgerEntry/AccountingLedgerEntry.ts b/models/baseModels/AccountingLedgerEntry/AccountingLedgerEntry.ts
index e556e95a..bfb0e0c9 100644
--- a/models/baseModels/AccountingLedgerEntry/AccountingLedgerEntry.ts
+++ b/models/baseModels/AccountingLedgerEntry/AccountingLedgerEntry.ts
@@ -11,7 +11,6 @@ export class AccountingLedgerEntry extends Doc {
   credit?: Money;
   referenceType?: string;
   referenceName?: string;
-  balance?: Money;
   reverted?: boolean;
 
   async revert() {
@@ -46,7 +45,6 @@ export class AccountingLedgerEntry extends Doc {
         'party',
         'debit',
         'credit',
-        'balance',
         'referenceName',
         'reverted',
       ],
diff --git a/schemas/app/Account.json b/schemas/app/Account.json
index 400ee5bd..a45f2889 100644
--- a/schemas/app/Account.json
+++ b/schemas/app/Account.json
@@ -137,11 +137,5 @@
       "default": false
     }
   ],
-  "quickEditFields": [
-    "rootType",
-    "parentAccount",
-    "accountType",
-    "isGroup",
-    "balance"
-  ]
+  "quickEditFields": ["rootType", "parentAccount", "accountType", "isGroup"]
 }
diff --git a/schemas/tests/testSchemaBuilder.spec.ts b/schemas/tests/testSchemaBuilder.spec.ts
index 7f4e2cbc..56b5b6bf 100644
--- a/schemas/tests/testSchemaBuilder.spec.ts
+++ b/schemas/tests/testSchemaBuilder.spec.ts
@@ -26,7 +26,7 @@ test('Meta Properties', function (t) {
 });
 
 test('Field Counts', function (t) {
-  t.equal(appSchemaMap.Account.fields?.length, 6);
+  t.equal(appSchemaMap.Account.fields?.length, 5);
   t.equal(appSchemaMap.JournalEntry.fields?.length, 9);
   t.equal(appSchemaMap.JournalEntryAccount.fields?.length, 3);
   t.equal(appSchemaMap.Party.fields?.length, 9);
diff --git a/src/pages/ChartOfAccounts.vue b/src/pages/ChartOfAccounts.vue
index 3173e374..d9cc4220 100644
--- a/src/pages/ChartOfAccounts.vue
+++ b/src/pages/ChartOfAccounts.vue
@@ -3,7 +3,10 @@
     <PageHeader :title="t`Chart of Accounts`" />
 
     <!-- Chart of Accounts -->
-    <div class="flex-1 flex flex-col overflow-y-auto mb-4 custom-scroll" v-if="root">
+    <div
+      class="flex-1 flex flex-col overflow-y-auto mb-4 custom-scroll"
+      v-if="root"
+    >
       <!-- Chart of Accounts Indented List -->
       <template v-for="account in allAccounts" :key="account.name">
         <!-- Account List Item -->
@@ -142,6 +145,7 @@ import PageHeader from 'src/components/PageHeader';
 import { fyo } from 'src/initFyo';
 import { docsPathMap } from 'src/utils/misc';
 import { docsPath, openQuickEdit } from 'src/utils/ui';
+import { getMapFromList } from 'utils/index';
 import { nextTick } from 'vue';
 import { handleErrorWithDialog } from '../errorHandling';
 
@@ -156,22 +160,54 @@ export default {
       schemaName: 'Account',
       newAccountName: '',
       insertingAccount: false,
+      totals: {},
+      refetchTotals: false,
     };
   },
+  async mounted() {
+    await this.setTotalDebitAndCredit();
+    fyo.doc.observer.on('sync:AccountingLedgerEntry', () => {
+      this.refetchTotals = true;
+    });
+  },
   async activated() {
     this.fetchAccounts();
     if (fyo.store.isDevelopment) {
       window.coa = this;
     }
     docsPath.value = docsPathMap.ChartOfAccounts;
+
+    if (this.refetchTotals) {
+      await this.setTotalDebitAndCredit();
+      this.refetchTotals = false;
+    }
   },
   deactivated() {
     docsPath.value = '';
   },
   methods: {
+    getBalance(account) {
+      const total = this.totals[account.name];
+      if (!total) {
+        return 0;
+      }
+
+      const { totalCredit, totalDebit } = total;
+
+      if (isCredit(account.rootType)) {
+        return totalCredit - totalDebit;
+      }
+
+      return totalDebit - totalCredit;
+    },
     getBalanceString(account) {
       const suffix = isCredit(account.rootType) ? t`Cr.` : t`Dr.`;
-      return `${fyo.format(account.balance, 'Currency')} ${suffix}`;
+      const balance = this.getBalance(account);
+      return `${fyo.format(balance, 'Currency')} ${suffix}`;
+    },
+    async setTotalDebitAndCredit() {
+      const totals = await this.fyo.db.getTotalCreditAndDebit();
+      this.totals = getMapFromList(totals, 'account');
     },
     async fetchAccounts() {
       this.settings = fyo.models[ModelNameEnum.Account].getTreeSettings(fyo);
@@ -231,7 +267,6 @@ export default {
           'name',
           'parentAccount',
           'isGroup',
-          'balance',
           'rootType',
           'accountType',
         ],
diff --git a/src/setup/createCOA.ts b/src/setup/createCOA.ts
index 534131d3..abfeb852 100644
--- a/src/setup/createCOA.ts
+++ b/src/setup/createCOA.ts
@@ -54,7 +54,6 @@ export class CreateCOA {
         parentAccount,
         isGroup,
         rootType,
-        balance: 0,
         accountType,
       });