Square Batched: should correlate to the actual deposits made to your bank account.
Square Balance - previously Square Pending and Previous Charges
Is the amount that represents the timing difference between when the sales are processed vs. when Square actually batches the deposits from sales.
Many customers will map this to a clearing or suspense account, as, usually, the previous charges will equal the pending from the prior day (thus clearing each other out day over day).
Again, the key number for banking purposes will be the Square Batched amount.
The timing of Square batches is based on your business day definitions in Square.
https://squareup.com/help/us/en/article/5439-customize-your-close-of-day