A Precision Balance, most often found in a laboratory setting, is used in applications where meticulous measurements are required. As the name suggests, a precision balance is a type of balance used for measuring mass to a high precision level. In the beginning when the first balance scale was invented, the traditional arm and beam balance was useful in precise measurement of mass or weight of things. The advancement in such invention happened with the passage of time that, in turn, facilitated the upgradation in technology and subsequent modernization of designs. Today, precision balances come in digital models that can be calibrated and interfaced with computers for further analytical purposes. Precision balance is a very useful device for measuring the mass of small things or matters.