diff --git a/LeftPanel.qml b/LeftPanel.qml
index b42f6d81..3f5c7dee 100644
--- a/LeftPanel.qml
+++ b/LeftPanel.qml
@@ -35,6 +35,7 @@ Rectangle {
     id: panel
 
     property alias unlockedBalanceText: unlockedBalanceText.text
+    property alias balanceLabelText: balanceLabel.text
     property alias balanceText: balanceText.text
     property alias networkStatus : networkStatus
     property alias progressBar : progressBar
@@ -109,6 +110,7 @@ Rectangle {
         spacing: 5
 
         Label {
+            id: balanceLabel
             text: qsTr("Balance") + translationManager.emptyString
             anchors.left: parent.left
             anchors.leftMargin: 50
diff --git a/MiddlePanel.qml b/MiddlePanel.qml
index b21da0c0..94ecc17e 100644
--- a/MiddlePanel.qml
+++ b/MiddlePanel.qml
@@ -42,6 +42,7 @@ Rectangle {
     property Item currentView
     property Item previousView
     property bool basicMode : false
+    property string balanceLabelText: qsTr("Balance")
     property string balanceText
     property string unlockedBalanceText
 
@@ -198,7 +199,7 @@ Rectangle {
                 columns: 3
 
                 Text {
-
+                    id: balanceLabel
                     width: 116
                     height: 20
                     font.family: "Arial"
@@ -208,7 +209,7 @@ Rectangle {
                     horizontalAlignment: Text.AlignLeft
                     verticalAlignment: Text.AlignBottom
                     color: "#535353"
-                    text: qsTr("Balance:")
+                    text: root.balanceLabelText + ":"
                 }
 
                 Text {
diff --git a/main.qml b/main.qml
index 201b0e29..2cf7c86f 100644
--- a/main.qml
+++ b/main.qml
@@ -221,6 +221,7 @@ ApplicationWindow {
     function connectWallet(wallet) {
         showProcessingSplash("Please wait...")
         currentWallet = wallet
+        updateSyncing(false)
 
         // connect handlers
         currentWallet.refreshed.connect(onWalletRefresh)
@@ -309,6 +310,7 @@ ApplicationWindow {
         // TODO: implement onDaemonSynced or similar in wallet API and don't start refresh thread before daemon is synced
         daemonSynced = (currentWallet.connected != Wallet.ConnectionStatus_Disconnected && dCurrentBlock >= dTargetBlock)
         leftPanel.progressBar.updateProgress(dCurrentBlock,dTargetBlock);
+        updateSyncing((currentWallet.connected !== Wallet.ConnectionStatus_Disconnected) && (dCurrentBlock < dTargetBlock))
         middlePanel.updateStatus();
 
         // If wallet isnt connected and no daemon is running - Ask
@@ -617,6 +619,11 @@ ApplicationWindow {
         informationPopup.open()
     }
 
+    function updateSyncing(syncing) {
+        var text = (syncing ? qsTr("Balance (syncing)") : qsTr("Balance")) + translationManager.emptyString
+        leftPanel.balanceLabelText = text
+        middlePanel.balanceLabelText = text
+    }
 
     // blocks UI if wallet can't be opened or no connection to the daemon
     function enableUI(enable) {