Ledger in business often refers to detailed tracking of financial transactions over time. The accountant updated the financial ledger with the latest expenses.
Pro Tip 2/3
Different Ledgers
There are various types of business ledgers, like sales and purchase ledgers, each for specific records. She reviewed the sales ledger to calculate this month's revenue.
Pro Tip 3/3
Consistent Format
Business ledgers are kept in a consistent format to ensure clarity and ease of use for audits. All entries in the ledger must follow the established formatting guidelines.