What is a Ledger?

A ledger is a ‘book’ of accounts.

How it Works

The double-entry accounting system is based upon a series of accounts.

​Collectively, these accounts form something known as the general ledger.

The accounts within the general ledger are known as ledger accounts.

Each ledger account is attached to one of the various account categories contained in the general ledger. 

They provide a separate record of transactions in each area of the system. 

Each transaction is recorded with either a debit entry or a credit entry. 

​The account will also have a balance.

© R.J. Hickman 2020