Ledger

/ˈlɛdʒər/

Meaning & Definition

noun

A book or other collection of financial accounts.

The accountant meticulously recorded every transaction in the ledger.

A principal book in which the commercial transactions of a business are recorded.

At the end of the month, we reviewed the ledger to reconcile our accounts.

A record of debts and credits.

She checked the ledger to ensure that all payments had been accounted for.

A document or system for tracking and managing financial transactions.

The company implemented a new digital ledger for better accuracy in bookkeeping.

From Middle English 'ledger' from the term 'leager', meaning 'a place where one lies down.'

slip into the ledger

To have an entry recorded in the official financial records.

keep a ledger

To maintain detailed accounts of financial transactions.

balance the ledger

To ensure that the total debits equal the total credits in financial records.

account

A record of financial transactions.

journal

A book for recording daily financial entries.

balance sheet

A financial statement showing assets, liabilities, and equity.

In business, a ledger can refer to a detailed account of earnings.

That project is definitely in the black on the ledger.

A term to describe an organized set of data or information.

The team's performance stats went straight into the ledger.