What is a ledger?
Ledger
A ledger is the system of record where a business's financial transactions are organized and stored by account. Ledgers help businesses track financial activity and serve as the foundation for reporting, reconciliation, and financial analysis.
Example: A company's ledger contains separate accounts for cash, revenue, expenses, accounts receivable, and accounts payable, along with the transactions recorded in each account.
Related terms: General Ledger, Agentic General Ledger™, System of Record
