Definition, Meaning & Synonyms
sales-ledger
Noun
/seɪlz ˈlɛdʒər/
Definition
A sales ledger is an accounting record that tracks all sales transactions made by a business.
Examples
- The accountant reviewed the sales ledger to ensure there were no discrepancies in the records.
- The company implemented a new software system to streamline the management of the sales ledger.
- Each month, the sales ledger is reconciled with the financial reports to maintain accuracy.
Meaning
It serves to detail the amounts owed by customers and the status of their payments, helping businesses manage their accounts receivable effectively.
Synonyms
- accounts receivable
- sales journals
- income ledger
