financial ledger
/ˈfɪnænʃəl ˈledʒər/ · fin.an.cial.led.ger
noun
- A book or electronic record used to track financial transactions, such as income, expenses, and assets. The accountant spent hours balancing the company's financial ledger to ensure accurate financial reporting.
- A system or software used to manage and record financial transactions, often used in accounting and bookkeeping. The financial ledger software helped the small business owner to streamline their financial management and reduce errors.
Did you know? The use of financial ledgers dates back to ancient civilizations, where merchants and traders used clay tablets to record financial transactions.