A book of accounts; any book of final entry.
A supporting ledger consisting of a group of accounts, the total of which is in agreement with a control account. Examples: a customers’ ledger; a creditors’ ledger; a factory ledger; an expense ledger; a plan ledger; a branch or departmental ledger
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Dear TSP Members: Great article in Strategic Finance Magazine in October on Internal Reporting using XBRL for General Ledger by Nicola Dallas Via and Gianluce Garbellotto
Great presentation by XBRL International and XBRL USA on Blockchain, Distributed Shared Ledgers and use of the XBRL data standard for more effective data disclosure/analytics to support both the capital markets and government oversight/management of risk. Distributed shared ledgers "smart ledgers" offer a range of benefits to companies and to government
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A worksheet (computer or ledger) containing a matrix of rows and columns with numerical information
In accounting, the capital account is the general ledger account(s) showing the equity interest
Interesting story today in Bank Technology News about software companies racing to create BLOCKCHAIN technology “In-the- Box” to help banks and companies use this new disruptive technology that promises to provide “a shared ledger that can be used to track things like asset sales, payments, loans, transactions and contracts. Such ledgers are seen as a way to make finance more resilient (since distributed systems have no single point of failure), efficient (since they remove duplication of effort ), and transparent/accountable - risk prevention (since they are auditable in real time).”
A listing of all account balances in a general ledger. All accounts with debit balances are totaled separately from accounts with credit balances; the two totals should be equal
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