accounts ledger system

  • 1ledger — [lej′ər] n. [ME legger, prob. < ME leggen or liggen after MDu ligger: see LAY1, LIE1] 1. a large, flat stone placed over a tomb 2. a) a large, horizontal timber in a scaffold b) …

    English World dictionary

  • 2Accounts payable — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts  …

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  • 3Double-entry bookkeeping system — A double entry bookkeeping system is a set of rules for recording financial information in a financial accounting system in which every transaction or event changes at least two different nominal ledger accounts. The name derives from the fact… …

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  • 4Unified Ledger Accounting — What is Unified Ledger Accounting?The concept of a Unified Ledger Accounting Application is often new to people who have used traditional Modular Accounting Systems, though the idea is very simple. Traditional modular systems have separate… …

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  • 5General ledger — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts  …

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  • 6Chart of accounts — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts  …

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  • 7creditors' ledger — bought ledger; = purchases ledger A memorandum ledger account in which individual creditors accounts are recorded; it is additional to the nominal ledger and forms part of the internal control system. In each individual creditor s account there… …

    Accounting dictionary

  • 8Oracle General Ledger — The Oracle General Ledger module within Oracle Financials is an integrated part of the ERP package of Oracle applications. It is a financial management solution within E business suite for entering and reporting on the financial data of large… …

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  • 9general ledger — noun the ledger that contains all of the financial accounts of a business; contains offsetting debit and credit accounts (including control accounts) • Hypernyms: ↑ledger, ↑leger, ↑account book, ↑book of account, ↑book • Part Meronyms: ↑control… …

    Useful english dictionary

  • 10debtors' ledger — sales ledger; = sold ledger A memorandum ledger account in which individual debtors accounts are recorded. Each account records sales made (debit), payments received (credit), discounts given (credit), and returns inwards (credit). The total sum… …

    Accounting dictionary