A ledger that keeps a record of the customers that a business has extended credit to and how much they owe. It also includes a compilation of their payment history and credit transactions. The ...

If you are self-employed or the owner of a small business, you might be tempted to postpone certain bookkeeping chores, such as reconciling your subsidiary ledgers to your general ledger. However, ...

A control account is used in bookkeeping and accounting to efficiently consolidate balances for summary and reporting purposes. They are a core accounting tool that aids ledger integrity and financial ...