What is ledger balance?

[niyati]

I’m trying to understand basic bookkeeping terms and came across ledger balance. What exactly does it mean in bookkeeping? Is it the same as the running total of all transactions? And how does it differ from the current or available balance used in banking?

 

[maria]

A ledger balance is the total amount of money in an account at the end of a business day, reflecting all processed deposits and withdrawals. It represents the account's financial position based on cleared transactions, essentially the opening balance for the next business day

 

[Jarwish]

Ledger balance is the balance of a bank account at the end of a business day. It includes all deposits and withdrawals posted before the bank’s cut-off time. It does not reflect pending transactions and remains unchanged until the next business day’s updates are processed.

 

[danisjohn]

Ledger balance is the amount of money in a bank account at the end of a business day. It includes all cleared deposits and withdrawals but excludes pending transactions. This balance remains unchanged until the next business day when new transactions are processed and reflected in the updated ledger.

 

[Gsusangrey]

A ledger balance is the total amount of money in an account at the start of a business day, including all cleared transactions. It reflects settled funds, excluding pending deposits or withdrawals.

 

[jatin]

In accounting and banking, the ledger balance (often called the current balance) refers to the total amount of funds in an account at the end of each business day. It includes all transactions (deposits, withdrawals, payments, etc.) that have been fully processed and "posted" by the bank.

 

[robertwilliam]

The ledger balance, also called the current balance, is the opening amount of money in any checking account every morning. The ledger balance should remain the same for the duration of the day.

 

[brook]

The ledger balance shows an amount of money on a particular account at the end of the day of business with all the processed withdrawals and deposits. It is the financial position of the account taking into consideration settled transactions, which in effect means the starting point of the following business day.

 

[jainnorton]

The ledger balance is the official end-of-day balance in an account, reflecting all transactions (deposits, withdrawals) that have been fully processed and cleared by the bank up to that point. It's the balance shown on your bank statement.

 

[nikhilrajoria]

Ledger balance is the balance of the day in a bank account counting all the pending transactions, debits, and credits-also called the posted or official balance.