Sales Ledger
/ˈseɪlz ˈlɛdʒər/
Definitions
- (n.) A financial record documenting all sales transactions on credit, used to track amounts owed by customers.
The accountant updated the sales ledger to reflect all outstanding invoices.
Forms
- sales ledger
- sales ledgers
Related terms
See also
Commentary
The sales ledger is crucial for managing credit sales and monitoring customer debts; ensure clarity when referring to it in contracts to distinguish from other ledgers.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.