An Account Ledger Book is the official record of financial transactions belonging to an organization or individual. At the end of each month, a company’s Account Ledger Book will provide a snapshot of the cash flow and all assets and liabilities in its possession. It is an invaluable tool for understanding the health of a business, both internally and externally. With the right accounting procedures and proper control, the Account Ledger Book ensures accurate recordkeeping and peace of mind.