A company ledger is a book or electronic document that records all of the financial transactions of a business. In other words, it’s an accountant’s version of a diary, tracking every penny that comes in or out of the organization. From salaries and wages to purchases, investments, and loans, a company ledger keeps track of all financial activity. It’s an invaluable tool for managers who need to make sure that their company stays on top of its finances, as well as a critical source of information for auditors looking to uncover potential fraud or misadministration. Whether you’re managing a startup or a multi-million dollar business empire, having a comprehensive, up-to-date company ledger is essential.