What is a sales ledger?

Definition of a sales ledger

A business's sales ledger is a list of all the sales invoices it's ever issued and when they were paid.

Before computerised accounts came into being, a business's clerks would write up its sales and receipts in a thick leather-bound book. That's why this list is called the "sales ledger"!

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The total amount of invoices in the sales ledger that haven't been paid yet is the business's figure for trade debtors.

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FreeAgent's Chief Accountant Emily Coltman is available to answer your questions in the comments.

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