Ledger Summary
A ledger summary provides an overview of a company's financial transactions, showing account balances and totals for a specific period. It consolidates debits, credits, and account balances for reporting and analysis.
To access the Ledger Summary, go to: > Home > Application > Finance > Reports > Ledger Summary
How can I get Benefit ?
- Accurate Record-Keeping : Ensures all transactions are properly recorded and balanced.
- Informed Decision-Making : Helps managers and business owners make data-driven financial decisions.
- Identifies Discrepancies : Makes it easier to spot errors or inconsistencies in financial records.
- Expense Tracking : Helps monitor and control business expenses effectively.
- Compliance : Assists in adhering to accounting standards and preparing for audits.
- Financial Planning : Aids in budgeting and forecasting for future financial needs.
Properties
Primary Properties
| Property | Description |
|---|---|
| Account Ledger | Select the Account Ledger from the dropdown |
| From Date | You can select the start date for the report |
| To Date | You can select the end date for the report |
Ledger Summary Reports
- Select the Account Ledger from the dropdown.
- Set the From Date and To Date to define the period for the report.
- Click on
Show
- This report provides the particulars of Voucher date , Voucher No. ,Ledger details , Voucher type, Debit and credit amounts within the specified date range.
Edit Transaction in Ledger Summary
- Choose the transaction and double click on it.
- Make Necessary changes.
- Click
Save.
info
Editing a Purchase Voucher is not allowed after it's been recorded.
Delete Transaction in Ledger Summary
- Choose the transaction and double click on it.
- Make Necessary changes.
- Click
Delete
danger
Deleting a transaction from the ledger will cause a variation in the closing balance.