ledger balance
[ˈlɛdʒər ˈbæləns]
nounpl: ledger balances
saldo contábil
1. The balance of an account as shown in the general ledger at a specific point in time, representing the total debits minus credits recorded for that account
The ledger balance showed that the company had $50,000 in the checking account as of March 31st.
O saldo contábil mostrou que a empresa tinha $50.000 na conta corrente em 31 de março.
2. The actual balance amount recorded in the accounting books before any reconciliation or adjustments
We need to reconcile the ledger balance with the bank statement to identify any discrepancies.
Precisamos reconciliar o saldo contábil com o extrato bancário para identificar qualquer discrepância.
In both Brazilian and American financial practices, the ledger balance is a critical accounting concept used in monthly reconciliation processes. Brazilian companies must maintain accurate ledger balances for tax compliance and audit purposes according to Brazilian accounting standards (NBC - Normas Brasileiras de Contabilidade). In the USA, this term is standard in GAAP (Generally Accepted Accounting Principles) and is essential for financial reporting and internal controls.
Related Idioms & Phrases
reconcile the ledger balance
ledger balance discrepancy
ledger balance vs. bank balance
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