Posting To Your Ledger Accounts

Using our basic example contained in the transaction analysis tutorial, we have the following transactions to post to our basic ledger accounts (columnar format being the more widely used):

You know now that all transactions must have a minimum of two entries, and that the entries must balance once entered per transaction. So placing the following transactions from our analysis breakdown into your ledger would produce a similar following result:

With the columnar format you can ascertain your ledger now maintains a running balance, so unlike the T-Account balancing requirement, you just keep going with the narrative format ledger.