Ledger and balance sheet will be found when you deal with banks. Usually, a company will apply the ledger and balance sheet received. Moreover, the benefits are felt by the company. You can check periodically the contents and transactions that apply. This sheet will list everything if you entrust your money to be managed properly. But it's not that easy, you need preparation to be able to read and also use a balance sheet ledger.
To be able to prepare using a ledger from the balance sheet, you need to do a number of things that can help you. First, determine the date and period of the report. It is mandatory for reports to have a date. Without a date, you do not know exactly what has happened to your money and it will also be difficult to compose a chronology when something bad happens. The second is asset identification. You must know what your assets are and know the amount of the contents of those assets. Because if you don't pay full attention to assets, when something bad happens, you can't find out. Third, identify your obligations. You don't need an explanation for this if you are aware of the obligations you have. And the last is to calculate shareholders’ equity.
Ledger balance will be difficult to understand if you don't find an example. So let's use a story to give an example. In a company, because they are aware of the importance of financial management, their finances are registered with a bank in the hope that they will have good financial management. When you first create an account, the company has an initial balance entered. This can be called a ledger. To be able to find the balance, in the balance sheet ledger document you will find the pluses and minuses of credit or debit transactions in that account.
To get a balanced report, you have to do regular data collection by filling in every column in the ledger balance sheet. When you input data incorrectly, which is different from the actual amount at the time of the transaction, that's when you will find irregularities in the balance sheet as well as unbalance the balance or the data in it. Therefore using a balance sheet ledger can only be used by professionals in their fields such as bankers.