![]() Ledger is a book where all the business’ financial transactions related to a particular transaction are recorded. For easy and effective financial management.Get an idea of the cash position of the business.Keep track of all expenses, payments, and receipts.You need to maintain a cash book for the following reasons: Cash Outflow: This includes all the payments made by the business in cash like petty expenses, cash purchases, etc.Cash Inflow: This includes all the cash receipts of the business-like withdrawals from bank, cash sales, and more.It is also known as Cash Transaction Register. What is Cash Book, and Why Is it Important?Ĭash Book is a record of cash receipts and payments made by a business. Tips to Maintain Cashbook and Ledger for New Business Owners.Best Ways to Maintain Cashbook & Ledgers. ![]() ![]() ![]() What is Ledger, and Why Is it Important?.What is Cash Book, and Why Is it Important?. ![]()
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