What context can I use each word in?
Learn when and how to use these words with these examples!
cashbook
Example
The accountant diligently recorded all the cash transactions in the cashbook. [cashbook: noun]
Example
She balanced the cashbook at the end of the month to ensure accuracy. [cashbook: noun]
ledger
Example
The ledger showed a clear picture of the company's financial health. [ledger: noun]
Example
He updated the ledger with the latest sales and expenses data. [ledger: noun]
Good things to know
Which word is more common?
Ledger is more commonly used than cashbook in professional accounting practices and larger businesses. Ledger is a comprehensive tool that covers all financial transactions, making it suitable for businesses of all sizes. On the other hand, cashbook is often used by small businesses or for personal finance management, where tracking cash transactions is the primary concern.
What’s the difference in the tone of formality between cashbook and ledger?
Both cashbook and ledger are formal terms used in accounting. They are typically used in professional settings and formal business contexts.
