What is the difference between Available Balance and Ledger Balance? - ProProfs Discuss
Advertisement

What is the difference between Available Balance and Ledger Balance?

Asked by G. Woods, Last updated: Apr 15, 2022

+ Answer
Request
Question menu
Vote up Vote down

2 Answers

Anthony Paul Bonadio

Anthony Paul Bonadio

Its kind of my job to give answers

Anthony Paul Bonadio
Anthony Paul Bonadio, Teacher, MCA, PhD, Toledo

Answered Oct 08, 2020

When you say available balance, this is the type of balance that you will have after all of the things that went into your account or were subtracted from your account have already come in. This means that the debit today and the credits today have already been removed.

When you say ledger balance, this stands for the credits that you may have today even before the other things will be removed. This means that it is your account balance at the beginning of the day.

This explains why your ledger balance and your available balance are different from each other. You would need to check them both just to be sure that you have enough money to spend.

upvote downvote
Reply 

H. Jones

H. Jones

H. Jones
H. Jones, Web Content Writer, San Antonio,

Answered May 20, 2020

The significant difference between ledger balance and available balance is the total amount of money in the bank balance according to the books of accounts, particularly in the morning. On the other hand, the available balance is the amount of money that a business has, which can be retrieved for direct use.

Ledger balance or account balance is the total amount of funds (cash and bank balances). They are recorded in the accounts at any point in time. However, due to some posting and distinguishing time laps, this ledger balance might not be the balance that is readily available for use. The available balance is the amount that an organization has for immediate use in the morning.

upvote downvote
Reply 

Advertisement
Advertisement
Search for Google images Google Image Icon
Select a recommended image
Upload from your computer Loader
Image Preview
Search for Google images Google Image Icon
Select a recommended image
Upload from your computer Loader
Image Preview
Search for Google images Google Image Icon
Select a recommended image
Upload from your computer Loader

Email Sent
We have sent an email to your address "" with instructions to reset your password.