Ledger Accounts Overview

A Ledger Account is an account in a double-entry accounting system. It tracks a sum of money, denominated in a currency. Examples of accounts include a digital wallet, a company’s operating cash, and loan principal. Typically accounts can be categorized into asset, liability, expense, and revenue accounts.

Each ledger account belongs to a ledger and can only have entries with other accounts belonging to the same ledger.

Ledger Accounts have a Balance object that allows you to report on balances in real-time. Accounts can report a few different balances:

• Posted balance: the money that has fully settled in an Account.
• Pending balance: the money that’s expected to settle in or out of an Account plus the money that’s already settled.
• Available balance: the money that’s available to send out of an Account. This balance subtracts money that’s expected to leave an Account, but does not include money that’s expected to settle in an Account.

You can learn more about the attributes of Ledger Accounts and their balances in the API reference.