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What is the difference between spreadsheet and electronic ledger?
Wiki User
∙ 10y ago
An electronic ledger is more specific than an electronic spreadsheet. With electronic ledgers and things like accountancy, payroll and stock control applications, they are all designed with a very specific task in mind. So a payroll package is no use for stock control for example. In each of them some of the work is already done for you and you tailor them to your needs. Things are automated so you can concentrate on the data more and leave a lot of the processing to the applications.
An electronic ledger is limited to what it can do, as is a stock control, payroll and accounting package. An electronic spreadsheet starts off as being completely blank, leaving you a lot of work to do in order to get it doing what you want. However, you can use it to do a much wider range of tasks than any of the others, which is the big advantage. It would take a lot of work, but you can use an electronic spreadsheet to do things like ledgers, accounts, payroll and stock control.
Wiki User
∙ 10y ago
Wiki User
∙ 8y agoYes.
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What is a spreadsheet and what does it look like?
It is like a ledger.
Difference between cash book and ledger?
noob
What common object is a spreadsheet most like?
ledger
What is a document that organizes data in rows and colums?
It is called a spreadsheet or a worksheet.
What is difference between Nominal Ledger general ledger?
General ledger is just another name given to nominal ledger. Nominal ledger is a ledger that maintains impersonal accounts like sale , purchase, capital etc.
How do you use ledger paper?
think of it as a paper version of an excel spreadsheet
What is the Difference between cash book and ledger?
Day book is the book which we use to record day today record,but Ledger is a book in which we keep classified data
Difference between ledger balance and available balance?
The available balance refers to the cash that can be withdrawn from the given account. The ledger balance on the other hand refers to the amount that is available in the account.
What is the difference between a general ledger and a trial Balance?
A general ledger shows complete financial transactions over the life of a company. The trial balance just shows debits and credits of the business.
Why is Microsoft Excel convert on a paper ledger?
Excel is a computerised spreadsheet, and based on the paper-based worksheet, so it is capable of doing calculations that can be done on paper, like you would in a ledger. It automates the process.
What is difference between Journal and Ledger?
A journal records individual transactions in chronological order, while a ledger is a summary of all transactions grouped by accounts. The journal is the first step in the accounting process, whereas the ledger organizes and classifies the information from the journal. In essence, the journal is like a diary, and the ledger is like a filing cabinet.
How can one create an accounting ledger?
An accounting ledger can be produced using any decent spreadsheet software. Microsoft Excel is the one many people use although these are more expensive software packages that can be used.
