what is a ledger balance 
a ledger balance is computed by a bank at the end of each business day and includes all withdrawals and deposits to calculate the total amount of money in a bank account the ledger balance is the opening balance in the bank account the next morning and remains the same all day the ledger balance is also often referred to as the current balance and is different than the available balance in an account if you log into your online banking you may see your current balance the balance at the beginning of the day and the available balance which is the aggregate amount at any point during the day formula and calculation of ledger balanceyou can use the following formula to calculate the ledger balance of your account ledger balance opening balance credits debitsin order to calculate your ledger balance add all the credits deposits reversals etc that go through your account during the day to the opening balance then subtract all the withdrawals transfers and other debits from that figure this will give you the end of day or ledger balance 