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@ -37,6 +37,12 @@ ACCOUNTING GLOSSARY
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reports. This process is now done with the Ledger software which creates
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reports from the journal. A journal is sometimes called a register.
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**Posting**: A single debit or credit line of a transaction. A posting
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comprises an account and the debit or credit amount. It also inherits the
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shared description and date from the transaction. In the Ledger software,
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a posting may also have metadata and an account state.
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**Report**: A summary made from a journal of transactions. Each
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transaction affects accounts and those effects are collated and totaled.
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The two most common reports are the balance sheet, which shows what is
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@ -126,3 +132,10 @@ filters based on state.
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[§ Transaction State](http://www.ledger-cli.org/3.0/doc/ledger3.html#Transaction-state);
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[§ Cleared Report](
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http://www.ledger-cli.org/3.0/doc/ledger3.html#Cleared-Report)
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**Virtual Posting**: an annotation posting in a transaction, similar in form as a regular posting but not required to balance debits and
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credits. It is often used to support
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[Fund Accounting](http://en.wikipedia.org/wiki/Fund_accounting) and various reports will collate and summarize virtual postings. Virtual postings should not be
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confused with virtual posting costs.
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[§ Virtual Postings](http://www.ledger-cli.org/3.0/doc/ledger3.html#Virtual-postings)
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[§ Working with Multiple Funds and Accounts](http://www.ledger-cli.org/3.0/doc/ledger3.html#Working-with-multiple-funds-and-accounts)
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