General Information on the Budgetary Ledger 
The purpose of the budgetary ledger is to record, track, and control budgetary activities that affect a public organization’s budgetary resources. This involves the following:
Annual and multi-year budgets for expenditures and short-term commitments of funds, which are set up by public sector organizations and classified by type of expenditure.
Changes made to the original budget are recorded and can be reported.
Expenditures and commitments are validated, recorded, and reported against the budgets.
Annual and multi-year revenue estimates are developed by type of revenue.
Revenues accrued or received are recorded and reported against the annual and multi-year estimates.
Actual fund balances are recorded and reported against the fund balance estimates.
For public sector organizations, the budgetary ledger serves as the source of all internal financial information used for monitoring and control against the budget.
Note
In public sector organizations, postings are not usually carried out using double-entry bookkeeping, as is the case for commercial enterprises. Instead, the focus is on the receipt, commitment, and expenditure of budgeted funds, ensuring proper public accounting.