A ledger is the principal book or file for recording and totaling economic/financial transactions measured in terms of a monetary unit of account by particular type. Use this ledger the same as you would for any business. That is what selling in online auctions really is after all, a business. This is intended to be a permanent summary of all amounts/transactions listed individually by date and Auction site. Each page contains a "Total" at the bottom for totaling the transactions done per page. It is always a wise practice to keep track of your sales associated with any business or financial venture. Use the following pages to track your auction sales for your personal record of success involved with selling online. As with any financial record book, keep this one in a safe place so that your business remains just that, Your Business. ledg-er (noun): A book or other collection of financial accounts of a particular type. auc-tion (noun): public sale in which goods or property are sold to the highest bidder.