... all of this has to be put on the good side of the ledger
Writing as someone who learned their craft back in the days when ledgers meant ledgers - thick volumes in weighty black binders containing bookkeeping entries which we auditors used to embellish with curious ticks, curls and marks, sometimes in green ink, sometimes in purple - and which survive only on the dusty shelves of Museums of Accountancy - it is indeed life affirming to think that this word still carries a meaning for the modern entrepreneur, though what the younger listeners to Today (if there are any) made of her imagery I have no idea. She did not invoke the usual discussion so dear to us accounting veterans as to whether the ledger should be laid out facing or sideways on to the window, nor the best way to remove the stains left by chocolate biscuits, nor the fierce, sometimes violent, altercations about the most appropriate colour for ticking up a calculated balance the third year running (having already used the traditional green and purple pens in previous years).
Pleased as I was to hear that ledgers, and all that they stand for, are still in vogue with the highest of hi-tech trend-setters, I was not in any way chuffed at all at the wanton ignorance displayed by the words 'good side'. Ledgers do not have good or bad sides. They are repositories of information and how that information is processed is up to the person perusing it. The problem, I think, lies with the commonly misunderstood words 'debit' and 'credit'; these are technical terms used in bookkeeping and imply no moral virtues and 'credit' is the prime culprit because it has at least three utterly different meanings;
- Credit (accounting expression): an entry made in the ledger on the side nearest the window, an entry that is not a debit
- Credit (expression of social approbation) "It was to Don's credit that he he acknowledged that he was the audit clerk who had dropped the chocolate biscuit onto line 34 of the ledger thereby obliterating the entry referring to the sale of 14 widgets at £1 13/6d (gross)"
- Credit (measure of financial standing or believability) "Would you credit it, that sodding bookie has refused to give me any more credit?"