Tracker

Collection Ledger

Track balances, payments, interest accrual, and settlement terms over time. Maintain accurate records for collection activities and financial reporting.

Initialize Collection Ledger

Judgment Amount ($) *

Annual Interest Rate (%)

Judgment Date *

Collection Ledger Best Practices

📊 Accurate Record-Keeping

Document every payment, interest accrual, and fee immediately. Accurate ledgers are essential for financial reporting and potential legal proceedings.

📅 Regular Interest Calculations

Add interest entries monthly or quarterly based on your judgment terms. Compound interest can significantly increase balances over time.

📝 Payment Documentation

Include check numbers, transaction IDs, or payment method details in descriptions. This helps reconcile payments and resolve disputes.

Tip: Export your ledger monthly for backup and financial reporting. Keep digital and physical copies for your records.