Statistical Ledger and Accounts Method

Define a separate ledger to track only statistical data to segregate the statistical information from actual, budget, or other types of monetary information by ledger. To define a statistical ledger, you define a new ledger as you would define any other ledger and only post statistical amounts to that ledger. If you use this method, you must use statistical accounts in your journal entries.

Define a statistical account and associate it with a unit of measure. For example, the Workstations statistical account uses EA. (each) as a generic unit of measure. The Floor Space statistical account might use SQ. (square feet), while the Work Days account would use DAY (days).

You enter two separate journal entries to accommodate the statistical monetary amount of a transaction. For example, if you purchase 100 workstations, the journal entry that records the purchase includes a line for the statistical entry (100 workstations) and an additional journal entry to record the monetary amount.