The significant difference between ledger balance and available balance is the total amount of money in the bank balance according to the books of accounts, particularly in the morning. On the other hand, the available balance is the amount of money that a business has, which can be retrieved for direct use.
Ledger balance or account balance is the total amount of funds (cash and bank balances). They are recorded in the accounts at any point in time. However, due to some posting and distinguishing time laps, this ledger balance might not be the balance that is readily available for use. The available balance is the amount that an organization has for immediate use in the morning.