How to Calculate Profit and Loss Statement: Formula, Format, Example & Step-by-Step Guide
BUSINESS

How to Calculate Profit and Loss Statement: Formula, Format, Example & Step-by-Step Guide

Learn how to calculate a Profit and Loss Statement step by step. Understand the P&L formula, revenue, COGS, gross profit, operating expenses, net profit, margins and how accounting software can simplify P&L reporting.

LedgerX Team • 14 Aug 2026

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GST

GST Invoice Format in India: Free Excel, Word & PDF Templates + Examples (2026)

Looking for a GST invoice format in India? Learn what a GST invoice should contain, see ready-to-use examples, understand CGST, SGST and IGST calculations, and find free GST invoice formats for Excel, Word and PDF. You can also create and download a GST invoice online for free.

LedgerX Team • 13 Aug 2026
GST Invoice Format in India: Free Excel, Word & PDF Templates + Examples (2026)
BUSINESS

Balance Sheet vs Profit & Loss Statement: Key Differences, Format, Examples & Uses

A Balance Sheet and Profit & Loss Statement answer two completely different questions about your business. Learn the key differences, formats, examples, formulas and uses of both financial statements, and understand how they work together to give you a clearer picture of your business finances.

LedgerX Team • 13 Aug 2026
Balance Sheet vs Profit & Loss Statement: Key Differences, Format, Examples & Uses
BUSINESS

Working Capital Ratio: Formula, Ideal Ratio, Examples & How to Calculate

The working capital ratio helps businesses understand whether they have enough short-term assets to cover their short-term liabilities. Learn the working capital ratio formula, how to calculate it, what a good ratio means, examples, and how businesses can improve their working capital position.

LedgerX Team • 13 Aug 2026
Working Capital Ratio: Formula, Ideal Ratio, Examples & How to Calculate
GENERAL

Free vs Paid Accounting Software: Which Is Better for Your Business?

Free and paid accounting software can both help businesses manage finances, but the right choice depends on your business size, accounting requirements, budget and future growth. Compare features, costs, GST capabilities, automation, scalability and security to find the best accounting software for your business.

LedgerX Team • 10 Aug 2026
Free vs Paid Accounting Software: Which Is Better for Your Business?

Latest Articles

How to Prepare a Balance Sheet: Step-by0Step Guide with Format, Example & Best Practices
ACCOUNTING

How to Prepare a Balance Sheet: Step-by0Step Guide with Format, Example & Best Practices

Learn how to prepare a balance sheet with this comprehensive step-by-step guide. Understand the balance sheet format, components, examples, common mistakes, and how LedgerX Accounting Software helps businesses generate accurate balance sheets instantly.

LedgerX Team • 03 Aug 2026
How to Prepare a Trial Balance: A Complete Step-by-Step Guide for Beginners
ACCOUNTING

How to Prepare a Trial Balance: A Complete Step-by-Step Guide for Beginners

Learn how to prepare a trial balance with this easy step-by-step guide. Understand the format, rules, examples, common mistakes, and how accounting software like LedgerX simplifies trial balance preparation for businesses.

LedgerX Team • 03 Aug 2026
GST Invoicing Software for Indian Businesses (2026): Complete Guide to GST Billing
ACCOUNTING_SOFTWARE

GST Invoicing Software for Indian Businesses (2026): Complete Guide to GST Billing

GST invoicing software helps businesses create compliant GST invoices, manage taxes, generate reports, and simplify accounting. Learn how LedgerX makes GST billing fast, accurate, and fully cloud-based for Indian businesses.

LedgerX Team • 20 Jul 2026
Trial Balance vs Balance Sheet: What's the Difference? (2026 Guide)
ACCOUNTING

Trial Balance vs Balance Sheet: What's the Difference? (2026 Guide)

Confused between a Trial Balance and a Balance Sheet? Learn their differences, purposes, formats, and practical examples. Discover how LedgerX automatically generates both reports for your business.

LedgerX Team • 20 Jul 2026
Current Assets vs Current Liabilities: Complete Guide for Small Businesses (2026)
GENERAL

Current Assets vs Current Liabilities: Complete Guide for Small Businesses (2026)

Current assets and current liabilities are two essential components of every business balance sheet. Learn their meaning, examples, differences, and how LedgerX helps businesses track them automatically.

LedgerX Team • 20 Jul 2026
How to Calculate Closing Balance in Accounting (2026 Guide for Small Businesses)
ACCOUNTING

How to Calculate Closing Balance in Accounting (2026 Guide for Small Businesses)

Closing balance is one of the most important figures in business accounting. Learn how to calculate closing balances accurately for cash, bank, customers, suppliers, and ledgers with practical examples using LedgerX Accounting Software.

LedgerX Team • 20 Jul 2026

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