A general ledger is one of the foundations of accounting. Learn what a general ledger is, how transactions move from journals to ledger accounts, with simple examples, formats, debit and credit entries, and its connection to the trial balance.
The current ratio helps measure whether a business has enough short-term assets to cover its short-term liabilities. Learn the current ratio formula, see simple examples, understand what the result means and how it relates to working capital.
A sales invoice is an important document that records a sale and the amount a customer needs to pay. Learn what a sales invoice contains, see a practical format and GST example, and understand how to create one for your business.
Bookkeeping and accounting both help businesses manage their financial records, but they serve different purposes. Learn how bookkeeping differs from accounting, with simple examples, processes, types and practical guidance 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.
Preparing an opening balance sheet is one of the first steps in setting up your business accounts. This guide explains what an opening balance is, why it is important, and how to record assets, liabilities, and capital correctly using LedgerX accounting software.
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A Profit and Loss Statement helps businesses measure profitability and make informed financial decisions. Learn how to prepare a P&L statement manually and how LedgerX simplifies financial reporting.
Maintaining accurate books of accounts is essential for every small business. Learn the best bookkeeping practices, required accounting records, and how LedgerX helps businesses manage finances efficiently.
New to GST return filing? This beginner-friendly guide explains GST returns, important forms, filing steps, due dates, and how businesses can simplify GST compliance using LedgerX.
Good accounting is the foundation of every successful startup. Learn 25 practical accounting tips to manage finances, avoid costly mistakes, improve cash flow, and build a financially healthy business.
Manage GST, payroll, invoicing and compliance from one platform.
