From 1 January 2027, GST e-invoicing will cover additional inward transactions, including specified purchases from unregistered suppliers under reverse charge and imports of services. Learn what is changing, which businesses may be affected and how to prepare your accounting processes.
GST rules changed from 1 November 2026, affecting post-supply discounts, credit notes and certain refund provisions. This guide explains the amendments, their practical impact on businesses, and the accounting records you should maintain.
Managing stock without accurate purchase, sales and cost records can lead to stock discrepancies and unreliable profit calculations. Learn how inventory accounting software helps small businesses track stock movement, understand inventory costs and maintain organized financial records.
Learn how to track business expenses, organize costs, identify unnecessary spending and understand your profit margins. Discover practical expense management strategies for Indian small businesses and how accounting software like LedgerX can simplify financial tracking.
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.
A balance sheet shows what a business owns, what it owes, and the owner's equity at a specific point in time. Learn the standard balance sheet format, understand its components, and see a simple example of how to prepare one.
Bills payable represent amounts a business has formally agreed to pay at a future date. Learn the meaning of bills payable, how they work, journal entries, practical examples, and how they differ from accounts payable.
Accounts receivable and accounts payable are two essential parts of business accounting. Learn what AR and AP mean, how they differ, with practical examples, accounting entries, formulas, processes, and tips for managing business cash flow.
Manage GST, payroll, invoicing and compliance from one platform.
