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?

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How to Prepare an Opening Balance Sheet (2026 Guide for Small Businesses)
BUSINESS

How to Prepare an Opening Balance Sheet (2026 Guide for Small Businesses)

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.

LedgerX Team • 20 Jul 2026
How to Prepare a Profit and Loss Statement (2026 Guide for Small Businesses)
ACCOUNTING

How to Prepare a Profit and Loss Statement (2026 Guide for Small Businesses)

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.

LedgerX Team • 14 Jul 2026
How to Maintain Books of Accounts for a Small Business (2026 Guide)
ACCOUNTING

How to Maintain Books of Accounts for a Small Business (2026 Guide)

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.

LedgerX Team • 14 Jul 2026
GST Return Filing Guide for Beginners (2026): Step-by-Step Guide
ACCOUNTING

GST Return Filing Guide for Beginners (2026): Step-by-Step Guide

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.

LedgerX Team • 14 Jul 2026
25 Accounting Tips Every Startup Should Know in 2026
ACCOUNTING

25 Accounting Tips Every Startup Should Know in 2026

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.

LedgerX Team • 14 Jul 2026
How to Create a GST Invoice in India (2026): Step-by-Step Guide for Businesses
ACCOUNTING

How to Create a GST Invoice in India (2026): Step-by-Step Guide for Businesses

Creating a GST invoice correctly is essential for every Indian business. This guide explains the mandatory invoice fields, GST invoice format, and how to generate professional GST invoices easily using LedgerX accounting software.

LedgerX Team • 14 Jul 2026

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