How to Prepare a Profit & Loss Statement: Format, Formula & Examples
ACCOUNTING

How to Prepare a Profit & Loss Statement: Format, Formula & Examples

A Profit & Loss statement shows whether a business made a profit or loss during a specific period. Learn the P&L format, understand revenue and expenses, and see simple examples of how to calculate gross and net profit.

LedgerX Team • 24 Sep 2026

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ACCOUNTING

What Is a General Ledger? Meaning, Format, Examples & How It Works

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.

LedgerX Team • 24 Sep 2026
What Is a General Ledger? Meaning, Format, Examples & How It Works
ACCOUNTING

Current Ratio: Formula, Meaning, Examples & How to Calculate

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.

LedgerX Team • 24 Sep 2026
Current Ratio: Formula, Meaning, Examples & How to Calculate
ACCOUNTING

Sales Invoice: Meaning, Format, Examples & How to Create One

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.

LedgerX Team • 24 Sep 2026
Sales Invoice: Meaning, Format, Examples & How to Create One
ACCOUNTING

Accounting vs Bookkeeping: Difference, Examples, Types & Process

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.

LedgerX Team • 24 Sep 2026
Accounting vs Bookkeeping: Difference, Examples, Types & Process

Latest Articles

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
LedgerX vs Busy Accounting Software: Which is Better for Indian Businesses? (2026)
GENERAL

LedgerX vs Busy Accounting Software: Which is Better for Indian Businesses? (2026)

Trying to decide between LedgerX and Busy Accounting Software? Compare their features, GST billing, inventory management, cloud capabilities, reporting, and usability to find the best accounting software for your business.

LedgerX Team • 14 Jul 2026
LedgerX vs Vyapar: Which Accounting Software is Better for Indian Businesses? (2026)
GENERAL

LedgerX vs Vyapar: Which Accounting Software is Better for Indian Businesses? (2026)

Confused between LedgerX and Vyapar? Compare features, GST billing, cloud accounting, inventory management, AI capabilities, pricing, and ease of use to choose the best accounting software for your business.

LedgerX Team • 14 Jul 2026
Best Free Accounting Software for Small Businesses in India (2026) – Complete Comparison Guide
ACCOUNTING_SOFTWARE

Best Free Accounting Software for Small Businesses in India (2026) – Complete Comparison Guide

Looking for the best free accounting software in India? This comprehensive guide compares the top accounting software for small businesses based on GST billing, invoicing, bookkeeping, inventory management, cloud features, pricing, AI capabilities, and ease of use.

LedgerX Team • 14 Jul 2026
What is GST Billing Software? Everything Small Businesses Need to Know
GST

What is GST Billing Software? Everything Small Businesses Need to Know

Learn what GST billing software is, how it works, its key features, and why every GST-registered business should use one to simplify invoicing and compliance.

LedgerX Team • 30 Jun 2026
What is Cloud Accounting? Benefits, Features & Why Businesses Are Switching in 2026
ACCOUNTING

What is Cloud Accounting? Benefits, Features & Why Businesses Are Switching in 2026

Discover what cloud accounting is, how it works, and why thousands of Indian businesses are replacing desktop accounting software with secure, cloud-based solutions in 2026.

LedgerX Team • 30 Jun 2026

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