'''LedgerLite''' is a [[Accounting|double-entry accounting]] system designed according to the minimalist philosophy.
<ref name="capterra">{{cite web|title=The Top 8 Free Accounting Software for Nonprofits|url=http://blog.capterra.com/top-free-accounting-software-for-nonprofit/|website=Capterra Nonprofit Technology Blog|accessdate=18 November 2016|quote=They boast their software as being the “world’s simplest accounting software” and their features include balance sheets, general ledgers, comparative reporting, tax calculations, and income statements.}}</ref>
It is used by many small businesses, clubs and trusts in different countries to do bookkeeping and produce [[Balance_sheet|balance sheets]] and [[Income_statement|income statements]].
<ref>{{cite web|title=Ledger by Responsive Software Limited|url=http://www.shouldiremoveit.com/Ledger-69361-program.aspx|website=Should I Remove It?|accessdate=18 November 2016|quote=While about 57% of users of Ledger come from the United States, it is also popular in United Kingdom and India}}</ref>

LedgerLite is listed on Capterra as one of the top eight free accounting programs for nonprofits.<ref name="capterra"/>
LedgerLite has also received a five-star editor's pick award from Software Informer.<ref>{{cite web|title=LedgerLite Software Informer: Awards|url=http://ledgerlite.software.informer.com/awards/|website=[[Software Informer]]|accessdate=25 January 2017}}</ref>

==Versions==
'''Ledger''' was the [[Freeware|freeware]] precursor to LedgerLite. Ledger was released in February 2005.<ref>{{cite web|title=Free Accounting Software|url=https://web.archive.org/web/20050204071542/http://www.responsive.co.nz/|website=[[Wayback_Machine|Wayback Machine]]|accessdate=4 February 2005}}</ref>

LedgerLite is the shareware successor to Ledger. LedgerLite was released in January 2015.<ref>{{cite web|title=LedgerLite - The World's Simplest Accounting Software|url=https://web.archive.org/web/20150113041617/http://responsive.co.nz/ledgerlite/index.html|website=[[Wayback_Machine|Wayback Machine]]|accessdate=13 January 2015}}</ref>

==Technical Specs==

LedgerLite consists of a single executable file that runs on any version of [[Windows]]. The data is stored in a separate [[database]] file.<ref>{{cite web|title=Where Is My LedgerLite Database Located?|url=http://www.responsive.co.nz/ledgerlite/faq.html#databaselocation|website=LedgerLite|publisher=Responsive software|accessdate=18 November 2016}}</ref>

Two files ('''LedgerLite.EXE''' and '''LedgerLite.LLD''') are all that's required to run LedgerLite on any Windows computer.<ref>{{cite web|title=System Requirements|url=http://www.responsive.co.nz/ledgerlite/specs.html#systemreqs|website=LedgerLite|publisher=Responsive software|accessdate=18 November 2016}}</ref>

LedgerLite is a standalone Windows program that doesn't require an [[Internet]] connection. However it can be configured to run in a
multi-user client/server configuration over a TCP/IP network.<ref>{{cite web|title=How Does LedgerLite Handle Multiple Users?|url=http://www.responsive.co.nz/ledgerlite/faq.html#multipleusers|website=LedgerLite|publisher=Responsive software|accessdate=18 November 2016}}</ref>

The database can be password protected using 128-bit [[Advanced_Encryption_Standard|AES encryption]].<ref>{{cite web|title=Database Encryption|url=http://www.responsive.co.nz/ledgerlite/specs.html#databaseencryption|website=LedgerLite|publisher=Responsive software|accessdate=18 November 2016}}</ref>

==Reviews==
* [http://ledgerlite.software.informer.com/ LedgerLite review by Software Informer]
* [http://en.freedownloadmanager.org/Windows-PC/LedgerLite.html LedgerLite review by FDMlib]
* [http://windows.podnova.com/software/9440108.htm LedgerLite review by Podnova Windows Library]
* [http://www.beginner-bookkeeping.com/bookkeeping-software-free.html Ledger review by Beginner Bookkeeping]
* [http://charity.lovetoknow.com/charitable-organizations/free-accounting-software-nonprofits Ledger review by LoveToKnow]
* [http://ledger.software.informer.com/ Ledger review by Software Informer]
* [http://ledger.sharewarejunction.com/ Ledger review by Shareware Junction]

==References==
{{Reflist}}

==See also==
* [[General ledger]]
* [[Accounting software]]

==External links==
* [http://www.ledgerlite.com/ Official Website]
* [https://groups.google.com/forum/#!forum/responsivesoftware Google Discussion Group for Ledger]
* [https://www.youtube.com/watch?v=eJmma-br-po Setting Opening Balances in YouTube]
* [https://www.facebook.com/ledgerlite/ LedgerLite Facebook Page]

LedgerLite

2017-02-20T00:27:32Z

Matthew Jenkinson: A new article about LedgerLite - a general ledger and cashbook accounting software.

'''LedgerLite''' is a double-entry accounting system designed according to the minimalist philosophy.
<ref name="capterra">{{cite web|title=The Top 8 Free Accounting Software for Nonprofits|url=http://blog.capterra.com/top-free-accounting-software-for-nonprofit/|website=Capterra Nonprofit Technology Blog|accessdate=18 November 2016|quote=They boast their software as being the “world’s simplest accounting software” and their features include balance sheets, general ledgers, comparative reporting, tax calculations, and income statements.}}</ref>
It is used by many small businesses, clubs and trusts in different countries to do bookkeeping and produce [[Balance_sheet|balance sheets]] and [[Income_statement|income statements]].
<ref>{{cite web|title=Ledger by Responsive Software Limited|url=http://www.shouldiremoveit.com/Ledger-69361-program.aspx|website=Should I Remove It?|accessdate=18 November 2016|quote=While about 57% of users of Ledger come from the United States, it is also popular in United Kingdom and India}}</ref>

LedgerLite is listed on Capterra as one of the top eight free accounting programs for nonprofits.<ref name="capterra"/>
LedgerLite has also received a five-star editor's pick award from Software Informer.<ref>{{cite web|title=LedgerLite Software Informer: Awards|url=http://ledgerlite.software.informer.com/awards/|website=[[Software Informer]]|accessdate=25 January 2017}}</ref>

==Versions==
'''Ledger''' was the [[Freeware|freeware]] precursor to LedgerLite. Ledger was released in February 2005.<ref>{{cite web|title=Free Accounting Software|url=https://web.archive.org/web/20050204071542/http://www.responsive.co.nz/|website=[[Wayback_Machine|Wayback Machine]]|accessdate=4 February 2005}}</ref>

LedgerLite is the shareware successor to Ledger. LedgerLite was released in January 2015.<ref>{{cite web|title=LedgerLite - The World's Simplest Accounting Software|url=https://web.archive.org/web/20150113041617/http://responsive.co.nz/ledgerlite/index.html|website=[[Wayback_Machine|Wayback Machine]]|accessdate=13 January 2015}}</ref>

==Technical Specs==

LedgerLite consists of a single executable file that runs on any version of [[Windows]]. The data is stored in a separate [[database]] file.<ref>{{cite web|title=Where Is My LedgerLite Database Located?|url=http://www.responsive.co.nz/ledgerlite/faq.html#databaselocation|website=LedgerLite|publisher=Responsive software|accessdate=18 November 2016}}</ref>

Two files ('''LedgerLite.EXE''' and '''LedgerLite.LLD''') are all that's required to run LedgerLite on any Windows computer.<ref>{{cite web|title=System Requirements|url=http://www.responsive.co.nz/ledgerlite/specs.html#systemreqs|website=LedgerLite|publisher=Responsive software|accessdate=18 November 2016}}</ref>

LedgerLite is a standalone Windows program that doesn't require an [[Internet]] connection. However it can be configured to run in a
multi-user client/server configuration over a TCP/IP network.<ref>{{cite web|title=How Does LedgerLite Handle Multiple Users?|url=http://www.responsive.co.nz/ledgerlite/faq.html#multipleusers|website=LedgerLite|publisher=Responsive software|accessdate=18 November 2016}}</ref>

The database can be password protected using 128-bit [[Advanced_Encryption_Standard|AES encryption]].<ref>{{cite web|title=Database Encryption|url=http://www.responsive.co.nz/ledgerlite/specs.html#databaseencryption|website=LedgerLite|publisher=Responsive software|accessdate=18 November 2016}}</ref>

==Reviews==
* [http://ledgerlite.software.informer.com/ LedgerLite review by Software Informer]
* [http://en.freedownloadmanager.org/Windows-PC/LedgerLite.html LedgerLite review by FDMlib]
* [http://windows.podnova.com/software/9440108.htm LedgerLite review by Podnova Windows Library]
* [http://www.beginner-bookkeeping.com/bookkeeping-software-free.html Ledger review by Beginner Bookkeeping]
* [http://charity.lovetoknow.com/charitable-organizations/free-accounting-software-nonprofits Ledger review by LoveToKnow]
* [http://ledger.software.informer.com/ Ledger review by Software Informer]
* [http://ledger.sharewarejunction.com/ Ledger review by Shareware Junction]

==References==
{{Reflist}}

==See also==
* [[General ledger]]
* [[Accounting software]]

==External links==
* [http://www.ledgerlite.com/ Official Website]
* [https://groups.google.com/forum/#!forum/responsivesoftware Google Discussion Group for Ledger]
* [https://www.youtube.com/watch?v=eJmma-br-po Setting Opening Balances in YouTube]
* [https://www.facebook.com/ledgerlite/ LedgerLite Facebook Page]

Accounting

2017-02-20T00:15:34Z

Matthew Jenkinson: Added an external link to a more detailed explanation of accounting theory and the equation.

'''Accounting''' is the process of recording and summarizing [[business]] transactions, both internal to a company, and external transactions with customers and suppliers, and also to create any reports required by management, creditors, shareholders and government agencies, such as the [[IRS]] or [[SEC]].

Generally accounting can be split into two major categories - Management and Financial, although different terms are used for both. As the name implies, Management accounting is used by the management of an organization. It includes everything from highly summarized reports, to detailed cost analyses. Financial Accounting usually refers to external reporting process, which is primarily for the benefit of the shareholders, although creditors, and sometimes customers, require financial reports.

People who perform this task are called accountants. This term is very broad in that it will include a part-time bookkeeping clerk or the Chief Financial Officer of a large public company. Accountants may obtain a professional designation, Certified Public Accountant, or CPA, which confers certain rights and obligations.

Accounting employs what is called "double entry bookkeeping", in which every transaction is entered as both a debit and credit. Double entry bookkeeping accurately accounts for the relationship expressed in the basic accounting equation; Assets = Liabilities + Equity. This basic equation describes the "balance" between debits (assets) and credits (liabilities and equity). The fundamental financial report is a "balance sheet". The word debit means "left" and the word credit means "right". In general Assets (what you possess) have a debit balance and are listed on the left side of a balance sheet. Liabilities (what you owe) and equity (what you own free of debt) have a credit balance and are listed on the right side of a balance sheet. The first known description if this system was published in 1494 by a Franciscan monk named Luca Pacioli.<ref>Accounting Principles, 16th Edition, Phillip Fess, PhD, CPA & Carl S. Warren, PhD, CPA</ref>

While accounting used to be done by hand, on paper, it is much more frequently done using computer programs today.

== See also ==

*[[Capital]]

==References==
<references/>

==External links==
* [http://www.responsive.co.nz/theory.html A Concise Explanation of the Accounting Equation]

[[Category:Accounting]]