Creating Ledgers,Single Ledger,Multiple Ledgers

Creating a Single Ledger

Creating Multiple Ledgers

Debtor/Creditor Classification

Creating a Single Ledger

You can create:

  • Cash ledger

  • Profit and loss account ledger

Note: Any number of cash accounts can be created in any other name. For example: petty cash. But only one profit and loss account can be created.

To create a single ledger

  1. Go  to Gateway of Tally > Accounts Info > Ledgers > Create

Ledgers can be created in Normal mode or in Advance mode.

Creating Multiple Ledgers

You can create multiple ledgers at a time.

To create multiple ledgers

  1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create (Multiple Ledgers)

The Multi Ledger Creation screen is displayed as shown below:

  Creating Expenses and Income Ledgers

Multi-Ledger-Creation-screen

  1. Select the group the List of Groups under which you want to create the ledgers. Selecting All Items in Under Group field lets you select multiple groups.

Note: You can create a new group from this field by pressing Alt+C.

  1. Enter the Opening Balance (balance remaining when you first entered your books on Tally.ERP 9). If you maintain balances bill-by-bill, enter bill details. See Creating a Ledger- Advanced Usage for more details.

  1. Select Dr/Cr for the opening balance to specify debit or credit respectively.

  Creating Ledgers with Advanced Entries

Note: While creating multiple ledgers, the field Cost Centres is set to Yes for revenue accounts and No for non-revenue accounts. The field inventory values affected is set to Yes for sales and purchase accounts and No for the others by default.

Debtor/Creditor Classification

For information on debtor and creditor classification, see Classifying Debtor/Creditor.

Rate this post

Share this post

Post Comment