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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.…
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Creating Ledgers in Normal Mode

Your F11: Features and F12: Configure settings for a company defines the ledger creation. To create single ledger in normal mode Go to Gateway of Tally > Accounts Info. > Ledgers > Create (Single Ledger) The Ledger Creation screen displays…
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Creating Ledgers with Advanced Entries

Your F11: Features and F12: Configure settings for a company defines the ledger creation. To create a ledger in the advanced mode Enable the following features in F1:Account under F11:Features: Allow multi-currency Maintain bill-wise details Maintain cost centres Activate interest…
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Creating Purchase and Sales Ledgers

Purchase or sales ledgers are required for trading, repacking or in manufacturing products. Sales and purchase account groups are revenue accounts and are used in the profit and loss account. To create a purchase/sales ledger Go to Gateway of Tally…
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Creating Expenses and Income Ledgers

To create an expense and Income ledger 1.     Go to Gateway of Tally > Accounts Info. > Ledgers > Create. 2.     Enter the name of the ledger in the Name field. 3.     Select Indirect Expenses from the List of Groups in the Under field.…
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Creating Party Ledgers

Party ledgers must be created under Sundry Debtors or Sundry Creditors group. Customers (Sundry Debtors) buy goods or services for cash or on credit. Suppliers (Sundry Creditors) supply goods and services for cash or on credit. To create a party…
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Creating Bank Ledgers

Bank ledgers have to be created under the group Bank Accounts/Bank OCC Account/Bank OD Account. Configurations for cheque register, cheque printing, bank reconciliation have to be made in the ledger master. To create a bank ledger 1.     Go to Gateway of…
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Creating Duty and Taxes Ledger

Tax Ledgers should be created under Duties and Taxes group which contains all tax accounts like VAT, CENVAT, Excise, Sales and other trade taxes and total liability. To create a Tax Ledger Go to Gateway of Tally > Accounts Info.…
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Creating Current Liabilities and Current Assets Ledgers

Accounts like Outstanding Liabilities, Statutory Liabilities and other minor liabilities can be created directly under Current Liabilities and Assets can be classified as Current assets and Fixed assets. To create Fixed Assets ledger Go  to Gateway of Tally > Accounts…
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