Today in this tutorial post we learn about the task of how to create ledgers in Tally ERP 9. Ledger means a book or collection of financial accounts.
1. Open the program Tally ERP 9
How to create Ledgers in Tally ER9
Follow the complete steps below to create a ledger in Tally ERP 9.1. Open the program Tally ERP 9
2. Create a company. Read how to create a company in Tally ERP 9.
3. Click the Accounts Info under the Gateway of Tally window.
5. Give the ledger name, in under select the sufficient group from the right-side list of the Groups dialog box.
Below a list of containing Ledgers and their respective Groups.
| Ledger Account | Group Account |
|---|---|
| Capital account | Capital account |
| Furniture account | Fixed assets |
| Machinery account | Fixed assets |
| Purchase accounts | Purchase accounts |
| Sales accounts | Sales accounts |
| Return inward | Sales accounts |
| Return outward | Purchase accounts |
| Cash in hand | Current assets |
| Bank accounts | Bank accounts |
| Debtors | Sundry debtors |
| Creditors | Sundry creditors |
| Carriage inward | Indirect expenses |
| Carriage outward | Indirect expenses |
| Discount received | Indirect incomes |
| Discount allowed | Indirect expenses |
| Salary | Indirect expenses |
| Commission paid | Indirect expenses |
| Rent paid | Indirect expenses |
| Advertisement | Indirect expenses |
| Rent received | Indirect income |
| Outstanding salary | Current liability |
| Bill receivable | Current assets |
| Bill payable | Current liability |
That's all about the creation of Ledgers in Tally ERP 9. In times of creating a ledger, you must have to remember the respected Group of the particular ledger.
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