Before Create LEDGER, Check Master Configuration (Account) & configure it (if require)
Press "F12" on the "Gateway of Tally" screen
Select "Accts/Inventory Info."


Allow Aliases along with Names :-
by default, it's value Yes. Keep it Yes. This option allows you to give Aliases Name of Group/Ledger etc
Allow Language Aliases along with Names:-
by default, it's NO. This option allows you to use 2nd name of Group/Ledger in different language. It's generally not needed for common use, if require-please YES it.
Allow Advances entries in Master:-
by default, it's YES. It allow you to enjoy different feature at the time of creation Group/Ledger. Keep it YES for better result.
Use addresses for Ledger Account:- by default, it's Yes. It allows you to put address for the Debtor, Creator or other Parties Address. Keep it YES for better result, otherwise NO it.
Use Contact Details:-
by default, it's NO. It allows you to put address for the Debtor, Creator or other Parties Address. Keep it YES for better result, otherwise NO it.
Add Notes for Ledger Accounts:- by default, it's NO. If you want to keep more information for ledger, keep it YES, otherwise NO.

To create LEDGER:-


(There are two default ledgers i.e. CASH A/c & Profit & Loss A/c. No need to create)
Launch Tally software --> Company (in case of multiple companies) --> Gateway of Tally --> Accounts Info. (Press Enter) --> Select Ledger & Press Enter --> Select Create & Press Enter --> follow under mentioned picture:

Name:- Put name of the account. Tally does not support duplicate name.

Alias Name:- Put alias name, if any. It's optional field.

Under:- It's very important factor because it indicate the Ledger character. Each account must be classified under an appropriate Group. Example, Machinery A/c under Fixed Assets, not under Direct Expense. Wages A/c under Direct Expense, not under Fixed Assets. (If Group is not ready, place pointer on UNDER tab & press ALT+C to create New Group)

Maintain balance Bill by Bill:- If you need Bill by Bill balance, then PRESS F11 KEY on GATEWAY of TALLY screen & select "ACCOUNTING FEATURES" & then put "Y" (YES) on BILL WISE DETAILS = YES
& NON TRADING ACCOUNT ALSO = YES


Inventory Values are affected:- Some accounts affect to the Inventory Values. If ledger account affect inventory value, so choose option suffices "Y" i.e. "YES". Otherwise keep it suffices "N" i.e. "NO"

Opening Balance & Dr/Cr:- Put opening balance of accounts. Mainly assets & liabilities have opening balance. After putting balance, choose suffices "D" i.e. "Dr Balance" or suffices "C" i.e. "Cr Balance". Normally Assets have "Dr" balance & Liabilities have "Cr" balance.

Accepts Yes/No :- Press suffices "Y" i.e. "Yes" or "N" i.e. No


To Display LEDGER:-

You can view any LEDGER account by selecting DISPLAY option.
Launch Tally software --> Company (in case of multiple companies) --> Gateway of Tally --> Accounts Info. (Press Enter) --> Select Ledger & Press Enter --> Select DISPLY & Press Enter

To Alter LEDGER:-

You can change/alter/modify any LEDGER account by selecting ALTER option.
Launch Tally software --> Company (in case of multiple companies) --> Gateway of Tally --> Accounts Info. (Press Enter) --> Select Ledger & Press Enter --> Select ALTER & Press Enter
Modify your LEDGER as per your requirement

To Alter LEDGER:-

You can delete any ledger by following way
Launch Tally software --> Company (in case of multiple company) --> Gateway of Tally --> Accounts Info. (Press Enter) --> Select Ledger & Press Enter --> Select ALTER & Press Enter
--> then press "ALT+D"

To Create Online LEDGER:-

Say you are in voucher page & you need to create a Ledger. Just move pointer to the ledger place & press "ALT+C". This way you create online ledger from the voucher page.

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Pijush Roy, Founder & Author of "Share Your Knowledge", is a young freelance blogger, a reader, a painter, .....read more


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