Creation of ledger by the help of group
Group : bunch of similar type (nature ) ledgers
Already 28 groups available in tally for creation of ledgers.
These 28 groups are divided in 2 parts
o Primary group : 15 groups : real groups
o Secondary : 13 group : group in group basis
For checking of group in tally go to GOT (gateway of tally ) > charts of accounts > groups > single > (alt + h)
multiple > display
Some main group :
o Groups Ledger
o Capital Capital / drawings
o fixed assets Furniture , building , machinery
o sales Sales / sales return
o purchase Purchase / purchase ret
o indirect income Rent received , commission received , discount received
o indirect exp Rent , stationery , salary , any type of exp
o sundry debtors Credit salesperson , money due for receiving
o sundry creditors Credit supplier , liability to pay
ledger creation in tally
o already 2 ledgers are available in tally
cash
P/L
o For creation of ledgers
o Single ledger
GOT > create
Single > use for complete detailing
o Multi ledger
GOT > charts of Accounts
Ledger
Alt + H
Create multiple ledger
o
Journal Entry creation in tally
Some specific accounting vouchers :
o Contra voucher :F4 : use for cash deposit and withdraw by bank
o Payment voucher :F5 : use
for all types of payment
except cash purchase of
goods
o Receipt voucher :F6 : use for
all types of payment except
cash sales
o Sales voucher :F8 : use for
cash and credit sales of
goods
o Purchase voucher :F9 : use
for cash and credit purchase
of goods
Inventory working in tally
Stock group : use for create similar nature / brand / type of groups and products(items)
Unit of measure : stock item measurement unit
Kg , dozen , nos , lt
Stock item : saleable products
Samsung pro
Samsumg black
Godown / location : stock storing place
Category : similar categorize on the basis of nature / feature
Creating inventory master
Creating steps :
Group : GOT > Inventory info > groups > single / multiple
For detail creation : single
For quick detail creation : multiple
Unit of measure :GOT > Inventory info > UOM >create
Simple > unit with no explanation > kg, lt , number, pcs
Compound > with explanation
o 1 doz= 12nos
o 1 box = 100 nos
Stock item : GOT > Inventory info > stock item > single / multiple
For detail creation : single
For quick detail creation : multiple
Enabling godownin tally : F 11 + F2 > inventory feature
Maintain multiple godowns / location : yes
GOT > Inventory info >godowns> create
Recording all transaction in related vouchers
Accounting vouchers
o Contra voucher :F4 : use for cash deposit and withdraw by bank
o Payment voucher :F5: use for all types of payment except cash purchase of goods
o Receipt voucher :F6 : use for all types of payment except cash sales
Modes of payment / receipt / contra voucher
Single entry mode
Journal or double entry mode
o For switch these mode use configuration key : F12
Use single entry mode : yes
Types of journal entries : single ( nrml ) entries , compound entries
Purchase voucher F9
o Use for purchase of goods on debit and credit mode
o Purchase voucher have 2 modes
Journal entry mode
Ctrl + V
Invoice mode
TRADING INVOICE (ITEM INVOICE)
ALT + I
NON TRADING (SERVICE / ACCOUNTING)
SIMILAR classification as purchase voucher used in
sale F8
debit note (ctrl + f9)(purchase ret )
credit note (sales ret)(ctrl + f8)
sale voucher F8
o Use for sale purchase of goods on debit and credit mode
Debit note voucher ctrl + F9
o Use for purchase return of goods
o Enabling steps for debit note
o GOT > F11 > F2/F1 >invoice group > use debit and credit note : yes > use debit mode in invoice : yes
Credit note voucher ctrl + F8
o Use for sales return of goods
o Enabling steps for credit note
o GOT > F11 > F2/F1 > invoice group > use debit and credit note : yes > use credit debit mode in
invoice : yes
