Ledger Creation in Tally

Ledger Creation in Tally

Hello everyone,

Today I’m going to show, How to create Ledgers in Tally ERP 9. It is very easy to create ledgers in Tally.

In fact, it takes less than a minute to create single ledger in Tally. By default Tally gives 2 ledgers. They are:

  1. Cash account and
  2. Profit & Loss account.

Remaining all have to be manually create before entering vouchers in tally. There are 2 ways to create ledgers in Tally. One way is to create a Single ledger and the second way is creating Multiple Ledger.

When you want to create 1 or 2 ledgers go with Single ledger creation option.

Accounts info > Ledger > Create (Single)

Whereas, when you want to create more ledgers go with Multiple Ledger Creation option.

Accounts info > Ledger > Create (Multiple)

To create Single ledger follow the below steps:

Gateway of Tally – Go to Accounts info

Ledger Creation in Tally

Click on Ledgers

Ledger Creation in Tally

Click on Create under Single Ledger

Ledger Creation in Tally

Now you will see the ledger creation page, where you need to enter all the details like:

Name of the ledger: eg: Buildings account or Furniture account etc.,

Under Group: This ledger comes under which group like Fixed Assets, current Assets depends on the nature of ledger. Buildings and Furniture comes under Fixed Assets, so select Fixed Assets group.

Inventory values are affected: If you are maintaining stock make this as Yes

Mailing Address: Enter Name and Address details mostly we can use this part to enter details of Debtors & Creditors. Buildings, Furniture etc., are not humans, so we can skip for this.

Tax registration Details:

Enter PAN details.

Opening balance:  Opening balance of the ledger if any (includes carry forward also)

Ledger Creation in Tally

To create Multiple ledger follow the below steps

Creating multiple ledgers is also easy, main advantage of using this is we can save time.

Gateway of Tally – Go to Accounts info

Click on Ledgers

Click on Create under Multiple Ledger

Ledger Creation in Tally

Next Multi ledger creation screen will open, here you will find Under Group option, this has 2 ways.

  1. Creating ledgers under only 1 group &
  2. Creating ledgers under different groups.

Creating ledgers under only 1 group

Example: If you want to create ledgers under Indirect Expenses such as Depreciation, Salaries, office expenses etc., you can enter as shown below:

Ledger Creation in Tally

In that I selected only one group because I am entering ledgers of same group.

Creating ledgers under different groups

Example: If you want to create ledgers under different groups then select under groups as All items.

There you can enter different types of ledgers besides that you can select particular group and opening balance (if any).

Ledger Creation in Tally

These are the ways to create ledgers in Tally under Single and Multiple ledger creation options.

 

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One Comment on “Ledger Creation in Tally”

  1. This blog explains us everything in brief about how to create Ledgers In Tally.
    Everything is cleanly explained and in step by step process of creating ledgers under single group and different groups.
    People who are looking for this may blindly follow this step by step process and you are done.

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