In this comprehensive tutorial, we'll guide you through the intricacies of managing Chart of Accounts in Tally Prime, with a specific focus on creating Multiple Ledgers and Multiple Groups. Whether you're a beginner or looking to transition from Tally ERP 9, this tutorial will streamline your understanding of the updated master creation process.
Highlights:
1. Introduction to Tally Prime Changes: Discover the differences between Tally Prime and its predecessor, Tally ERP 9, particularly in master creation.
2. Time-Saving Benefits of Multiple Masters: Recap the time-saving advantages of creating Multiple Masters, with a reference link provided for further exploration.
3. Navigating to Chart of Accounts in Tally Prime: Learn the step-by-step process of accessing the Chart of Accounts section under the Gateway of Tally.
4. Multi Masters Option (Shortcut Key: ALT+H): Uncover the magic on the right side of the screen with the Multi Masters option. Use the shortcut key ALT+H to efficiently create or alter multiple Ledger accounts.
5. Creating Multiple Ledger Accounts: Follow the tutorial's guidance on creating as many Ledger accounts as needed under a specific Group, with the option to specify last year closing balances as opening balances.
6. Neat Organization in List of Ledgers: Experience the satisfaction of finding newly created Multiple Ledger accounts neatly organized under their respective Groups in the List of Ledgers.
7. Creating Multiple Groups: Explore the straightforward process of creating Multiple Groups in Tally Prime. From the Gateway of Tally, effortlessly create Subgroups under desired Accounting Groups.
8. ALT+G Shortcut for Quick Navigation: Discover the ALT+G shortcut for quick access to the Go-To window, allowing direct movement to the desired screen, such as Chart of Accounts.
9. Editing Multiple Ledgers or Groups: Learn how to edit Multiple Ledgers or Groups with ease. Simply choose the Alter option from the multi-Master list.
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