#tallyprime #tally #tallyprimerelease3 #tallyerp9 #tallyaddons #tallycourse #ledger #ledgerposting #ledgercreation #ledgeraccounts #ledgercreation #ledgeralter #deepakjhanswa #deepak
Create a Ledger
Once the company is created, you can create ledgers to account for the expenses, incomes, assets and liabilities of your business. In TallyPrime, you can create ledgers one at a time or create ledgers in one go.
1. Press Alt+G -Go To - Create Master - type or select Ledger and press Enter.
Alternatively, Gateway of Tally - Create - type or select Ledger and press Enter.
2. Name: Enter the name of the ledger account you want to create.
You cannot create two ledger accounts with the same name.
3. Alias: Enter the alias of the ledger account, if required. You can access the ledgers using the original name or the alias name.
Alias is the alternate name for the ledger accounts. You can create Alias at the time of creation or also can modify the respective ledger later. While selecting the ledger, you can choose the Alias name and the same ledger account gets selected.
4. Under: Enter the group from the List of Groups under which the ledger is created.
All the ledgers must be grouped correctly to record the transaction under the proper heads. For example: If you are creating a ledger for Office Expenses, then you need to create the ledger under the Indirect Expenses group.
5. Note: To create a new group from this field, press Alt+C. You can alter a ledger account to change its group classification at any time.
Fill in the other necessary details such as Mailing Details, Banking Details and Tax Registration Details.
6. Opening Balance: Enter the carry forward balance from the previous year as the opening balance.
Opening Balance is applicable when the ledger is an asset or a liability, and also if it has a closing balance in the account at the end of the period.
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