How to Create Ledger Accounts ?

At first you go to “Gate way Of Tally” Option, Then

Highlight    Accounts Info  and Press  Enter

Ledger   Press  Enter

Go to Single Ledger option 

Next go to  Create option and  Press  Enter

Then You will see under this Ledger Creation Box :

You write name say “Rahim Knitting Ind. Ltd.”  and  Press Enter

Alias no need to write any things Press Enter

Now  Come  to   Under option

You will see right side  34 group or more You select “Accounts Payable” (Because Rahim Knitting Ind. Ltd. Is a creditors party)

 Next Option , Currency of Ledger,  You write Tk.

Next Option : Maintain balances Bill by bill = Write “No” and Press Enter

Next Option : Inventory values are affected = Write “No” and Press Enter

Next Option : Cost Centres are Applicable = Write “No” and Press Enter

Next Option : Mailing Detail No need to write anything Press Enter – Enter

Next Option : Opening Balance = If any opening balance have then write that Figure and Press Enter

Next Option will come Yes Or No (If you think all information is correct you Press Enter

Now work complete to creation Ledger !!!!

No more today ! see you again later!!

Any question Pls. Call 01815-042350 or Email: zahidul201@yahoo.com or make comments and ask question there

How to Open Group Account ?

At first you go to “Gate way Of Tally” Option, Then

Highlight    Accounts Info  and Press  Enter

Group   Press  Enter

Go to Single Group option 

Next go to  Create option and  Press  Enter

Then You will see under this Group Creation Box : 

You write name as You need.  Press Enter

Alias  no need to write any things Press Enter

Now  Come  to   Under option

You will see right side  34 group Head which was already exists in Tally software .  You can select any one of them as par your principal of accounting.

Next Option , Group behaves like a Sub-Ledger =   Write Yes  Press Enter

Next Option ,  Nett Debit/Credit Balances For Reporting  =  Write No  And Press Enter

Next Option , Used for Calculation )eg Taxex, Discounts) (for Sales Invoice Entry) = Write  No and press Enter

Next Option , Method to Allocate when used in Purchase Invoice = Select Not Applicable and Press Enter

Now press Enter for Yes

Complete to make Group Account. I think you have done!!!!!

Thank You No More Today!!!!

What is the meaning of “Group” in Tally under “Accounts Info” ?

Answer: To understand Group and opening Group Account in Tally  at first take a balance sheet in front of you. You can see that there is a head Bills Payable or Sundry Creditors or Accounts Payable.say figure Tk. 2500000/=.  So this is called Group Accounts. It will be open in Tally soft ware from “Group”   

Because under that head of Accounts there are some Accounts Head  such as

Bills Payable/Sundray Creditors/Accounts Payable                                      2500000/=

Rahim Knitting Ind. Ltd.                      220000/=

Kamal & Brothers                               315000/=

Ring Shine Chemical                          276000/=

Fatullah Textile                                    572000/=

Reaz Textile                                        377000/=

Ahad & Brothers                                 452000/=

Alline Garments                                  288000/=

In Tally,  We will not open under These Group Account. Because, Under the following Group Account already exist in Tally.

Bank Accounts

Bank OCC A/c

Bank O/D A/c

Branch/Division

Capital Account

Cash-In-Hand

Current Assets

Current Liabilities

Deposits(Assets)

Direct expenses

Direct Income

Duties & Taxex

Expenses(Direct)

Expenses(Indirect)

Fixed Assets

Income(Direct)

Income(Indirect)

Indirect Expenses

Indirect Incomes

Investments

Loans & Advances(Assets)

Loans Liabilities

Misc. Expenses (Assets)

Provisions

Purchase Accounts

Reserves & Surplus

Retain Earnings

Sales Accounts

Secured Loans

Stock-In-Hand

Sundry Creditors

Sundry debtors

Suspence Accounts

Unsecured Loans

Next Class I will teach How to Open Group Account & Ledger Account.

Any question Pls. Call 01815-042350 or Email: zahidul201@gmail.com