Creating Ledgers<\/strong><\/td>\n| \n Understanding what ledgers are for: Ledgers in Tally record all of the transactions for that account. One will need to create a ledger for each account that they do business with. Two ledgers are included in Tally by default: “Cash” and “Profit and Loss Account”<\/strong>. We can create as many other ledgers as we need. How to?<\/p>\nStep 1:<\/strong> Open Create Ledger window by following the given direction: Gateway of Tally > Account’s Info > Ledger > Create<\/p>\nStep 2:<\/strong> Select the group. Here we will be required to select as to which group the ledger will be assigned to. Choosing the right group is important, as it will affect how numbers and sales are totalled later<\/p>\nStep 3:<\/strong> Give the ledger a name. Enter a name for your ledger to know what the ledger contains in it without having to open it<\/p>\nStep 4:<\/strong> Enter an opening balance (if any).For Example: If you are creating a ledger for your bank account, this would be the amount currently in it. If you are starting a ledger for the amount owed to a Vendor, the amount you owe would be the starting balance<\/p>\n<\/td>\n<\/tr>\n\nCreating Vouchers<\/strong><\/td>\n| \n Understand the purpose of vouchers: It is a document that contains the details of a financial transaction. These are used for all aspects of a business, from sales to deposits. Tally.ERP 9 comes with several of the most popular types of vouchers pre-configured for usage. How to create different vouchers? Step 1: Open the vouchers screen using the following direction: Gateway of Tally > Accounting Vouchers<\/p>\n Step 2:<\/strong> In this step, we can choose the voucher we want to create. Here’s is the list :<\/p>\n\n\n\nF4: Contra<\/span><\/span><\/strong><\/td>\n| For recording money deposited into or withdrawn from the bank, or for recording any sum transferred between two accounts in the same company.<\/td>\n<\/tr>\n | \nF5: Payment<\/strong><\/td>\n| This voucher is used for payments made by the business.<\/td>\n<\/tr>\n | \nF6: Receipts<\/strong><\/td>\n| For recording any income earned by the company (sales, rent, interest, etc.) and for recording the proceeds received from Sundry debtors.<\/td>\n<\/tr>\n | \nF7: Journal<\/strong><\/td>\n| For recording all adjustment or due entries such as prepaid expense, accrued income etc., For recording purchase of assets for recording Input tax reversal entries, reverse charge entries under GST<\/td>\n<\/tr>\n | \nF8: Sales<\/strong><\/td>\n| This is used for recording all the sales made by the company<\/td>\n<\/tr>\n | \nF9: Purchase<\/strong><\/td>\n| This is used for recording all the inventories purchased by the company in the course of business.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n Step 3:<\/strong> Enter the mandatory information.
The information needed to complete the voucher will vary depending on the type of voucher we want to create. We will have to typically need to determine which ledger the voucher will be attached to, as well as enter the date and names of any involved parties.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":" In this article, we’ll find out about Tally ERP 9, its features, versions, and How [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":999964404,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-999964395","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-additional-tutorials"],"_links":{"self":[{"href":"https:\/\/f60host.com\/support\/wp-json\/wp\/v2\/posts\/999964395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/f60host.com\/support\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/f60host.com\/support\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/f60host.com\/support\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/f60host.com\/support\/wp-json\/wp\/v2\/comments?post=999964395"}],"version-history":[{"count":0,"href":"https:\/\/f60host.com\/support\/wp-json\/wp\/v2\/posts\/999964395\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/f60host.com\/support\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/f60host.com\/support\/wp-json\/wp\/v2\/media?parent=999964395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/f60host.com\/support\/wp-json\/wp\/v2\/categories?post=999964395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/f60host.com\/support\/wp-json\/wp\/v2\/tags?post=999964395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} | | | | | | | | | | ![\"What](\"https:\/\/f60host.com\/support\/wp-content\/uploads\/2023\/06\/What-is-Tally-ERP-9-How-to-use-Tally-ERP-9-Software-jpg.webp\")
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