Basic Groups in Tally

Posted on April 15, 2009 by Mahendra • 5 Comments

Here is the list of basic groups in TALLY.

These groups are universal for all tally version starting from tally 4.5 to Tally ERP 9.
When you start writing new books of account of any company there will be only two ledger account (Default ledger) cash and profit and loss account. So, you has to create all related ledger account for his/her requirement.

Every ledger account must be shown under an appropriate group account. The Groups in Tally is very simple and are self explanatory however for beginners I will throw a detailed light on how to select a correct group for any ledger account.

Choosing a correct group for a ledger account help in viewing the financial position in a better way otherwise the financial statements will not give a true and correct picture. Further you will not be able to make certain entry if you have chosen some wrong group

Mahendra (192 Posts)

Mahendra is founder and CEO of the I Vision Infotech, Authorised Tally Sales and Service Partner and helping Tally users to learn Tally and accounting free through this site

amol

please send me under group for Tally Basis Knowledge

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plz send under group for tally basis Knowledge

Ashok

I want to learn tally through e-mail service free. Though i have learnt from an expart but not that much which supposed to learn. Please write to my email address i am waiting for your suggestion.

Mahendra

Ashok,
I don't think some one is free to provide Tally learning through email!
First you need to understand the accountancy if you know the "A" of accountancy you don't need to learn Tally

AnbuArasu 5 pts

Dear sir,

I want to fetch the Current Liabilities and Current Assets from Tally using TDL.