Ledger and related groups

So Many frequently, I receive comments/feedback from my readers that after downloading the latest software of tally.erp 9 and creating a new company in tally.erp 9 what they should do to learn the tally.erp 9 and how to go ahead. The most confusing thing in tally.erp 9 for a beginner esp if unfamiliar with accounts is the ledgers and grouping of the same

The next step for all such readers, I will suggest to t to create some ledgers in tally.erp 9. Because in when a new company is created in tally.erp 9, two ledger will be created by default that is cash and profit and loss account.

So, until and unless an user create some ledgers in a newly created company, he/she will not be able to post any entries in tally.erp 9

BUT again while creating the ledgers in tally,erp 9, people feels difficulty that is which ledger should be created and more difficult is to determine the group to which a ledger will belongs to.

For the benefit of all such readers, I am giving a brief list in general nature but again some basic ledgers  with related group which every company should have to maintain. Before going further , you should have a look to the basic accountancy that will enhance your understanding to accountancy and tally.erp 9 and will help you to learn tally.erp 9 in a quick and smooth way.

Sr. No. Direct & Indirect Expenses Sundry Creditors/Current Liabilities/ Statutory liabilities, Duties & Taxes Sundry Debtors, Cash & Bank, Current Assets,Loans and advances,Deposit
01 Printing & Stationery Expenses All ledger from whom you  purchase goods, services or fixed assets All customer ledger to whom you sell goods or provide services.
02 Office Expenses Salary payable, professional tax payable, pf payable will come  under Current liabilities Bsnl Deposit, Electricity deposit bank deposit will come under deposit group
03 Travelling Expenses Auditors, Consultants ledger account Investment made in shares or other securities will come under Investments
04 Office Staff Salary All, duties/tax account will come under duties and taxes account. current/saving bank will come under bank accounts
05 Conveyance Expense O.D/ CC/Loan will come under Secured loans/ Bank OCC account
06 Depreciation
Transportation
labour charges, Salary, pf admin charges, electricity bills,maintenance and repairs etc

This is not the exhausted list. It is just for general reference purpose for beginners who are exercising their hands for the first time on accounts/ tally.erp 9.

Further to above, Direct and indirect nature of expenses depends on some factors like nature of business e.g. mfg, company, trading company, service provide etc but these things are for advances users of accounts and is useful for reporting purpose only.

This list is very useful for beginners who wanted to learn tally.erp 9 on their own but again don’t know how to start then they should go through the same

If you like feels this article is useful, then why don’t you retweet it and follow me on twitter @tallynine. I will very glad to see on twitter

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