Steps of ledgers creation in tally prime
1. Open Tally Prime: Launch the application on your device.
2. Go to "Master": On the main screen, you will find the "Master" option. Click on it.
3. Select "Accounting Masters": Inside "Master", there is an option named "Accounting Masters". Choose that.
4. Choose "Ledgers": There will be a few options in front of you. Look for "Ledgers" and select it.
5. Click on "Create": After selecting "Ledgers", you will find three options: "Create", "Alter" and "Display". Click on "Create".
6. Fill the details: Now, fill in the necessary details such as the name of the ledger, the under group it falls, the currency, the formal name, the GST applicable details etc.
7. Save the ledger: Once all the details are filled in, save the ledger by pressing Enter.
8. Repeat for additional ledgers: If you need more ledgers, repeat the steps from 5 to 7.
9. Verify and finalize: Double-check all the entries and details in each ledger. If everything is accurate, you have successfully created a ledger in Tally Prime.
Remember that when creating a ledger, you should take care of what group it belongs to because it determines the ledger's behavior and the financial statements where it appears.
Creating ledgers in Tally Prime involves the following steps:
Step 1: Launch Tally Prime and open a company file.
Step 2: Go to the Gateway of Tally or press "F1" on your keyboard to access the main menu.
Step 3: From the main menu, select "Accounts Info" and choose "Ledgers."
Step 4: Click on "Create" (Shortcut Key: Alt+C) to create a new ledger.
Step 5: Enter the Name of the ledger, which can be the name of the account or any other relevant information.
Step 6: Choose the appropriate Group under which the ledger should be classified. You can select from the predefined groups or create a new group if needed.
Step 7: Select the applicable options such as Inventory values, Cost Centers, and other details as per your requirements.
Step 8: Fill in additional information like Opening Balance, if any, and adjust the required fields like Address, Contact details, etc.
Step 9: Save the ledger by pressing "Enter" or using the shortcut key "Ctrl+A."
Step 10: Repeat the above steps for creating additional ledgers, if needed.
That's it! You have now successfully created ledgers in Tally Prime. Repeat these steps for each ledger you want to create.