📎 This article includes 1 downloadable practice file ↓
Tally organises every account (a ledger) under a group. The group decides where it appears in the balance sheet and P&L, so choosing correctly matters more than the ledger name.
Groups you’ll use most
| Group | Ledgers |
|---|---|
| Sundry Debtors / Creditors | Customers / suppliers (with GSTIN, state, bill-wise) |
| Bank Accounts / Cash-in-Hand | Bank accounts, cash |
| Sales / Purchase Accounts | Sales and purchases (with GST rates) |
| Duties & Taxes | CGST, SGST, IGST, TDS payable |
| Direct / Indirect Expenses | Freight inward / rent, salaries, telephone |
| Fixed Assets | Computers, furniture, vehicles |
Create a ledger
Create › Ledger: name, group, opening balance, and for parties: bill-wise details, address, state and GSTIN (needed for correct GST and returns).
Where beginners go wrong
| Mistake | Effect |
|---|---|
| Customer created under Sales Accounts | Outstanding reports empty, P&L wrong |
| Missing state/GSTIN | Wrong tax type, GSTR-1 errors |
| Duplicate ledgers for the same party | Split balances; merge or alter |
Menus follow TallyPrime (current versions); older Tally ERP 9 menus differ. GST rates and rules shown are examples; confirm current rules before filing.
Practice
Create the ledgers in the checklist and check the trial balance.
📎 Practice files for this article
- 📄Lesson 2 checklistStep-by-step exercises for this lesson.⬇ TXT · 390 B
Free to use for learning. Files with macros (.bas) are plain text — import them with Alt+F11 → File → Import File, and always test on a copy.
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