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Basic Groups in Tally

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

About the Author

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

Leave a Reply 12 comments

Ashok - 5 years ago Reply

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 Rana - 5 years ago Reply

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

amol - 5 years ago Reply

plz send under group for tally basis Knowledge

amol - 5 years ago Reply

please send me under group for Tally Basis Knowledge

AnbuArasu - 4 years ago Reply

Dear sir,

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

krishvdr - 4 years ago Reply

Sir,

i want to know , is there any option this there to print traditional day book with cash balance (It contains Cash book+Journal book+Bank book).

PANKAJ K MAKWANA - 4 years ago Reply

I WANT TO KNOW , WHICH GROUP I SELECTED FOR COMPANYS CASH EXPENCES, I WAS MADE LEDGER
( NAME : CASH EXP OF COMPANY ) BUT I AM CONFUSED IN SELECTION OF GROUP OF THIS LEDGER.
 
PANKAJ
 

Mrs. Sandhya Rathi - 4 years ago Reply

Sir I read the contents of your site regarding tally really helpful for me. But still I not understand how can pass the entry of TDS. How many entries should take in TDS and where can pass under which function keys. Explain me pls about TDS

Mahendra Rana - 4 years ago Reply

Helllo Mrs. Rathi,
Thanks for your feedback. For TDS, first of all, you need to set up in Ledger masters (expenses ledger as well as supplier ledger), Create TDS duty ledgers, Set up advance TDS features and apply those settings. Enable TDS deduction in same vouchers, Then while booking an Invoice for TDS purpose use normal journal voucher. There is no function keys needed here at all.!

Ramya - 4 years ago Reply

please send details for ledger and under groups

geeta - 4 years ago Reply

How to create an account,ledger,groups in tally?

harish yadav - 3 years ago Reply

how can lc entries in tally9

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