Ledger and related groups in Accounts
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 creating some ledgers in the Tally.ERP 9. Because in when a new company is created in the Tally.ERP 9. Two ledgers will be created by default that is cash and profit and loss account.
So, until and unless a user creates 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 belong 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|
|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 depend on some factors like nature of business e.g. Mfg, company, trading company, service provides etc but these things are for advanced 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
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