Ledger is a book that is used to store detail of each account. It is actual account heads to which transaction is identified.
1. When user creates a company, at that time very first user creates different ledgers.
2. When user wants to create single ledger account of different group then user must select single ledger option.
3. But if user wants to create different accounts of same group then user must select multiple ledger options.
For creating ledger user follows following steps.
i. From Gateway of Tally, select Account info.
ii. Then select Ledger option, as user wants to create ledger.
iii. If user wants to create single ledger means each account of different groups then select create option of single ledger.
iv. No Tally shows data entry screen for ledger. Now enter name of Ledger account to be created and alias of account, opening balance and group of that account.
v. If user wants to create different accounts of the same group then user must select create option of multiple ledgers.
vi. In this option, first Tally ask to enter name of the group. Then enter the list of all accounts of that group with the opening balance. For example stationery a/c, salary a/c, travelling a/c all falls under the group ‘Indirect Expenses’.
vii. If user want to create various ledger accounts under various groups then select all item in the under group field.