How do you create ledgers in Tally ?

Ledgers are Accounting masters in Tally. Every company in Tally has two pre-defined ledgers.

  1. Cash (Its under the group Cash – in – hand )
  2. Profit and Loss A/c (Its under Primary group)

We can alter, delete cash ledger as per our requirement . We can alter profit and loss a/c but we are not allowed to delete the profit and loss a/c.

pre-defined ledgers

How to create Ledgers:

We can create Ledgers in two ways.

  1. Single Mode
  2. Multiple Mode

Single Mode :

In Single mode , we have to specify the ledger name first, then press enter and list of groups appear. Select the appropriate group from the 28 group list . Press Enter — Some features according to groups will appear now . Activate the features if necessary . (Better to skip the features now. We will discuss about the features in later chapters ). Press Enter — > Now enter the opening balance there — Press Enter — Accept -yes .

Ledger Creation in single entry mode

now accept the total screen

Warnings / Errors:

When we are creating the ledgers, there some warnings / errors will display in some situations.

Those are . …

  • If you create a ledger with any existing (already created) ledger name, then error will display
Error when two ledgers have same name
  • If you select more than one group from list of groups, then the error/ warning will display. (You have to select only one group from the list for particular one group )
when you select too many groups

How can we alter / delete the ledgers:

Alter feature in ledgers allows user to modify the ledgers, and to delete also. For that, go to gateway of tally — accounts info — ledgers — single ledger — alter — select the ledger — press enter — now modify the ledger / delete the ledger by pressing ALT + D — press enter …!

alter option