https://help.tallysolutions.com/docs/te9rel64/Tax_India/excise-mfg/em-party-ledger.htm

Creating Party Ledgers (Excise for Manufacturer)

Parties who supply excise goods or raw material for manufacturing excise goods, and customer purchase such goods can be created as ledgers.

On this page:

Creating a Supplier Ledger

Creating a Customer Ledger

Creating a Branch/Division

To create a supplier ledger

1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create .

2. Enter the Name of the supplier ledger.

3. Select Sundry Creditors from the List of Groups in the field Under .

4. Enable the option Maintain balances bill-by-bill .

5. Enter the Default Credit Period , if any.

6. Set Check for credit days during voucher entry to Yes , if required.

7. Enter the Mailing Details .

8. Select the Country to which the supplier belongs. The application will infer the nature of removal based on the country selected.

9. Select the State , if applicable .

o Enter bank details, if required.

o Enter the PAN .

o Enable the option Set/Alter Excise Details to enter the excise details of the branch.

o Enable the option Set/Alter VAT Details , if required.

o Enter the opening balance, if any.

The completed supplier ledger appears as shown below:

10. Press Enter to save.

To create a customer ledger

1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create .

2. Enter the Name of the customer ledger

3. Select Sundry Debtors from the List of Groups in the field Under .

4. Enable the option Maintain balances bill-by-bill .

5. Enter the Default Credit Period , if any

6. Set Check for credit days during voucher entry to Yes if required

7. Enter the Mailing Details .

8. Select the Country to which the supplier belongs. The application will infer the nature of removal based on the country selected.

9. Select the State , if applicable .

10. Enter bank details, if required.

11. Enter the PIN Code , if applicable.

12. Enter the PAN .

13. Enable the option Set/Alter Excise Details to enter the excise details of the branch.

14. Enable the option Set/ Alter VAT Details , if required.

15. Enter the opening balance, if any.

The completed customer ledger appears as shown below:

16. Press Enter to save.

To create a Branch/Division

1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create .

2. Enter the Name of the branch/division.

3. Select Branch/Division from the List of Groups in the field Under .

4. Enable the option Inventory values are affected , if required.

5. Enter the Mailing Details .

6. Select the Country to which the supplier belongs. The application will infer the nature of removal based on the country selected.

7. Select the State .

8. Enter the PIN Code .

9. Enter the bank details, if required

10. Enter the PAN.

11. Enable the option Set/Alter VAT Details , if required.

12. Enter the opening balance, if any.

The completed branch or division ledger appears as shown below:

13. Press Enter to save .

Click a link below for configuring the party ledger :

Modifying Nature of Removal

Recording IEC in a Party Ledger

Recording Notification Details