https://help.tallysolutions.com/docs/te9rel64/Tax_International/Kenya_VAT/party_ledger.htm

Party Ledger (Kenya)

A business deals with customers, wholesalers, retailers and many such business parties on a day-to-day basis. You need to create party ledgers to record transactions that you make, which may involve receipts or payments, or supplies or receipts from these parties.

On this page:

Creating a Supplier Ledger

Creating a Customer Ledger

Creating a Supplier Ledger

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 Under field.

4. Set Maintain balances bill-by-bill to Yes .

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 required Country .

9. Provide bank details, if required.

10. Enter the PIN .

11. Enable the option Set/Alter VAT Details .

12. Provide the relevant details.

The Ledger Creation screen appears as shown below:

13. Press Enter to save.

Creating a Customer Ledger

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 Under field.

4. Set Maintain balances bill-by-bill to Yes .

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 required Country .

9. Provide bank details, if required.

10. Enter the PIN .

11. Enable the option Set/Alter VAT Details .

12. Provide the relevant details.

The Ledger Creation screen appears as shown below:

13. Press Enter to save.