Type search words and press enter
Experience seamless e-Way Bill enhancements with TallyPrime 5.1. Auto-update distances, generate EWB for Material In/Out, validate State/PIN for exports, bulk convert B2B to B2C, and control GST updates effortlessly. Download TallyPrime 5.1 now!
https://help.tallysolutions.com/docs/te9rel66/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

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

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.