Party Ledgers

On this page:

Creating a Supplier Ledger

Creating a Customer Ledger

Creating a Branch/Division

Configuring Party Ledgers

Modifying Nature of Removal

Recording IEC in a Party Ledger

Recording Notification Details

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.If the country selected is India, the nature of removal is Domestic by default.  

9. Select the State, if applicableOn selecting a country other than India, the cursor skips the fields State..

10. Enter bank details, if required.

11. Enter the PAN.

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

    To enter the supplier's excise details

    1. Select the Default Nature of Purchase.

    2. Enter ECC NoECC number is PAN based, and has 15 digits. The format of ECC no. is ABCDE1234HXM001..

    3. Enter the IEC number.

    4. Enter the Range, Division, and Commisionerate. To define jurisdiction details specific to different periods, click L: Details.

       1. Enter the period from which the details of range entered, will be applicable from.

       2. Enter the Range, Division and Commisionerate.

       3. Press Enter.

       4. Enter the date Applicable From, Code, Name and Address for another period, if required.

        

    5. Press Enter.

     

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

14. Enter the opening balance, if any.

The completed supplier ledger appears as shown below:

14. 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.If the country selected is India, the nature of removal is Domestic by default.  

9. Select the State, if applicableOn selecting a country other than India, the cursor skips the fields State..

10. Enter bank details, if required.

11. Enter the PIN Code, if applicable.On selecting a country other than India, the cursor skips the fields Pin Code.

12. Enter the PAN.

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

    To enter the supplier's excise details,

    1. Select the Default Nature of Purchase.

    2. Select the Nature of Removal, as required.

    3. Enter ECC NoECC number is PAN based, and has 15 digits. The format of ECC no. is ABCDE1234HXM001..

    4. Enter the IEC code.

    5. Enter the Range, Division, and Commisionerate. To define jurisdiction details specific to different periods, click L: Details.

       1. Enter the period from which the details of range entered, will be applicable from.

       2. Enter the Range, Division and Commisionerate.

       3. Press Enter.

       4. Enter the date Applicable From, Code, Name and Address for another period, if required.

        

    6. Press Enter.

     

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:

1. 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.If the country selected is India, the nature of removal is Domestic by default.  

7. Select the StateOn selecting a country other than India, the cursor skips the fields State..

8. Enter the PIN CodeOn selecting a country other than India, the cursor skips the fields 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