Creating Party Ledgers

Creating a Supplier Ledger

Creating a Customer Ledger

Entering VAT 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 as the group name, 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. Select the required State.

10. Enter the PIN Code.

11. Provide bank details if required.

12. Enter the PAN/IT Number.

13. Enable the option Set/Alter VAT Details.

To enter the VAT details

• Select the Type of Dealer from the Type of Dealer list.

• Enter TIN/Sales Tax No.

• Click F12: Configure and enable the following options,

• Allow CST Number to define the party’s CST number.

• Allow Exemption Details to select the exemption type as Notification or SEZ as applicable and provide the Notification/SEZ Registration number along with Date.

• Allow Export/Import Code to enter the same if applicable.

Note: Based on the options enabled in F12: Configuration, relevant options will be displayed in VAT Details screen.

• If required enter CST No., Export/Import Code, Type of Exemption, Notification/SEZ Reg.

• Press Enter to save the VAT Details screen.

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 supplier ledger.

3. Select Sundry Debtors as the group name 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. Select the required State.

10. Enter the PIN Code.

11. Provide Bank Details if required.

12. Enter the PAN/IT Number.

13. Enable the option Set/Alter VAT Details.

To enter the VAT Details

• Select the Type of Dealer from the Type of Dealer list.

• Enter TIN/Sales Tax No.

• Click F12: Configure and enable the following options,

• Allow CST Number  to define the party’s CST number.

• Allow Exemption Details  to select the exemption type as Notification or SEZ as applicable and provide the Notification/SEZ Registration number along with Date.

• Allow Export/Import Code

Note: Based on the options enabled in F12: Configuration, relevant options will be displayed in VAT Details screen.

• If required enter CST No., Export/Import Code, Type of Exemption, Notification/SEZ Reg

• Press Enter to save the VAT Details screen.

14. Press Enter to save

Replicate the same steps to create ledgers for suppliers and customers belonging to other states, for interstate purchase and sales.