To create a Customer ledger,
Go to Gateway of Tally > Accounts Info > Ledgers > Create
In the Name field enter the name of the company to which the services are provided e.g. Icons Computers
In Under field select Sundry Debtors from the List of Groups
Set Maintain balances bill-by-bill to Yes.
Enter details in the Default Credit Period if applicable
Set Is Service Tax Applicable to Yes to view the Exemption Details screen to display
In the Exemption Details screen
In Type of Classification select Not Applicable. The option Exempt will be selected when the tax is not payable
Enter the Mailing details and Tax information
Accept the screen to save
Note: From Rel 4.8 an option to provide Bank Details is provided in the Ledger Master.
Similarly, you can create Supplier ledgers.
'Creating a Customer ledger' has been shared with
