Type search words and press enter
TallyPrime now automatically fetches the distance between origin and destination pincodes, and prints it in the e-Way Bill. You no longer have to manually enter this distance. Download TallyPrime Release 5.1 now!
https://help.tallysolutions.com/docs/te9rel62/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.