In Tally.ERP 9, you can account for incomes and expenses in the form of sales ledgers and purchase ledgers, respectively.
To create a purchase ledger
1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create .
2. Enter the Name of the purchase ledger.
3. Select Indirect Expenses or Direct Expenses , in the Under field.
4. Set the option Inventory values are affected? to Yes .
5. Set Is VAT/CST Applicable? to Applicable .
6. Enable the option Set/Alter VAT Details? to open the VAT Details screen.
To enter the VAT details
1. Select required Classification .
2. Select required Nature of Transaction .
3. Enter the VAT Rate details, as applicable.
The VAT Details screen appears as shown below:
4. Press Enter to save.
To enter additional details, click F12: Configure , enable the required options, and press Enter .
The expense Ledger Creation screen appears as shown below:
7. Press Enter to save.
To create a sales ledger
1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create .
2. Enter the Name of the sales ledger.
3. Select Indirect Incomes or Direct Incomes in the Under field.
4. Set Inventory values are affected to Yes .
5. Set Is VAT/CST Applicable to Applicable .
6. Enable the option Set/Alter VAT Details to open the VAT Details screen.
To enter the VAT details
1. Select required Classification .
2. Select required Nature of Transaction .
3. Enter the VAT Rate details, as applicable.
The VAT Details screen appears as shown below:
4. Press Enter to save.
To enter additional details, click F12: Configure , enable the required options, and press Enter .
The income Ledger Creation screen appears as shown below:
7. Press Enter to save.
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