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Creating Discount Ledger (Kenya)

Ledgers for any indirect expense like discounts, packing charges etc. can be created

To create a Discount Ledger

1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create .

2. Enter the Name of the ledger.

3. Select Indirect Expenses as the group name in the Under field.

4. Set the option Inventory Values are affected to No .

5. Set the option Is VAT Applicable? to Not Applicable .

6. Select VAT in the Include in assessable value calculation for: field.

7. Select Based on Value in the Method of Calculation field.

8. Press Enter to accept and save the ledger.