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:
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 .
To enter VAT details
1. Select the Type of Dealer from the Type of Dealer list.
2. Enter the VAT No.
The VAT Details screen appears as shown below:
3. Press Enter to save.
To enter the exemption details of the supplier
1. Press F12: Configure in the VAT Details screen.
2. Set the option Allow exemption details? to Yes .
3. Press Ctrl+A to return to the VAT Details screen.
4. Select the Type of Exemption .
5. Enter the Exemption Certificate No. , if required.
The VAT Details screen appears as shown below:
6. Press Enter to return to the Ledger Creation screen.
12. Provide the relevant details.
The Ledger Creation screen appears as shown below:
13. 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 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 .
To enter the VAT details
1. Select the Type of Dealer from the Type of Dealer list.
2. Enter the VAT No. The VAT Details screen appears as shown below:
3. Press Enter to save.
To enter the exemption details of the customer
1. Press F12: Configure in the VAT Details screen.
2. Set the option Allow exemption details? to Yes .
3. Press Ctrl+A to return to the VAT Details screen.
4. Select the Type of Exemption .
5. Enter the Exemption Certificate No. , if required. The VAT Details screen appears as shown below:
6. Press Enter to return to the Ledger Creation screen.
12. Provide the relevant details.
The Ledger Creation screen appears as shown below:
13. Press Enter to save.
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