Creating Party Ledger (Excise)

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 as the group name from the List of Groups

4. Enable the option Set/Alter Excise Details to display the Excise Details screen

5. In Excise Details screen, select the Default Nature of Purchase as Importer

6. Press Enter to accept and the Ledger Creation screen will appear

7. Press Enter to accept

Note: Excise Registration details need not be provided for exporters. However, selection of Default Nature of Purchase is not mandatory.