Creating an Expense Ledger

To create ledgers under the Expenses Accounts group

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

1. Enter the Name of the expense ledger

2. In the Under field select Indirect Expenses from the List of Groups

3. Set Inventory values are affected to Yes if applicable

4. Set GST Applicable to Yes under Statutory Information

5. Accept the screen to save.

Note: From Rel 4.8 an option to provide Bank Details is provided in the Ledger Master.

You can, similarly create ledgers for Fixed Assets, Liabilities and Income Accounts under the respective groups.