Purchase and Sales Ledger

Purchase Ledger

To create a Purchase ledger,

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

1. Enter the Name of the purchase ledger, for e.g., Purchases

2. In the Under field, select the Purchase Accounts from the List of Groups

3. To create a purchase ledger with the option enabled for entering the percentage of calculation, the purchase account group needs to be altered.

4. Press Ctrl + Enter in the Under field to alter the Purchase Accounts group

5. Accept the Purchase Accounts Group Alteration screen to return to the purchase ledger

6. In the Purchase ledger, by default Inventory values are affected will be set to Yes

7. Set the Percentage of Calculation as per requirement, for e.g., 17.5%

8. Set the Method of Calculation to On Total Sales

9. Press Y or Enter to accept the Purchase Ledger Creation screen.

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

Sales Ledger

To create a Sales ledger

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

1. Enter the Name of the sales ledger

2. In the Under field, select the Sales Accounts from the List of Groups

3. Press Ctrl + Enter in the Under field to alter the Sales Accounts group

4. Accept the Sales Accounts Group Alteration screen to return to the sales ledger

5. In the Sales ledger, by default Inventory values are affected will be set to Yes

6. Set the Percentage of Calculation as per requirement, for e.g., 17.5%

7. Set the Method of Calculation to On Total Sales

8. Press Y or Enter to accept the Purchase Ledger Creation screen.