Party Ledger
On
this page:
Creating
a supplier ledger
Creating
a customer ledger
VAT
details - Configuration Option
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. Select
the required State.
10. Enter
the PIN Code.
11. Provide
bank details, if required.
12. Enter
the PAN/IT Number.
13. Enable
the option Set/Alter
VAT Details and provide the relevant details.
The Ledger Creation
screen appears as shown below:
14. 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. Select
the required State.
10. Enter
the PIN Code.
11. Provide Bank
Details, if required.
12. Enter
the PAN/IT Number.
13. Enable
the option Set/Alter
VAT Details and provide the relevant details.
The Ledger Creation
screen appears as shown below:
14. Press
Enter to save.
Replicate the steps mentioned above to create ledgers
for suppliers and customers in other states, for interstate purchases
and sales.
To configure VAT details
1. Click
F12: Configure in VAT
Details screen.
o Set Allow CST number? to Yes
to define the party’s CST number.
o Set Allow exemption details? to Yes if the party has to be classified
as SEZ or Notification.
o Set Allow
Import Export Code? to Yes
if the party has import or export code details.
2. Enter
the CST No. in VAT
Details screen.
3. Enter
the Import/Export Code.
4. Select
the Type of Exemption.
5. Enter
the registration number and date.
Note: The option Sales/purchases against Form C?
appears in the VAT Details screen
if the State selected in the Ledger Creation screen is other
than Kerala. This selection is retained for the option Is
against C Form? in the Party Details
screen while recording transactions.
6. Press
Enter to save.
