In Tally.ERP 9, a sales ledger is used to record and track all sales transactions. A sales ledger will give you the value of total sales for any period, without linking to payments received from the customer. Sales ledgers are also used in sales return transaction, and will affect the overall sales value by reducing the amount of returns made by the customer.
To create a Sales Ledger
1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create.
2. Enter the Name of the sales ledger.
3. Select Sales Accounts as the group name in the Under field.
4. Set Inventory values are affected to Yes.
5. Set the option Used In VAT Returns to Yes to display the default VAT/Tax Class sub screen.
6. Select the required classification from the list of VAT/Tax Class.
7. Press Enter to return to the Sales ledger creation screen.
8. Set Use for Assessable Value Calculation to No.
9. Press Enter to save the sales ledger.
Note: From Rel 4.8 an option to provide Bank Details is provided in the Ledger Master.