Creating Income and Expense Ledgers (Gujarat)

In Tally.ERP 9, you can account for incomes and expenses in the form of sales ledgers and purchase ledgers, respectively.

Expense Ledger

Income Ledger

Expense Ledger

To create a purchase ledger

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

2.    Enter the Name of the purchase ledger.

3.    Select Indirect Expenses or Direct Expenses, in the Under field.

4.    Set the option Inventory values are affected? to Yes.

5.    Set Is VAT/CST Applicable? to Applicable.

6.    Enable the option Set/Alter VAT Details? to open the VAT Details screen.

The expense Ledger Creation screen appears as shown below:

7.    Press Enter to save.

Income Ledger

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 Indirect Incomes or Direct Incomes in the Under field.

4.    Set Inventory values are affected to Yes.

5.    Set Is VAT/CST Applicable to Applicable.

6.    Enable the option Set/Alter VAT Details to open the VAT Details screen.

The income Ledger Creation screen appears as shown below:

7.    Press Enter to save.