You can create a party ledger by entering the excise details.
To create a supplier ledger
1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create .
2. Enter the Name of the supplier ledger.
3. Group it under Sundry Creditors .
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 State if India is selected as the country. If India is not selected as the Country , cursor will skip the State option.
10. Enter the PIN Code . If India is not selected as the Country , cursor will skip the PIN Code option.
11. Provide Bank Details if required.
12. Enter the PAN .
13. Enable the option Set/Alter Excise Details to view the Excise Details screen.
Note:
♦ The option Set/Alter Excise Details will be displayed when the ledger is grouped under Sundry Creditors and Sundry Debtors or any user defined group created under these predefined groups.
♦ Ladakh is listed in the State field in Release 6.5.5 and later versions.
14. Enter the relevant details in Excise Details screen.
15. Enable Set/Alter VAT Details option to view the VAT Details screen and provide the relevant details.
The ledger appears as shown below:
16. Accept the Ledger Creation screen.
Similarly, create the party ledger grouped under Sundry Debtors.