Salary, PF, ESI, NPS, PF Admin Expenses Payable Ledgers (Payroll)
To process Salary in TallyPrime, you can create payable ledgers for salary, PF, ESI, NPS and PF admin.
Salary Payable Ledger
With a salary payable ledger, you can account for the salary that is earned by an employee but has not yet been paid.
- Gateway of Tally > Create > type or select Pay Head > and press Enter.
Alternatively, press Alt+G (Go To) > Create Master > Pay Head > and press Enter. - Enter the name of the ledger in the Name field.
- Select Not Applicable as the Pay head type from the list of Pay Head Types
- Select Current Liabilities from the List of Groups in the Under field.
- Accept the screen. As always, you can press Ctrl+Ato save.
PF Payable Ledger
In order to process salaries in TallyPrime, you need to create a PF payable ledger along with Salary Payable Ledger, ESI Payable Ledger, NPS Payable Ledger and PF Admin Expenses Ledger.
- Gateway of Tally > Create > type or select Pay Head > and press Enter.
Alternatively, press Alt+G (Go To) > Create Master > Pay Head > and press Enter. - Enter the name of the ledger in the Name field.
- Select Not Applicable as the Pay head type from the list of Pay Head Types
- Select Current Liabilities from the List of Groups in the Under field.
- Accept the screen. As always, you can press Ctrl+Ato save.
ESI Payable Ledger
In TallyPrime, you can create the ESI Payable ledger and use it in all related transactions.
- Gateway of Tally > Create > type or select Pay Head > and press Enter.
Alternatively, press Alt+G (Go To) > Create Master > Pay Head > and press Enter. - Enter the name of the ledger in the Name field.
- Select Not Applicable as the Pay head type from the list of Pay Head Types
- Select Current Liabilities from the List of Groups in the Under field.
- Accept the screen. As always, you can press Ctrl+Ato save.
National Pension Scheme (NPS) Payable Ledger
- Gateway of Tally > Create > type or select Pay Head > and press Enter.
Alternatively, press Alt+G (Go To) > Create Master > Pay Head > and press Enter. - Enter the name of the ledger in the Name field.
- Select Not Applicable as the Pay head type from the list of Pay Head Types
- Select Current Liabilities from the List of Groups in the Under field.
- Accept the screen. As always, you can press Ctrl+Ato save.
PF Admin Expenses
- Gateway of Tally > Create > type or select Ledger > and press Enter.
Alternatively, press Alt+G (Go To) > Create Master > Ledger > and press Enter. - Enter the name of the ledger in the Name field.
- Set the ledger as under Indirect Expenses from the List of Groups.
- Set Inventory values are affected to No.
- Select Normal Rounding from the list of Rounding Methods, and type 1 as the rounding Limit.
- Accept the screen. As always, you can press Ctrl+A to save.