Groups in Tally Prime
Pre-Defined Group
Gateway of Tally > Chart of Account > List of Masters >Groups
There are 28 predefined groups in Tally
15 groups are Primary Groups and the remaining 13 groups are Sub-Groups
1. Branch / Divisions (P) 15. Direct Expense (P)
2. Capital Account (P) 16. Direct Incomes (P)
3. Reserves & Surplus 17. Fixed Assets (P)
4. Current Assets (P) 18. Indirect Expenses (P)
5. Bank Accounts 19. Indirect Incomes (P)
6. Cash-in-Hand 20. Investments (P)
7. Deposits (Asset) 21. Loans (Liability) (P)
8. Loans & Advances (Asset) 22. Bank OD A/c
9. Stock-in-Hand 23. Secured Loans
10. Sundry Debtors 24. Unsecured Loans
11. Current Liabilities (P) 25. Misc. Expenses (Asset) (P)
12. Duties & Taxes 26. Purchase Accounts(P)
13. Provisions 27. Sales Accounts (P)
14. Sundry Creditors 28. Suspense A/c (P)
Creating Group
Gateway of Tally > Masters > Create > Accounting Masters > Group
Group Name Under Nature of Group
Building Fixed Assets —
Office Equipment Primary Assets
Deprecation Primary Expenses
Check on Gateway of Tally > Chart of Account> Groups
Ledgers
Creating Ledger
By default there is two ledgers
1. Cash
2. Profit and Loss A/c
Check the default ledgers Gateway of Tally>Charts of Accounts>Ledgers
Gateway of Tally > Masters > Create >Ledger
Ledger Name Group Under
Punjab National Bank Bank Account
State Bank of India Bank Account
Petty Cash Cash in Hand
Opening Stock Stock in Hand
Suresh Singh Sundry Debtors
National Pvt. Ltd. Sundry Debtors
Building Cost Building (Fixed Assets)
Building Accrued Dep Building (Fixed Assets)
Office Equipment Cost Office Equipment (Assets)
Office Equipment Dep Office Equipment
Sales Tax Duties & Taxes
T.D.S Duties & Taxes
Shivam Kumar Sundry Creditors
Sona Enterprise Sundry Creditors
Education Loan Secured Loan
Bill Receivable Current Assets
Computer Sales Sales Accounts
Software Sales Sales Accounts
Parts Sales Sales Accounts
Bank Interest Indirect Incomes
Purchase Purchase Accounts
Wages Direct Expenses
Freight Direct Expenses
Salaries Indirect Expenses
Office Expenses Indirect Expenses
Advertisements Indirect Expenses
Bank Charges Indirect Expenses
Building Deprecation Deprecation
Office Equipment Accrued Dep Deprecation
Ledger Alteration
Gateway of Tally > Masters > Alter >Ledger
Particulars Debit Credit
Punjab National Bank 35000
State Bank of India 40000
Petty Cash 500
Opening Stock 50000
Suresh Singh 15000
National Pvt. Ltd. 5000
Building Cost 75000
Building Accrued Dep 6000
Office Equipment Cost 25000
Office Equipment Dep 1000
Sales Tax 9000
T.D.S 4500
Shivam Kumar 32000
Sona Enterprise 20000
Education Loan 60000
Bill Receivable 14000
Computer Sales 72000
Software Sales 75000
Parts Sales 35000
Bank Interest
Purchase 120000
Wages 10000
Freight 500
Salaries 20000
Office Expenses 3500
Advertisements 2000
Bank Charges 2500
Building Deprecation 2500
Office Equipment Accrued Dep 80000
Total 407500 407500
Trial Balance
Gateway of Tally > Display more Reports> Trial Balance > Press F5 (Ledger wise and Group wise)
