Deleting a ledger in Tally Prime is a simple process, but it should be done with caution as deleting a ledger will also delete all the transactions associated with it. 1. Open Tally Prime and go to the Gateway of Tally. 2. Click “Alter” and then select “Ledgers.” 3. Select the ledger that you want …
Alter a Ledger” in TallyPrime means editing, correcting, or updating any existing ledger after it has been created. You can: Change the name of the ledger Correct the group under which it was created Add or edit the opening balance Update the GST number, PAN, or bank details Add a mobile number, address, or …
A Ledger is the most basic accounting unit where all transactions are recorded. Every debit or credit entry you pass in your business goes to a ledger. In simple words, a Ledger in TallyPrime is a master record where all accounting transactions related to a specific account are recorded. Whether you’re recording sales, purchases, cash …
What is a Ledger in TallyPrime? How to Create a New Ledger Read More »
What is a Group in TallyPrime? A Group is a classification of ledgers that share a similar nature. It can be: Assets Liabilities Income Expenses For example: Cash-in-Hand, Bank A/c, Sundry Debtors are part of Assets. Sales Account, Commission Received go under Income. Steps to Create a Group in TallyPrime Here’s a step-by-step …
When you create a company in TallyPrime, it automatically comes with 28 predefined groups. These groups help you organize all your accounting data like ledgers, stock items, and transactions in a structured way. Understanding these groups is very important for beginners, accountants, and business owners using Tally for financial management. What is a Group in …
28 Predefined Groups in TallyPrime – Explained with Examples Read More »
