Tally ERP 9 is one of the most popular accounting software in India. With the introduction of GST, the software has become even more important for small and medium businesses. In this guide, we will take you through the steps for ledger creation in Tally ERP 9 Release 6 for GST.
The first step to using Tally ERP 9 for GST is to create a company. To create a company, follow these steps:
1. Open Tally ERP 9.
2. Click on 'alt+f3' or go to 'Company Info'.
3. Select 'Create Company' and fill in the details such as company name, address, financial year, and more.
4. Save the company details and exit.
Ledgers are accounts that you use to record financial transactions. To create ledgers in Tally ERP 9, follow these steps:
1. Open Tally ERP 9.
2. Click on 'Accounts Info' or press 'alt+f3'.
3. Select 'Ledgers' and then 'Create' to create a new ledger.
4. Fill in the details such as ledger name, group, and opening balance.
5. Save the ledger and exit.
If you are a GST registered business, you need to create separate purchase and sales ledgers. To create purchase and sales ledgers, follow these steps:
1. Open Tally ERP 9.
2. Click on 'Accounts Info' or press 'alt+f3'.
3. Select 'Ledgers' and then 'Create' to create a new ledger.
4. Fill in the details such as ledger name, group, and opening balance.
5. Under 'GST Details', select 'Yes' for 'Set/Alter GST Details'.
6. Fill in the details such as GST Registration Type, GSTIN, and more.
7. Save the ledger and exit.
To create a GST tax ledger, follow these steps:
1. Open Tally ERP 9.
2. Click on 'Accounts Info' or press 'alt+f3'.
3. Select 'Ledgers' and then 'Create' to create a new ledger.
4. Fill in the details such as ledger name, group, and opening balance.
5. Under 'GST Details', select 'Yes' for 'Set/Alter GST Details'.
6. Under 'GST Details', select 'GST Tax' for 'Tax Type'.
7. Fill in the details such as 'GST Rate', 'GST Type of Supply', and more.
8. Save the ledger and exit.
Once you have created the necessary ledgers, you can start recording transactions. To record transactions in Tally ERP 9, follow these steps:
1. Open Tally ERP 9.
2. Click on 'Accounting Vouchers' or press 'alt+f2'.
3. Select the voucher type such as 'Payment', 'Receipt', or 'Sales'.
4. Fill in the details such as ledger name, amount, and more.
5. Select the appropriate GST tax ledger for the transaction.
6. Save the voucher and exit.
With these steps, you can easily use Tally ERP 9 Release 6 for GST and create ledgers for your business. Make sure to keep your ledgers updated and accurate to avoid any mistakes in your financial records.
Understanding the Concept of Blacklisting of Dealers under the Proposed GST Regime
In-depth Audit Programme & Checklist for conducting GST Audit
How to start a Bakery Shop? Business plan for starting a Bakery in India
