List of different ledgers and their groups
Group Name | Ledger Name |
Purchase Accounts | All types of Purchase Accounts like |
Purchase Local 12 % | |
Purchase Interstate 12% | |
Purchase Local 0% | |
Purchase Interstate 0% | |
Purchase (Composition) | |
Purchase Exempt (Unregistered Dealer) | |
Purchase Local (Exempt Registered) | |
Purchase Taxable (Unregistered Dealer) | |
Purchase Nil Rated (Unregistered Dealer) | |
Purchase Reverse Charge | |
Purchase Import Taxable 12% | |
Purchase Import Exempt | |
Purchase Import Nil Rated | |
Purchase (Own Branch) | |
Purchase Return | |
Sales Account | All types of Sales Accounts like |
Sales Local 12 % (Registered) | |
Sales Interstate 12% | |
Sales Local Nil Rated | |
Sales Interstate Nil Rated | |
Salers Export With Bond | |
Salers Export Taxable | |
Export (0%) | |
Sales Local (Exempt Registered) | |
Sale To Consumer (Taxable 12%) | |
Sale To Consumer (0%) | |
Sale To Consumer (Exempt) | |
Sales (Own Branch) | |
Sale Return | |
Duties and Taxes | All types of Taxes like |
INPUT CGST SGST IGST CESS | |
OUTPUT GST SGST IGST CESS | |
Excise Duty Payable etc | |
Service Tax Payable | |
TDS Payables | |
Input Vat Accounts | |
Output Vat Accounts | |
Cenvat Accounts | |
Sale tax | |
Income Tax | |
VAT Payable | |
Direct Expenses OR Expenses(Direct) | All expenses which appear in Trading Account (except purchases) like |
Labor | |
Power | |
Electricity Expense (Factory) | |
Loading Unloading Expense | |
Warehousing Expenses | |
Custom Clearing Charges | |
Carriage | |
Freight & Cartage | |
Import duty | |
Wages | |
Coal & Fuel | |
Coal, Gas & Water of Factory | |
Consumed Material | |
Export Duty | |
Wages on Production | |
Delivery Charges(In Purchase Bill | |
Indirect Expenses OR Expense(Indirect) | All Indirect Expenses like |
Rounded Off | |
Salary | |
Advertisement Expense | |
Maintenance Expense | |
Rent Expense | |
Director Remuneration Expense | |
Bad Debts | |
Printing Expense | |
Stationary Expense | |
Foreign Exchange fluctuation | |
Audit Fees | |
Professional Charges | |
Legal Expenses/Charges | |
Depreciation Expenses | |
Interest Expense | |
Penalty | |
Royalty | |
Bank charges | |
Commission allowed | |
Discount allowed | |
Donation & charity | |
Free sample | |
Insurance premium | |
Interest on loan | |
Legal charge | |
Loss by fire | |
Postage & courier | |
Repair charge | |
Taxi fare | |
Telephone charge | |
Travelling expenses | |
Outstanding expenses | |
Accrued expenses | |
Bad debt | |
Loss on theft | |
depriciation | |
Coffee Expenses | |
Coke Expenses | |
Manager’s Commission | |
UPTT | |
Fuel Expenses A/c | |
Liabilty of Expenses | |
Preliminary Expenses A/c | |
Professional Fees | |
Indirect Income OR Income(Indirect) | All Indirect Income like |
Discount Received | |
Interest on Investment | |
Already Created in Tally | Only 2 Accounts Already Created like |
Cash | |
Profit and Loss Account | |
Bank Account | All Bank Current Account |
All Bank FD Account | |
(Personal Savings Account and FD not recorded) | |
Deposit Account | All types of deposits like |
Security Deposit | |
Electricity Deposit | |
Rent Deposit | |
Capital A/c | All types of Capital Account like |
Share Capital | |
Partner Capital Account | |
Partner Current Account | |
Proprietor Account | |
Drawings | |
Life insurance | |
Equity Capital A/c | |
Partners Capital A/c | |
Current Assets | Prepaid Maintenance Expense |
Prepaid Expense | |
Prepaid Rent | |
Prepaid Insurance Charges | |
Interest Receivables | |
Bill receivable | |
Accrued income | |
Mutual Fund | |
CGST SGST IGST Credit | |
Current Liabilities | Bill drawn |
Bill Payable | |
CGST SGST IGST Payable | |
Sundry Creditor | Any Party from Whom Goods Purchased |
Party from Whom any Bill of Expense Received | |
Loans and Advances (Assets) | Any Party to whom we gave loan |
like Loan Given to Friends Relatives/Related Companies | |
Any Party to whom we gave Advance | |
like Advance to Supplier | |
Loans Liabilities | Any Party from whom we take loan. |
We can also put group Secured loan or Unsecured loan | |
Debenture A/c | |
Loans From Bank | |
Loans From Outside Party | |
Loans From Aravind(Friend) | |
Fixed Assets | All Fixed Assets on which Depreciation charged like |
Furniture | |
Machine | |
Plant and Machinery | |
Mobile | |
Computers | |
Furniture and Fittings | |
Car | |
Scooter | |
Laptops | |
Office lighting | |
Land & Building | |
Good will | |
Factory lighting | |
Air Conditioner | |
Accumulated depriciation | |
Bank OCC | Cash Credit Limit (CC) |
taken from bank | |
Bank OD | Overdraft Limit (OD) |
taken from bank | |
Branch/Divisions | Any Branch whose Separate Accounting Done |
(If branch account maintained by head office only, then this account not required) | |
Delhi Branch | |
Branch in division | |
Cash in Hand | Imprest Account |
(Cash kept with Employee) | |
Petty Cash | |
Investments | All types of Investments like |
Investment in Shares | |
Investment in Bonds | |
Investment in Property/Plot etc. | |
Long term investment | |
Short Term Investment | |
Stock-in-hand | Stock |
Closing Stock | |
Consignment Stock | |
Opening Stock | |
Misc. Expense (ASSET) | Preliminary Expenses |
NOT yet written off | |
Suspense A/c | Suspense Account |
Any payment or receipt from party whose name not known | |
Suspense | |
Secured Loan | Loans for whom Security Given |
like loan from bank/ Financial Institution | |
Unsecured Loan | Loans taken for whom no Security given |
Like Short term loan from directors | |
or loan from friends /relatives | |
Reserve & Surplus | Any type of reserve like |
General Reserve | |
Capital Reserve | |
Capital Reserve A/c | |
Investment Allowance Reserve A/c | |
Share Premium A/c | |
Reverse and Surplus | |
Provisions | All Provisions except Provisions for bad debts |
Provision for Tax | |
Provision for Expense | |
Provision for Sinking Fund | |
All types of Payables like Salary Payable, Audit fees Payable, | |
Sundry Debtors | Any Party to Whom Sales Made |
Provision for Bad Debts | |
Retained Earring | General Reserve |
Share Premium | |
Any other Reserve | |
Direct Incomes OR Income(Direct) | Any Income from main service like |
Freight Charges Income | |
Delivery Charges Income | |
Transporation Charges Income | |
Professional Charges Income | |
Consultancy Charges Income | |
Maintainance Service Income |