FAQ-2 ( TDS ):

How to create Expenses Ledger in Tally.ERP 9?

Tally.ERP 9 gives the flexibility to create

  • Separate expense ledgers for each nature of payment 
  • common expense ledger for all the nature of payments.

1. Create expense Ledger with defined Nature of Payment (separate expense ledgers for each nature of payment) 

To Create the TDS Expense Ledger

Go to Gateway of Tally > Accounts Info. > Ledgers > Create

  • Enter the Name of the expense ledger e.g. Advertisement Expenses.
  • In Under field select the group Indirect Expenses from the List of Groups.
  • Set Inventory values are affected to No.
  • Set Is TDS Applicable to Yes.
  • In Default Nature of Payment field select Payment to Contractors (Advertisement Contractors) from the List of TDS Nature of Pymt.

Note: All the Payments/Expenses subject to TDS have to be associated with relevant predefined TDS Nature of Payments.

The completed expenses ledger is displayed as shown

Expenses Ledger in Tally.ERP 9

   [13-2]

2. Create common expense Ledger

  • Enter the Name of the expense ledger e.g. Expenses Ledger
  • In Under field select the group Indirect Expenses from the List of Groups.
  • Set Inventory values are affected to No.
  • Set Is TDS Applicable to Yes.
  • In Default Nature of Payment field select Any from the List of TDS Nature of Pymt.

The completed expenses ledger is displayed as shown

Expenses Ledger in Tally.ERP 9

   [13-3]

 
Company Information @ Tally.ERP9
 
 
 
Group & Ledger
Introduction
1. THE GROUP
2. THE LEDGER
3. VOUCHERS TYPES
Advanced Inventory / Stock
Meaning
Order Processing
Re-Order Levels
Tracking Numbers
Batch-wise Details
Additional Cost Details
Bill of Materials (BOM)
Price Lists and Price Levels
Stock Valuation
Zero Valued Entries
Inventory Ageing Report
Actual and Billed Quantities
 
Advanced Usage of Vouchers
Maintain Bill-wise Details
Cost Center and Cost Category
Interest Calculation
Reversing Journals
Post-Dated Voucher
Memo (Memorandum) Voucher
Optional Voucher
Using Tracking Number
Knowledge Base @ Tally.ERP9
Stock Items
Stock Groups
Inventory Masters
Inventory Vouchers
Inventory Report Statements
Balance Sheet
Accounting Reports
Accounting Vouchers
Interest Calculation
VAT-Value Added Tax
Service Tax
TDS (Tax Deducted at Source)
 
 
 
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