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FAQ-3 ( TDS ):

How to create Party Ledger in Tally.ERP 9?

To create party ledger in Tally.ERP 9

Setup:

  • In F12: Configuration (Ledger Configuration) set Allow Advanced entries in Masters and Use Addresses for Ledger Accounts to Yes

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

  • Enter the Name of the Party Ledger e.g. Mark IT Solutions
  • Select Sundry Creditors from the List of Groups in the Under field.
  • Set Maintain balances bill-by-bill to Yes.
  • Enter the Default Credit Period, if required.
  • Set Is TDS Deductable to Yes.
  • In the Deductee Type field, select Association of Persons from the List of Deductee Type
  • Enter Mailing and Tax Information

Party Ledger in Tally.ERP 9

   [13-4]

  • Press enter to save.
 
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15 Chapters in Tally.ERP9 Book + 21 Chapters in GST Practical Assignment on GST in Tally.ERP9 & All features are described with Practical Problems with Solutions.

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