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

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• Press enter to save.