Tally Ledgers Groups List, Accounting Groups in Tally ERP 9

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