3/9/2021 List of Ledgers and its groups in Tally ERP 9

List of Ledgers & under group in Tally

ERP9
Here in this post I am trying to provide you all the list of ledgers required for a new
company opened in Tally ERP 9 under the head and sub sub heads groups.This
post is aiming for beginners who doesn’t know how to start with and what are the
Ledgers required for a newly started business. Under which group the ledgers are
placed. You will find accounting ledger for expenses, incomes, assets and
liabilities in the below chart. In this Table I have tried to put all ledgers under right
groups so as to get an accurate business result and Balance sheet.

Not all ledger are required by every business ,select the a few ledgers a which are
absolutely necessary for your accounting purposes.

List of ledgers and its under group in tally

Tally Under Ledger Name to be
Descriptions
Group Head created
Branch/Divisions Delhi Branch All branches of a business
Capital Account
Partners /Owners
Capital Account Drawings A/c
Share Capital A/C
Partner’s Current Account
Reserves & General Reserve A/c
Surplus Capital Reserve A/c
Current Asset TDS Paid
TCS Paid
Goodwill

https://tallygame.com/masters/list-of-ledgers-under-group-heads-tally-erp9/ 1/6
3/9/2021 List of Ledgers and its groups in Tally ERP 9

Bills Receivable
Accrued Income
To account the insurance
Prepaid Insurance paid for the next Financial
year.
Income Tax Advance
Bank Accounts Bank Accounts
All bank account Current
Bank OCC
Bank CC Accounts account, OD Account, CC
Account
Account, savings accounts
Bank OD
Bank OD Accounts etc. For Axis Bank A/c
Account
Petty Cash A/c
Cash- In – Hand
Cash A/c default account
NSC Deposits
Deposit ( Asset )
Fixed Deposits
Salary Advance
Loans &
Loans to sister concern
Advances
(Asset) Loans to director
Loans to partner
Opening Stock
Stock in hand
Closing Stock
All customers ledger who
Sundry Debtors Customer Ledger buys products or services
from business
Bills Payable
Outstanding Expense
Lease Payable
Income Tax payable
Current GST Payable
Liabilities TDS Payable
TCS Payable
Expense Payable
Divident Payable
Unearned Revenue
Sales Tax A/c
Output Vat
Input Vat
TDS Account Eg: TDS on Interest
TCS Account Eg: TCS on Motor vehcile
Excise Duty
Duties & Taxes CST A/c
Service tax
CGST Type of duty should be gst
SGST ,,
IGST ,,
UGST ,,
CESS Tax type selected cess
Provisions Provision for Bad Debts
Audit Fee Payable
Salary Payable
Wages Payable
TDS Payable
TCS Payable
Compound tax payable
Income Tax Payable
https://tallygame.com/masters/list-of-ledgers-under-group-heads-tally-erp9/ 2/6
3/9/2021 List of Ledgers and its groups in Tally ERP 9

Telephone charges
Payable
Rent Payable
The supllier from whome
Sundry you purchase raw
Supplier Ledgers
Creditors materials and other thng
for business in credit.
Wages Account
Repair & Maintenance
Freight paid for the
Freight Paid purchase of materials for
selling or manufacturing
Factory Lighting
Factory Rent
Import Duty
Royalty For Mining, leasing etc
Labor
Power
Electricity charges (
Direct Expense Factory )
Loading & Unloading Exp
Ware House Expense
Custom clearing charges
Carriage
Freight Charges
Coal & Fuel
Gas chares ( Factory )
Water Charges ( Factory )
Export Duty
Delivery charges ( Buying
raw material)
Diesel Expense ( Factory )
Land A/c
Building
Plant & Machinery
Motor Vehicles
Fixed Asset Furniture & Fixtures
Computer & Peripherals
Most Expensive software if
Computer software
purchased
Long Term Investment
Indirect Expense Interest On Capital
Vary in relation to the
nature of business, Some
Salary Account
time salary account
termed as direct expense.
Directors Remuneration
Partners salary
Professional Fees
Legal charges
Interest on loan
Depreciation
Amortization
Audit Fee
Insurance
https://tallygame.com/masters/list-of-ledgers-under-group-heads-tally-erp9/ 3/6
3/9/2021 List of Ledgers and its groups in Tally ERP 9

Local Conveyance
Miscellaneous Expense
Rates & Taxes
Round off
Printing & Stationery
Travelling Expense
Vehicle Expense
Telephone Charges
Communication Expense
Advertising charges
Discount Allowed
Staff Welfare Expense
Compound Tax Paid
Courier Charges
Commission Paid
Interest on Income Tax
Tea & Coffee Expense
Bank Charges
Rent Expense ( Office )
Maintenance Expense (
Office , Building )
Sample Free
Interest on VAT
Interest on TDS
Interest on TCS
Donation & Charity
Penalty
Loss by fire
Loss By theft
Legal Charges
Bad Debts
For travelling, cars for
Diesel/Petrol Expense
managers etc
To account the freight
charges received from
Freight Received
customers. Eg:
Transportation using Lorry
sale of small amount
Scrap Sale carton box, machinery
damaged parts etc.
Commission Received
Interest Received
Interest On Investment
Received
To account the freight
charges received from
Freight Received
customers. Eg:
Transportation using Lorry
Commission Received
Indirect Income
Interest Received
Interest On Investment
Received
Discount Received
Bad Debt Recovered
Investments Investment in Share

https://tallygame.com/masters/list-of-ledgers-under-group-heads-tally-erp9/ 4/6
3/9/2021 List of Ledgers and its groups in Tally ERP 9

Loans ( Liability) Loan Account For example If you take

loans from a Private
finance Create a LEDGER
: L & T Financial Services
Loan A/c No: 1256 For
Banking Institution :For
Eg: ICICI Bank Loan a/c
Bank OD A/c (
Bank OD /CC Accounts
Bank OCC A/c )
Car loan Loans raised by collateral
Housing Loan A/c
Assets are pledged
Secured Loans Mortgage Loan
against loans
credit cards issued against
Secured Credit card A/c
fixed deposit
Unsecured
Students loan
Loans
Credit Cards
Personal Loans
Miscellaneous
Expense ( Pre- operative expense
Asset)
Purchase All Purchase ledger
Account created
Sale Ledger
Sale of Machinery or other
Sales Account Big assets attract GST.
Scrap Sale Ledger
This can be accounted
under sale account.
Any unknown payment
received, any difference in
cash balance could not
Suspense A/c Suspense A/c
figured out. Can put the
balance under suspense
until it is figured out.
Profit & Loss A/c Profit & loss account created automatically

This list is not comprehensive, You can suggest to add new items to the table.

You can download the list of ledgers and under group in pdf for future reference

https://tallygame.com/masters/list-of-ledgers-under-group-heads-tally-erp9/ 5/6