Tally Ledger List
Group Name
Purchase Accounts
Sales Account
Sales Account
Duties and Taxes
Direct Expenses
Indirect Expenses
Indirect Expenses
Indirect Income
Already Created in Tally
Bank Account
Deposit Account
Capital A/c
Current Assets
Current Assets
Current Liabilities
Sundry Creditor
Loans and Advances (Assets)
Loans Liabilities
Fixed Assets
Bank OCC
Bank OD
Bank Accounts
Branch/Divisions
Cash in Hand
Investments
Stock-in-hand
Misc. Expense (ASSET)
Suspense A/c
Secured Loan
Unsecured Loan
Reserve & Surplus
Reserve & Surplus
Provisions
Sundry Debtors
Tally Ledger List
Ledger name
All types of Purchase Accounts like
Purchase 5% Local
Purchase 12.5% Local
Purchase 2% Central
Purchase Import
Purchase Central C form
Purchase Central F form
Purchase Central H form
Purchase Central C+ E1 form
Purchase Return
All types of Sales Accounts like
Sales 5% Local
Sales 12.5% Local
Sales 2% Central
Sales Export
Sales Central C form
Sales Central F form
Sales Central H form
Sales Central C+ E1 form
Sale Return
All types of Taxes like
Excise Duty Payable etc
Service Tax Payable
TDS Payables
Input Vat Accounts
Output Vat Accounts
Cenvat Accounts
Sale tax
Income Tax
VAT Payable
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
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
All Indirect Income like
Discount Received
Interest on Investment
Only 2 Accounts Already Created like
Cash
Profit and Loss Account
All Bank Current Account
All Bank FD Account
(Personal Savings Account and FD not recorded)
All types of deposits like
Security Deposit
Electricity Deposit
Rent Deposit
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
Prepaid Maintenance Expense
Prepaid Expense
Prepaid Rent
Prepaid Insurance Charges
Interest Receivables
Bill receivable
Accrued income
Mutual Fund
Bill drawn
Bill Payable
Any Party from Whom Goods Purchased
Party from Whom any Bill of Expense Received
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
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)
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
Cash Credit Limit (CC)
taken from bank
Overdraft Limit (OD)
taken from bank
Indian Bank A/c
SBI Bank A/c
Any Branch whose Separate Accounting Done
(If branch account maintained by head office only, then this account not required)
Delhi Branch
Branch in division
Imprest Account
(Cash kept with Employee)
Petty Cash
All types of Investments like
Investment in Shares
Investment in Bonds
Investment in Property/Plot etc.
Long term investment
Debitor name
Short Term Investment
Stock
Closing Stock
Consignment Stock
Opening Stock
Preliminary Expenses
NOT yet written off
Suspense Account
Any payment or receipt from party whose name not known
Suspense
Loans for whom Security Given
like loan from bank/ Financial Institution
Loans taken for whom no Security given
Like Short term loan from directors
or loan from friends /relatives
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
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,
Any Party to Whom Sales Made
Provision for Bad Debts
Place Under
Group in
Ledger Name Tally Comments
Capital Account Capital Account For Partner
Cash Account Cash-In-Hand
Partners /Owners Drawings In a registered company no withdrawal
A/c Capital Account is allowed,Hence no Drawing account
Interest On Capital Indirect Expense
For current account ,or saving account
Create In the name of Bank: For
Bank Account Bank Account example : SBI A/c No: 321222
You can put any of the group
Bank OD A/c or mentioned. This is a current liability
Bank OD Account Bank OCC A/c account.
Party means to whom we are selling.
Customer Ledger Sundry Debtors Eg: JOHNSON TRADERS
The party who are supplying goods to
us or the party to whom we owe
Supplier Ledger Sundry Creditors money.
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
Loan Account Loans (Liability) Bank Loan a/c No: 4656556
To account the insurance paid for the
Prepaid Insurance Current Assets next Financial year.
Income Tax Advance Current Assets
TDS Paid Current Asset
TCS Paid Current Asset
To account the sale of goods and
Sales Sales Account services
To account the freight charges received
from customers. Eg: Transportation
Freight Received Indirect Incomes using Lorry
To account the sale of old
machinery.Remember this type of sale
attract VAT.News paper sale or carton
sales or Indirect box sale can be accounted as Indirect
Sale of Scrap Income Income
Opening Stock Stock-In-Hand
Purchase Purchase Account
Closing Stock Stock-In-Hand
Vary in relation to the nature of
business, Some time salary account
Salary Account Indirect Expense termed as direct expense.
Wages Account Direct Expense
Directors Remunaration Indirect Expense
Partners salary Indirect Expense
Interest on loan Indirect Expense
Depreciation Indirect Expense
Amortisation Indirect Expense
Relatively change the ,group, for
example ,Diesel for a machinery in a
manufacturing company is direct
expense, diesel for a motor car for
Direct expense/ travelling of manager is indirect
Diesel Expense Indirect Expense expense.
Repair & Maintenance Direct Expense
Freight paid for the purchase of
Freight Paid Direct Expense materials for selling or manufacturing
Audit Fee Indirect Expense
Insurace Indirect Expense
Local Conveyance Indirect Expense
Miscellaneous Expense Indirect Expense
Rates & Taxes Indirect Expense
Round off Indirect Expense
Printing & Stationery Indirect Expense
Travelling Expense Indirect Expense
Vehicle Expense Indirect Expense
Telephone Charges Indirect Expense
Advertising charges Indirect Expense
Discount Allowed Indirect Expense
Compound Tax Paid Indirect Expense
Courier Charges Indirect Expense
Interest on Income Tax Indirect Expense
Interest on VAT Indirect Expense
Interest on TDS Indirect Expense
Interest on TCS Indirect Expense
Land A/c Fixed Asset
Building Fixed Asset
Plant & Machineries Fixed Asset
Motor Vehicles Fixed Asset
Furniture & Fixtures Fixed Asset
Audit Fee Payable Provisions
Salary Payable Provisions
Wages Payable Provisions
TDS Payable Provisions
TCS Payable Provisions
Compound tax payable Provisions
Income Tax Payable Provisions
Telephone charges Payable Provisions
Petty Cash A/c Cash-In-Hand
Computer & Peripharals Fixed Asset
Purchase Return Account Purchase Account
Sales Return Account Sales Account
Discount Received Income Indirect
Share Capital A/C Capital Account
Generel Reserve A/c Reserves & Surplus
Capital Reserve A/c Reserves & Surplus
Sales Tax A/c Duties & Tax
Output Vat Duties & Tax
Input Vat Duties & Tax
TDS Account Duties & Tax Eg: TDS on Interest
TCS Account Duties & Tax Eg: TCS on Motor vehcile
Excise Duty Duties & Tax
CST A/c Duties & Tax
Service tax Duties & Tax
Rent Payable Provisions
NSC Deposits Deposits
Investment in Share Investment
Fixed Deposits Deposits
Goodwill Current Asset
Bills Receivable Current Asset
Bills Payable Current Liabilities
Loans & Advances
Salary Advance (Asset )
Outstanding Expense Current Liabilities
Factory Lighting Direct Expense
Import Duty Direct Expense
Royalty Direct Expense
Long Term Investment Fixed Asset
Bad Debt Recovered Income Indirect
Donation & Charity Indirect Expense
Loss by fire Indirect Expense
Loss By theft Indirect Expense
Legal Charges Indirect Expense
Bad Debts Indirect Expense
Accrued Income Current Asset
