In this tutorial we will learn how to create group in Tally ERP 9. Groups play a vital role in presenting and analysing the accounting books. It is difficult to examine the accounts and status of a company, showing all ledgers in trial balance. That’s why we create groups and make ledgers under related groups ( whether it is debtor or creditor). Sub- Groups are also created under groups, and than ledgers are created under sub-groups. There are many types of groups. Some basic groups are:
1 . Capital Account
2 . Loans
3 . Secured Loans
4 . Unsecured Loans
5 . Current Liabilities
6 . Fixed Assets
7 . Current Assets
8 . Sales Accounts
9 . Purchase Accounts
10 . Direct Incomes
11 . Direct Expenses
12 . Indirect Income
13 . Indirect Expenses
Most of the groups are generated automatically and we do not need to create manually. Hence, common groups are auto created, but we can create more groups/ sub-groups according to our requirements.
In this tutorial, we will learn to create a Sub-group under “Current Liabilities”. Current Liabilities is a Group, which shows the short-term0 liabilities to be paid on a perticular date (i.e. Provisions, Duty & Taxes)
Let’s start How to Create Sub Group in Tally ERP 9
1 . Open Tally by entering the user name and password.
2. Go to “Accounts Info” under “Masters” (Shortcut key is “A”)
3. Go to “Groups”
4. Select “Create” under “Single Group”. (Shortcut key is “C”)
5. Type the Name of the Group under “Name”. (Provisions, Duty & Taxes)
6. Alias is optional, you can write according to your requirement.
7. Select “Current Liabilities” at “Unders”.
I hope, this tutorial has helped you in creating a group successfully.
To read more…
1 . How to Create Ledger in Tally ERP 9.
