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| Ledger Under Group List |
The Group:
Introduction: In the modern way of accounting, all financial entries are performed using Ledgers or account heads. It is advisable to Group/Classify ledger information based on their function. Group are helpful in classifying and indentifying account heads based on their nature. Grouping helps in presenting summarized information. Re-Grouping of Accounts is also permitted by Tally.ERP. At the higest level of grouping, accounts are classifed into Assets. Liabilities, Income and Expenditure.
Groups by Default (Pre-defined Groups): Tally.ERP 9 provides you with 28 per-defined Group to save you from unnecessary burden of creating frequently used Group. Out of these 28 Group, 15 are Primary Groups and 13 Subgroups. Subgroups is a part of the main group. There are 28 pre- defined Group in Tally.ERP9, out of 15 are Primary Groups and 13 are Sub- Groups.
15 Primary Groups - 13 Sub groups
Branch/ Divisions Bank Accounts
Capital Account Bank OD A/c
Current Assets Cash-in-hand
Current Liabilities Deposits (Asset)
Direct Expenses Duties & Taxes
Direct Incomes Loans & Advances (Asset)
Fixed Assets Provisions
Indirect Expenses Reserves & Surplus
Indirect Incomes Secured Loans
Investments Stock-in-hand
Loans (Liability) Sundry Creditors
Misc. Expenses (ASSET) Sundry debtots
Purchase Accounts Unsecured Loans
sales Accounts
Suspense A/c
Pre-Defined Sub Group Under
Bank Accounts Current
Bank OD A/c Loans (Liability)
Cash-in-hand Current Assets
Deposits (Asset) Current Assets
Duties & Taxes Current Liabilities
Loans & Advances (Asset) Current Assets
Provisions Current Liabilities
Reserves &Surplus Loans (Liability)
Stock-in-hand Current Assets
Sundry Debtors Current Assets
Sundry Creditors Current Liabilities
Unsecured Loan Loan (Liability)
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