Tally.ERP 9 will be having the 28 pre-defined Primary and Sub-Groups, out of which 15 are Primary Groups and 13 are Sub-Groups. Apart that we can create our own set of Groups using the Group Creation screen.
|Closing Balances of Customized Groups in Tally.ERP 9|
In Tally ERP 9 there are two kinds of Groups for Ledgers. The first one is Pre-Defined or Default Groups for Ledgers which are ready-made. We can neither delete nor change its Group, but we can alter all the options including the Name of the group except Group Head. With my practical knowledge i am telling you that do not try to alter the name of the default Group/s.
And the Second one is User-Defined Groups which are created by the user based on his requirement to show in the Financial Statements. In Tally.ERP 9 there is no limit for creating the User-Defined Groups for Ledgers.
How to Create User-Defined Group in Tally.ERP 9
Here Mr. K Venkkatesh works as an accountant for AccountsGuy.Net. He has to generate the outstanding payable to Seed Suppliers, Packing Material Suppliers, Seed Testing Laboratory companies repeatedly. By creating the Customized Groups we can get such reports.
In order to create the Group open Tally ERP 9 and select the Company for which you want to create Group for a Ledger.
- Select Accounts Info under Masters from Gateway of Tally.
- Click on Groups and finally select Create under Single Groups.
- Give name for the Group and select the Accounting Head of the Group,
|Group Creation in Tally.ERP 9|
How to Display the Groups in Tally.ERP 9
Below you can see the final output of the Customized Groups in Tally.ERP 9. And let us see how to Display the List of Groups available in the Company in Tally.ERP 9. Get back to the Gateway of Tally screen.
- Select Display under Reports.
- And click on List of Accounts in the Display menu.
|List view of Ledgers and Groups in Tally.ERP 9|
In the above screen the Italicized Names displayed in the Main Area of the Tally Window are the Ledgers, highlighted are the Sub Groups counting to 13 and names in bold not highlighted are the Primary Groups counting to 15. And this is how to create the Groups for Ledgers and listing the List of Groups in Tally.ERP 9.