Create Single Ledger in Tally ERP 9

In this section, we are going to create a single ledger in Tally. Here we will create ledger Axis Bank Account under Bank Account.

The required date for ledger depends upon the features opted by us. The ledger screen would provide minimal information if the settings of accounting features (F11) of the company were “No” for all options.

Tally automatically creates two ledger accounts, i.e., Profit & Loss account and Cash in Hand account. As per the requirements of the organization, we can create the ledger accounts. In Tally, we cannot create another profit & loss account. We can create any number of cash accounts with different names.

How to Create Ledger Account in Tally

Step 1: Use the following path to create ledger accounts in Tally

Gateway of Tally → Accounts Info → Ledgers → Single Ledger → Choose Create

Step 2: Click on Accounts Info under Gateway of Tally screen.

Step 3: Choose Ledger option under Account Info.

Step 4: Under Single Ledger, choose the option Create

Step 5: Update the following details on Ledger creation screen.

Name: Specify the unique name of the ledger account.

Under: Under List of Groups, choose the group name that pertains to the ledger account.

In Tally, choose the “Yes” option under Accept to save the configured details.

How to Display Single Ledger in Tally

In Tally, after the creation of a single ledger account, we can view the details of the ledger by choosing the display option.

Refer the following steps to show how to display single ledger:

Step 1: Use the following path to display the single ledger in Tally

Gateway of Tally → Accounts Info → Ledgers → Single Ledger → Choose Display

Step 2: Under List of Ledgers, choose the ledger account.

Step 3: Now, the following screen shows the complete details of ledger accounts.

How to Alter Single ledger in Tally

Step 1: Use the following path to alter the single ledger in Tally

Gateway of Tally → Accounts Info → Ledgers → Single Ledger → Choose Alter

Step 2: Under the List of Ledgers, choose the ledger account option.

In Tally ERP 9, now modify/ alter the required details for ledger account. To save the changed details, click on A: Accept.