Creating a Company & Ledgers in Tally

After you have downloaded and installed Tally for free, the very
first thing that you need to do is create a company in Tally.

A company in Tally means a client or a file. For example, if you want

to maintain your company’s accounts in Tally, you have to create a
company in Tally with the name of your company.

You can easily know how to create a company in Tally in less than
5 minutes.

Once you have created a company in Tally, you need to create some
ledgers in Tally with which you can then create accounting entries in
Tally.

Ledgers in Tally are different accounts that are required for

creating a complete accounting entry.

For example, let’s say, you want to create a Sales Entry with GST in
Tally. For that, you need to create some ledgers such as:

 Sales Ledger
 Debtor’s Ledger
 GST Taxation Ledgers
 Stock Item Ledgers
Similarly for different types of entries, you need to create different
ledgers in Tally.

I have created an entire list of ledgers in Tally with examples.

You can go through that list and you will know what will come
under direct expenses and what will come under capital account and
so on.

After going through the above list, you definitely won’t have any
doubts about whether salary account will be under Direct Expenses
or Indirect Expenses.

It is because I have classified each and every ledger in Tally

with suitable and tonnes of examples for your understanding.
Moving ahead with basic Tally notes, you will now learn to create
basic accounting vouchers in Tally.

Basic Accounting Vouchers in Tally with GST

From here, these Tally ERP 9 notes will become a bit more
advanced and very much practical because now you will be learning
many different things about GST in Tally as well.

Don’t worry at all! No matter how advanced the Tally concepts

become, I’ll make them very much easy for you with the help of
examples and videos.

So, what is an accounting voucher in Tally?

Accounting voucher simply as an accounting entry in Tally.

A Sales entry is a Sales Voucher in Tally. Similarly, a Purchase

entry is a Purchase Voucher in Tally.

Voucher is just a technical name which is used in accountancy,

otherwise all the vouchers are different accounting entries and nothing
else.