Creating Party Ledger (Excise for Dealer)

You can create a party ledger by entering the excise details.

To create a supplier ledger

1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create .

2. Enter the Name of the supplier ledger.

3. Group it under Sundry Creditors .

4. Set Maintain balances bill-by-bill to Yes .

5. Enter the Default Credit Period if any.

6. Set Check for credit days during voucher entry to Yes if required.

7. Enter the Mailing Details .

8. Select the required Country .

9. Select the State if India is selected as the country. If India is not selected as the Country , cursor will skip the State option.

10. Enter the PIN Code . If India is not selected as the Country , cursor will skip the PIN Code option.

11. Provide Bank Details if required.

12. Enter the PAN .

13. Enable the option Set/Alter Excise Details to view the Excise Details screen.

Note:

♦ The option Set/Alter Excise Details will be displayed when the ledger is grouped under Sundry Creditors and Sundry Debtors or any user defined group created under these predefined groups.

♦ Ladakh is listed in the State field in Release 6.5.5 and later versions.

14. Enter the relevant details in Excise Details screen.

15. Enable Set/Alter VAT Details option to view the VAT Details screen and provide the relevant details.

The ledger appears as shown below:

16. Accept the Ledger Creation screen.

Similarly, create the party ledger grouped under Sundry Debtors.