Tally Ledger List

Group Name
Purchase Accounts
Sales Account
Sales Account
Duties and Taxes
Direct Expenses
Indirect Expenses
Indirect Expenses
Indirect Income

Already Created in Tally

Bank Account

Deposit Account

Capital A/c

Current Assets
Current Assets

Current Liabilities

Sundry Creditor

Loans and Advances (Assets)

Loans Liabilities

Fixed Assets

Bank OCC
Bank OD

Bank Accounts

Branch/Divisions

Cash in Hand 

Investments

Stock-in-hand

Misc. Expense (ASSET)

Suspense A/c

Secured Loan

Unsecured Loan

Reserve & Surplus

Reserve & Surplus

Provisions

Sundry Debtors
 Tally Ledger List

Ledger name

All types of Purchase Accounts like

Purchase 5% Local

Purchase 12.5% Local

Purchase 2% Central
Purchase Import

Purchase Central C form

Purchase Central F form

Purchase Central H form
Purchase Central C+ E1 form

Purchase Return

All types of Sales Accounts like

Sales 5% Local

Sales 12.5% Local

Sales 2% Central
Sales Export

Sales Central C form

Sales Central F form

Sales Central H form

Sales Central C+ E1 form

Sale Return

All types of Taxes like

Excise Duty Payable etc

Service Tax Payable 
TDS Payables 

Input Vat Accounts 

Output Vat Accounts 

Cenvat Accounts

Sale tax

Income Tax

VAT Payable
All expenses which appear in Trading Account (except purchases) like

Labor

Power

Electricity Expense (Factory)

Loading Unloading Expense

Warehousing Expenses

Custom Clearing Charges

Carriage

Freight & Cartage

Import duty
Wages

Coal & Fuel

Coal, Gas & Water of Factory

Consumed Material

Export Duty

Wages on Production

Delivery Charges(In Purchase Bill

All Indirect Expenses like

Rounded Off

Salary

Advertisement Expense

Maintenance Expense

Rent Expense

Director Remuneration Expense

Bad Debts

Printing Expense

Stationary Expense
Foreign Exchange fluctuation

Audit Fees

Professional Charges

Legal Expenses/Charges

Depreciation Expenses

Interest Expense

Penalty 

Royalty

Bank charges

Commission allowed

Discount allowed

Donation & charity

Free sample

Insurance premium

Interest on loan

Legal charge

Loss by fire
Postage & courier

Repair charge

Taxi fare

Telephone charge

Travelling expenses

Outstanding expenses

Accrued expenses

Bad debt

Loss on theft

depriciation

Coffee Expenses

Coke Expenses

Manager’s Commission
UPTT

Fuel Expenses A/c

Liabilty of Expenses

Preliminary Expenses A/c

Professional Fees

All Indirect Income like

Discount Received
Interest on Investment

Only 2 Accounts Already Created like

Cash
Profit and Loss Account

All Bank Current Account

All Bank FD Account
(Personal Savings Account and FD not recorded)

All types of deposits like

Security Deposit
Electricity Deposit
Rent Deposit

All types of Capital Account like

Share Capital
Partner Capital Account
Partner Current Account
Proprietor Account
Drawings 

Life insurance
Equity Capital A/c
Partners Capital A/c

Prepaid Maintenance Expense
Prepaid Expense
Prepaid Rent
Prepaid Insurance Charges
Interest Receivables

Bill receivable
Accrued income
Mutual Fund

Bill drawn
Bill Payable

Any Party from Whom Goods Purchased
Party from Whom any Bill of Expense Received

Any Party to whom we gave loan

like Loan Given to Friends Relatives/Related Companies
Any Party to whom we gave Advance
like Advance to Supplier

Any Party from whom we take loan.

We can also put group Secured loan or Unsecured loan
Debenture A/c
Loans From Bank
Loans From Outside Party
Loans From Aravind(Friend)

All Fixed Assets on which Depreciation charged like

Furniture
Machine
Plant and Machinery
Mobile
Computers
Furniture and Fittings
Car
Scooter
Laptops

Office lighting
Land & Building
Good will
Factory lighting
Air Conditioner

Cash Credit Limit (CC)

taken from bank 
Overdraft Limit (OD)
taken from bank 

Indian Bank A/c
SBI Bank A/c

Any Branch whose Separate Accounting Done

(If  branch account maintained by head office only, then this account not required)

Delhi Branch
Branch in division

 Imprest Account
(Cash kept with Employee)
Petty Cash

All types of Investments like

Investment in Shares
Investment in Bonds
Investment in Property/Plot etc.

Long term investment
Debitor name
Short Term Investment

Stock
Closing Stock
Consignment Stock
Opening Stock

Preliminary Expenses
NOT yet written off

Suspense Account
Any payment or receipt from party whose name not known

Suspense

Loans for whom Security Given

like loan from bank/ Financial Institution

Loans taken for whom no Security given

Like Short term loan from directors
or loan from friends /relatives

Any type of reserve like

General Reserve
Capital Reserve 
Capital Reserve A/c
Investment Allowance Reserve A/c
Share Premium A/c

Reverse and Surplus

All Provisions except Provisions for bad debts

Provision for Tax
Provision for Expense
Provision for Sinking Fund
All types of Payables like Salary Payable, Audit fees Payable,

Any Party to Whom Sales Made

Provision for Bad Debts
 Place Under
Group in
Ledger Name Tally Comments

Capital Account Capital Account For Partner

Cash Account Cash-In-Hand

Partners /Owners Drawings In a registered company no withdrawal

A/c Capital Account is allowed,Hence no Drawing account

Interest On Capital Indirect Expense

For current account ,or saving account

Create In the name of Bank: For
Bank Account Bank Account example : SBI A/c No: 321222
 You can put any of the group
Bank OD A/c or mentioned. This is a current liability
Bank OD Account Bank OCC A/c account.

Party means to whom we are selling.

Customer Ledger Sundry Debtors Eg: JOHNSON TRADERS

The party who are supplying goods to

us or the party to whom we owe
Supplier Ledger Sundry Creditors money.

For example If you take loans from a

Private finance Create a LEDGER : L &
T Financial Services Loan A/c No: 1256
For Banking Institution :For Eg: ICICI
Loan Account Loans (Liability) Bank Loan a/c No: 4656556
 To account the insurance paid for the
Prepaid Insurance Current Assets next Financial year.

Income Tax Advance Current Assets

TDS Paid Current Asset

TCS Paid Current Asset

To account the sale of goods and

Sales Sales Account services

To account the freight charges received

from customers. Eg: Transportation
Freight Received Indirect Incomes using Lorry

To account the sale of old

machinery.Remember this type of sale
attract VAT.News paper sale or carton
sales or Indirect box sale can be accounted as Indirect
Sale of Scrap Income Income
Opening Stock Stock-In-Hand

Purchase Purchase Account

Closing Stock Stock-In-Hand

Vary in relation to the nature of

business, Some time salary account
Salary Account Indirect Expense termed as direct expense.

Wages Account Direct Expense

Directors Remunaration Indirect Expense

Partners salary Indirect Expense

Interest on loan Indirect Expense

Depreciation Indirect Expense

Amortisation Indirect Expense

 Relatively change the ,group, for
example ,Diesel for a machinery in a
manufacturing company is direct
expense, diesel for a motor car for
Direct expense/ travelling of manager is indirect
Diesel Expense Indirect Expense expense.

Repair & Maintenance Direct Expense

Freight paid for the purchase of

Freight Paid Direct Expense materials for selling or manufacturing

Audit Fee Indirect Expense

Insurace Indirect Expense

Local Conveyance Indirect Expense

Miscellaneous Expense Indirect Expense

Rates & Taxes Indirect Expense

Round off Indirect Expense

Printing & Stationery Indirect Expense

Travelling Expense Indirect Expense

Vehicle Expense Indirect Expense

Telephone Charges Indirect Expense

Advertising charges Indirect Expense

Discount Allowed Indirect Expense

Compound Tax Paid Indirect Expense

Courier Charges Indirect Expense

Interest on Income Tax Indirect Expense

Interest on VAT Indirect Expense

Interest on TDS Indirect Expense

Interest on TCS Indirect Expense

Land A/c Fixed Asset

Building Fixed Asset

Plant & Machineries Fixed Asset

Motor Vehicles Fixed Asset

Furniture & Fixtures Fixed Asset

Audit Fee Payable Provisions

Salary Payable Provisions

Wages Payable Provisions

TDS Payable Provisions

TCS Payable Provisions

Compound tax payable Provisions

Income Tax Payable Provisions

Telephone charges Payable Provisions

Petty Cash A/c Cash-In-Hand

Computer & Peripharals Fixed Asset

Purchase Return Account Purchase Account

Sales Return Account Sales Account

Discount Received Income Indirect

Share Capital A/C Capital Account

Generel Reserve A/c Reserves & Surplus

Capital Reserve A/c Reserves & Surplus

Sales Tax A/c Duties & Tax

Output Vat Duties & Tax

Input Vat Duties & Tax

TDS Account Duties & Tax Eg: TDS on Interest

TCS Account Duties & Tax Eg: TCS on Motor vehcile

Excise Duty Duties & Tax

CST A/c Duties & Tax

Service tax Duties & Tax

Rent Payable Provisions

NSC Deposits Deposits

Investment in Share Investment

Fixed Deposits Deposits

Goodwill Current Asset

Bills Receivable Current Asset

Bills Payable Current Liabilities

Loans & Advances

Salary Advance (Asset )

Outstanding Expense Current Liabilities

Factory Lighting Direct Expense

Import Duty Direct Expense

Royalty Direct Expense

Long Term Investment Fixed Asset

Bad Debt Recovered Income Indirect

Donation & Charity Indirect Expense

Loss by fire Indirect Expense

Loss By theft Indirect Expense

Legal Charges Indirect Expense

Bad Debts Indirect Expense

Accrued Income Current Asset