TallyPrime Assignment-3 [ACCOUNT GROUPS CREATION]

Account Groups in TallyPrime

At the highest level, accounts are classified into Capital or Revenue – and more specifically into Assets, Liabilities , Income and Expenditure .

TallyPrime provides you with 28 Pre-defined Groups, of these 15 are Primary Groups and 13 are Sub-Groups . You can also create your own groups, either as Sub-groups or Primary Groups.

Out of the 15 Primary Groups, 9 Primary Groups appear in the Balance Sheets that are Capital in nature and 6 Primary Groups appear under Profit & Loss account which are Revenue in nature.

The lowest level would be the Ledger Account.  All Voucher entries are passed using ledgers.

TallyPrime has Pre-Defined Ledgers for Cash (under Cash-in-hand group) and for the Profit & Loss A/c (under primary group).

• Select Groups from the Chart of Accounts and Press Enter to see the List of Groups as below :

[12-Practical Assignment-TallyPrime]

Create Account Groups (under Single Group) one-by-one:

1. Gateway of Tally > Create > type or select Group and press Enter.

Alternatively, press Alt+G (Go To) > Create Master > type or select Group and press Enter.

2. After giving Name to the Group, In the field Under , from the List of Groups displayed, select the parent group under which the group has to be classified.

For example, Manufacturing Expenses under Direct Expenses .

[13-Practical Assignment-TallyPrime]

A new group created under primary will not be reflected in reports until you pass masters / transactions for that group.

You can also View any Groups… 

Go to Gateway of Tally > Chart of Accounts > Groups > Enter

You can also Alter / Modify any Groups …

Go to Gateway of Tally > Alter > Groups > Select or type Group Name and Press Enter to Alter

Delete a Created Group (No Default Group)

Groups can be deleted from the alteration screen, provided no transactions has been made or no sub-groups has been created .

Just Pres Alt+D in Alternation screen, and press Y.

[14-Practical Assignment-TallyPrime]

[Practical Assignment]

Create the following Accounts Groups with Normal Letter ( Italic Letters are Default Group)…