Ledger

Ledger

Ledger is

Roles

Finance Admin

Path

Accounting » Accounting Configuration » Ledger

Pre-Requisite

• Finance policy must be created
• Finance Admin role to User

Terminology

• Account of- Type of commodity (like Customer , vendor, bank, student,fee, etc)
• Resource name :- You can map ledger to any of the master.
• Ledger Name:- General Ledger name
• Ledger Alias:- Alias name for Display
• Type of Account – Personal, Nominal, Real
• Group:- Most important attribute, this is called as Account group, it’s a parent attribute for ledger.
• Is Tally Individual Entry ?- Mapping with tally
• Statutory / Tax Applicable ?- define if any Tax related ledger like TDS.
• Is Cost Center ?- Condition for cost center, its kind of specific location / department.

Inputs Needed

• Account of
• Resource name
• Ledger Name
• Ledger Alias
• Type of Account
• Group
• Is Tally Individual Entry
• Statutory / Tax Applicable
• Is Cost Center