Ledger

Creating Ledger

Ledger is nothing but an account

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.