Introduction to Voucher Entries and Ledger Creation in Tally ERP 9 Tutorial - Lesson 3

In this Tally Prime Tutorial video, we will talk about Ledger Creation and Voucher Entries. Basically, we are going to discuss a few steps that are required before you start entering vouchers.

1. After creating a new company, your first step should always be creating New Ledger Accounts. That is because you will only be able to enter voucher entries if you have created the Ledger account in the first place, who's entries you want to add. Unless you will not be allowed to fill in voucher entries.

2. At the time of Creating New Ledger Accounts, Group information is the most important part. Here you need to specify the type of account you want to have for the new ledger you are going to create. Besides that, you can also fill in other general information related to that particular ledger account like Address and Opening Balances, etc.

3. At the time of entering vouchers, you should take care of the Voucher Date first, followed by the Voucher Type. For instance, for Cash / Cheque received entries, we will use F6 - Receipt voucher, and Payments made by Cash or through Bank will be entered in F5 - Payment. So, in this lesson particularly we will only talk about these two voucher types.

4. Then, we will see that how Tally automatically maintains all of your Account Books depending on the Groups that choose at the time of creating new ledger accounts and the data that you fill during the voucher entries.

5. You will also learn a few keyboard shortcuts to complete the work faster and how you can explore through accounting books to see the balances.

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👨 Recommended Videos:

Understanding Journal Voucher Entries in Tally
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🌻 A Tally ERP 9 Tutorial by The Teacher