How to create group in tally

How to create group in tally

Create Group in tally

What is group in tally?

Group:

Groups are collection of ledgers of the same nature. Account groups are maintained to determine the hierarchy of Ledger Accounts, which is helpful in determining and presenting meaningful and compliant reports.

Tally has the flexibility of setting user required chart of accounts.  You can group the Ledger accounts under the required Groups at the time of creating the chart of accounts or you can alter them at any time.

The Group behavior is classified into Capital or Revenue and more specifically into Assets, Liabilities, Income and Expenditure.  The Groups ascertain whether the same will affect Profit and Loss Account which is revenue in nature or Balance Sheet which is capital in nature.

Creating a Group (Single)
You can create a single group in Tally and configure its details as per your requirement. You can also view, alter or delete single groups that you have created.

Creating a Group
To create a single group

  1. Go to Gateway of Tally > Accounts Info. > Groups .
  2. Click the option Create under Single Group . The Group Creation screen appears.
  3. Enter the Name of the group.
  4. Enter the Alias name, if required.
  5. In the field Under , from the List of Groups displayed, select the parent group under which the group has to be classified. For example, Indirect Expenses .
  6. Group behaves like a sub-ledger is No by default if you like change your group behaves to change it or leave default.
  7. Net Debit/Credit balances for reporting form this option your able to report your balances in which nature.
  8. used for calculation ( for example : taxes,discounts) (for sales invoice entries) some time we need discount or round off directly effected on amount so we use this option.

Tip: Groups can be created under the group Primary , if required. To classify a group under Primary , the option Allow Advanced entries in Masters should be enabled in the Master Configuration screen .

The Group Creation screen appears as shown below:

creating a group in tally
how to create group in tally

9. Click Yes to accept the screen.

To display a group

  1. Go to Gateway of Tally > Accounts Info. > Groups .
  2. Click the option Display under Single Group .
  3. Select the name of the group required from the List of Groups displayed. The ledger display screen appears as shown below:
Display Group
Display Group in tally

To alter a group

  1. Go to Gateway of Tally > Accounts Info. > Groups .
  2. Click Alter under Single Group .
  3. Select the name of the group required from the List of Groups displayed.
  4. Make the necessary changes in the Group Alteration screen.
  5. Click Yes to save the changes.

To delete a group

  1. Go to Gateway of Tally > Accounts Info. > Groups .
  2. Click the option Alter under Single Group .
  3. Select the name of the group required from the List of Groups displayed.
  4. Click D : Delete .
  5. Click Yes to confirm deletion.

Tip: A group cannot be deleted if:

♦ The group has sub-groups.

♦ The group has ledgers classified under it.

♦ The group is a predefined master.

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