Pre-defined groups of Accounts

Groups are a collection of Ledgers of the same nature of transaction.

Tally provides a list of 28 pre-defined Groups. Of these 15 are Primary Groups and 13 are Sub-Groups. Tally has pre-defined ledgers for Cash (under Cash-in-hand group) and for the Profit & Loss A/c (under primary group). 

Out of the 15 pre-defined primary groups, given below are 9 pre-defined Primary Groups (including the 13 Sub-groups) that appear in the Balance Sheet. These 9 primary groups are Capital in nature and hence appear in the Balance Sheet.

Note

Items in [square brackets] are aliases for the Group Names. This is another powerful feature of Tally, which allows us to refer the same item under several different names.

1.   Capital Account

                 Reserves & Surplus [Retained Earnings]

2.   Current Assets

                 Bank Accounts

                 Cash-in-hand

                 Deposits (Assets)

                 Loans & Advances (Asset)

                 Stock-in-hand

                 Sundry Debtors

3.   Current Liabilities

                 Duties & Taxes

                 Provisions

                 Sundry Creditors

4.    Fixed Assets

5.    Investments

6.   Loans (Liability)

                 Bank OD A/c [Bank OCC A/c]

                 Secured Loans

                 Unsecured Loans

7.   Suspense A/c

8.   Misc. Expenses (Asset)

9.   Branch/Divisions

Out of the 15 pre-defined groups, given below are the balance 6 pre-defined groups that appear in the Profit & Loss Account.

Note

Items in [square brackets] are aliases for the Group Names. This is another powerful feature of Tally, which allows us to refer to the same item under several different names.

10.   Sales Accounts

11.   Purchase Accounts

12.   Direct Incomes [Income (Direct)]

13.   Indirect Incomes [Income (Indirect)]

14.   Direct Expenses [Expenses (Direct)]

15.   Indirect Expenses [Expenses (Indirect)]