How to categorise Ledgers groups in Tally Prime? After setting up your company and creating a ledgers account, the next step is to create Ledgers groups. But first, let’s understand categorising groups. Groups in Tally are collections of ledgers of the exact nature. Account groups in Tally are maintained to determine the hierarchy of Ledger Accounts. It helps select and present meaningful and compliant reports. In this article, we have explained about creation of Groups in tally prime and other details about it.
The main accounts are classified into Capital or Revenue – and sub-category divided into Assets, Liabilities, Income and Expenditure. Groups in Tally Prime has already set 28 pre-defined Groups in Tally. Out of which, Of these, 15 are Primary Groups, and 13 are Sub-Groups. Users can group the Ledger accounts under the necessary Groups while creating the chart of statements or alter/change them later. also check How to Create Ledgers in Tally Prime.
Primary & Sub Groups In Tally
Primary Groups: These are the main Groups in Tally with a top-level hierarchy. In these 15 groups, six are profit and loss a/c items, and nine are balance sheet items. These groups in Tally Prime cannot be deleted.
Sub Groups: It is a part of primary groups in Tally that is divided into 13 items.
The sub-groups in Tally that form a part of the balance sheet are:
Various Entries under Groups in Tally Prime
There are various default groups, and these groups in Tally can be used for various entries such as:
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Groups Name and Ledger Account
Below we have mentioned the group Name with their Ledger Accounts:
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