When you merge two ledgers in Tally ERP 9, you will need to create a new ledger and name it “merged_ledgers”. You will also need to create a new table called “merged_ledgers” and add the following fields:
- Ledger Name
- Ledger Number
- Ledger Type
- Currency Code
- Date of Birth 1) In the “Ledger Name” field, enter the name of the newly merged ledger. This should be something unique and easy to remember. For example, if you merged two ledgers called “Account1” and “Account2”, then your ledger name would be “Merged_Accounts”.
- In the “Ledger Number” field, enter the number of the newly merged ledger. This should be unique and easy to remember too. For example, if you merged two ledgers called “Account1” and “Account2”, then your ledger number would be 2. You can also use numbers that are multiples of 10 or 100 (e.g., 1000000 or 10 million). However, these numbers must be entered in quotation marks because they are not case-sensitive!
- In the “Ledger Type” field, enter either an account number or a currency code (e.g., USD). The account number is important because it will be used to identify each account in your new ledger when you view it in Tally ERP 9! The currency code is important because it will show which currencies are being used in your transactions! For example, if you merged two ledgers called USD and CHF, then your ledger type would be CHF/USD. 4) In the “Date of Birth” field, enter the date of birth of each individual in your new ledger! This is important because it will show when they were born and how old they are! 5
How To Import All master ledgers
Select the ledger details from one master and copy them to a different master by choosing Tally Gateway of Tally > Alter button. Or, press Alt+G (Go To) > Change Master button. Select Copy Allocation Details from the drop-down menu after selecting Copy From in the field Copy From.
Tally will automatically create two ledger accounts, a Profit & Loss account and a Cash in Hand account, as needed. We can establish ledger accounts according to the demands of the organization.
Tally. ERP 9 has two Ledger accounts by default: Cash (Cash-in-Hand) and Profit & Loss Account (direct Primary Account).
Create a new party in Gateway of Tally > Accounts Info > Ledgers. F12: Configure will be highlighted. Set the Use MULTIPLE Addresses option to Yes. Click Enter to save the configuration and go to the Ledger Creation screen. In the Name field, type the name of the Party (E.g., Supplier A).
Refer to the Book of Knowledge, Chapter 3 (Masters) for a complete list of requirements. Create an account on Tally Gateway by going to My Account/My Settings and selecting New User under Users & Passwords. Choose Godowns from the drop-down menu under Inventory Info in Step 1. In Step 2, choose Godowns option to establish Godowns in Tally as needed by a firm’s needs. In Step 3, click on the create option to create a single Godown in Tally.
