List of Ledger & Under Group In Tally
| Ledger Name To Be Created | Tally Under Group Head |
| Accrued Income | Current Assets |
| Accrued Rent/ Accrued Income | Current Assets |
| Advertisement Expenses | Indirect Expenses |
| Advertisement Payable | Current Liabilities |
| Air Conditioner | Fixed Assets |
| Apprentice Premium | Direct Incomes |
| Audit Fees | Indirect Expenses |
| All Purchase ledger created | Purchase Account |
| Amortization | Indirect Expenses |
| Audit Fee Payable | Provisions |
| Bad Debts | Indirect Expenses |
| Bad Debts Received/Bad Debt Recovered | Indirect Incomes |
| Bad Debts Reserve (last year balance) | Indirect Incomes |
| Bank | Bank Account {All Bank A/c Current A/c, OD A/c, CC A/c, Savings A/c etc. For Axis Bank A/c } |
| Bank CC Accounts | Bank OCC Account {All Bank A/c Current A/c, OD A/c, CC A/c, Savings A/c etc. For Axis Bank A/c } |
| Bank Balance | Bank Account |
| Bank Charges | Indirect Expenses |
| Bank Commission | Indirect Expenses |
| Bank OD /CC Accounts | Bank OD A/c ( Bank OCC A/c ) |
| Bank OD Accounts/Bank Overdraft | Bank OD Account {All Bank A/c Current A/c, OD A/c, CC A/c, Savings A/c etc. For Axis Bank A/c } |
| Bank Loan | Loans & Liabilities |
| Bills Payable | Current Liabilities |
| Bills Receivable | Current Assets |
| Bombay Branch | Branch & Division |
| Bonds | Current Assets |
| Building | Fixed Assets |
| Capital | Capital Account |
| Car | Fixed Assets |
| Car loan | Secured Loans {Loans raised by collateral} |
| Car Expenses | Indirect Expenses |
| Car Repair | Indirect Expenses |
| Carriage | Direct Expenses |
| Carriage on Sales | Indirect Expenses |
| Cash | Cash in Hand {Default Account} |
| Cash at Bank | Bank Account |
| CESS | Duties & Taxes {Tax Type Selected Cess} |
| CGST | Duties & Taxes {Type Of Duty Should Be GST} |
| Closing Stock | Stock in Hand |
| Coal & Fuel | Direct Expenses |
| Coal, Gas & Water of Factory | Direct Expenses |
| Coffee Expenses | Indirect Expenses |
| Coke Expenses | Indirect Expenses |
| Commission (Cr.) / Commission Received | Indirect Incomes |
| Commission (Dr.) / Commission Paid | Indirect Expenses |
| Computer & Peripherals | Fixed Assets |
| Consignment Stock | Current Assets |
| Consumed Material | Direct Expenses |
| Coolage | Direct Expenses |
| Creditors | Sundry Creditors |
| Capital Reserve | Reserve & Surplus |
| Communication Expense | Indirect Expenses |
| Compound Tax Paid | Indirect Expenses |
| Compound tax payable | Provisions |
| Computer software | Fixed Asset {Most Expensive software if purchased} |
| Courier Charges | Indirect Expense |
| Credit Cards | Unsecured Loans |
| CST A/c | Duties & Taxes |
| Custom clearing charges | Direct Expense |
| Customer Ledger | Sundry Debtors {All customers ledger who buys products or services from business} |
| Delivery charges ( Buying raw material) | Direct Expense |
| Diesel Expense ( Factory ) | Direct Expense |
| Diesel/Petrol Expense | Indirect Expense {For travelling, cars for managers etc} |
| Directors Remuneration | Indirect Expenses |
| Divident Payable | Current Liabilities |
| Debtors | Sundry Debtors |
| Deferred Expenses | Current Assets |
| Deferred Income | Current Liabilities |
| Delhi Branch | Branch & Division |
| Depreciation | Indirect Expenses |
| Depreciation Reserve | Current Liabilities |
| Difference in Trial Balance (Dr or Cr) | Suspense Account |
| Discount (Cr.) / Discount Received | Indirect Incomes |
| Discount (Dr) / Discount Allowed | Indirect Expenses |
| Donation & Charity | Indirect Expenses |
| Partners /Owners Drawings A/c | Capital Account |
| Electricity charges ( Factory ) | Direct Expense |
| Excise Duty | Duties & Taxes |
| Expense Payable | Current Liabilities |
| Electricity Expenses | Indirect Expenses |
| Expenses on Purchases | Direct Expenses |
| Expenses on Sales | Indirect Expenses |
| Export Duty | Indirect Expenses |
| Factory Lighting | Direct Expense |
| Factory Rent | Direct Expense |
| Fixed Deposits | Deposit ( Asset ) |
| Freight Charges | Direct Expense |
| Furniture & Fixtures | Fixed Asset |
| Factory | Fixed Assets |
| Factory Incomes | Direct Incomes |
| Farm House | Fixed Assets |
| FDR | Current Assets |
| Fire Insurance | Indirect Expenses |
| Fitting Charges Received | Indirect Income |
| Forex Gain Loss | Indirect Expenses |
| Freight Inward | Direct Expenses |
| Freight on Purchase (Freight Inward) | Direct Expenses |
| Freight on Sale (Freight Outward) | Indirect Expenses |
| Freight Outward | Indirect Expenses |
| Fuel & Power of Factory | Direct Expenses |
| Furniture & Fitting | Fixed Assets |
| Furniture & Fixture | Fixed Assets |
| GST Payable | Current Liabilities |
| IGST | Duties & Taxes {Type of duty should be GST} |
| Gas and Water | Direct Expenses |
| General Expenses | Indirect Expenses |
| General Reserve | Reserve & Surplus |
| Godown Rent | Indirect Expenses |
| Goods Sent on Consignment | Sales Account |
| Goodwill | Fixed Assets |
| Housing Loan A/c | Secured Loans |
| Horse & Carts | Fixed Assets |
| House Rent | Capital Account |
| Hundi (Assets) | Current Assets |
| Hundi (Liability) | Current Liabilities |
| Import Duty | Direct Expenses |
| Income From Repair | Indirect Incomes |
| Income on Assets | Indirect Incomes |
| Income on Investments | Indirect Incomes |
| Income Tax | Capital Account |
| Income Tax Advance | Current Asset |
| Income Tax payable | Current Liabilities |
| Income Tax Payable | Provisions |
| Input VAT 4%, 12.5% | Duties & Taxes |
| Insurance | Indirect Expenses |
| Insurance Claim | Indirect Incomes |
| Insurance Company | Sundry Debtors |
| Interest (Dr.) | Indirect Expenses |
| Interest on Capital | Indirect Expenses |
| Interest on Drawing | Indirect Incomes |
| Interest on Loan | Indirect Expenses |
| Interest Received (Cr.) | Indirect Incomes |
| Invest in Govt. Bond | Investment |
| Investment | Investment |
| Interest on Income Tax | Indirect Expense |
| Interest on TCS | Indirect Expense |
| Interest on TDS | Indirect Expense |
| Interest on VAT | Indirect Expense |
| Investment in Share | Investments |
| Labour Charges | Indirect Expenses |
| Land & Building | Fixed Assets |
| Lease Hold Building | Fixed Assets |
| Legal Expenses | Direct Expenses |
| LIC Premium (Dr) | Capital Account |
| LIC Refund (Cr) | Capital Account |
| Life Insurance | Capital Account |
| Loan on Mortgage, Loans | Loans & Liabilities |
| Loan Account | Loans ( Liability) |
| Loans to director | Loans & Advances (Asset) |
| Loans to partner | Loans & Advances (Asset) |
| Loans to sister concern | Loans & Advances (Asset) |
| Loose Tools | Fixed Assets |
| Loss By Damage | Indirect Expenses |
| Loss by Fire | Indirect Expenses |
| Loss in Transit | Indirect Expenses |
| Loss on Assets | Indirect Expenses |
| Loss on Joint Venture | Indirect Expenses |
| Lease Payable | Current Liabilities |
| Loading & Unloading Exp | Direct Expense |
| Local Conveyance | Indirect Expense |
| Long Term Investment | Fixed Asset |
| Loss By theft | Indirect Expense |
| Machine & Tools | Fixed Assets |
| Machine Repair | Indirect Expenses |
| Manager’s Commission | Indirect Expenses |
| Manufacturing Expenses | Direct Expenses |
| Master Plus | Investment |
| Miscellaneous Expenses (Office, Building) | Indirect Expenses |
| Miscellaneous Income | Indirect Incomes |
| Motor Cycle | Fixed Assets |
| Motor Cycle Repair | Indirect Expenses |
| Mutual Fund | Investment |
| NSC Deposits | Deposit ( Asset ) |
| Octroi | Direct Expenses |
| Office Expenses | Indirect Expenses |
| Oil | Direct Expenses |
| Opening Stock | Stock in Hand |
| Output VAT 4%, 12.5% | Duties & Taxes |
| Outstanding Expenses | Current Liabilities |
| Partners salary | Indirect Expense |
| Penalty | Indirect Expense |
| Personal Loans | Unsecured Loans |
| Petty Cash A/c | Cash- In – Hand |
| Plant & Machinery | Fixed Asset |
| Pre- operative expense | Miscellaneous Expense ( Asset) |
| Prepaid Insurance | Current Asset {To A/c the insurance paid for the next Financial year} |
| Professional Fees | Indirect Expense |
| Profit & loss account | Profit & Loss A/c {Created automatically} |
| Packing Exp. | Indirect Expenses |
| Pan and Tea Expenses | Indirect Expenses |
| Personal Expenses | Capital Account |
| Petrol Expenses | Indirect Expenses |
| Postage & Telegram | Indirect Expenses |
| Power & Fuel | Direct Expenses |
| Prepaid Expenses | Current Assets |
| Printing & Advertisement | Indirect Expenses |
| Printing & Stationery | Indirect Expenses |
| Printing, Papers & Advertisement | Indirect Expenses |
| Production Wages | Direct Expenses |
| Profit on Consignment | Indirect Incomes |
| Profit on Joint venture | Indirect Incomes |
| Provision for Bad Debts | Indirect Expenses |
| Provision for Discount on Creditors | Indirect Incomes |
| Provision for Discount on Debtors | Indirect Expenses |
| Provision for Office Expenses | Current Liabilities |
| Purchase | Purchase Account |
| Purchase of New Land | Fixed Assets |
| Purchase of Raw Material | Purchase Account |
| Purchase Return | Purchase Account |
| Purchase UP/ Ex-UP | Purchase Account |
| Partner’s Current Account | Capital Account |
| Railway Authority | Sundry Debtors |
| Rates & Taxes | Indirect Expenses |
| Refreshment Expenses | Indirect Expenses |
| Refrigerator | Fixed Assets |
| Rent | Indirect Expenses |
| Rent & Tax | Indirect Expenses |
| Rent on Purchase | Direct Expenses |
| Rent Payable | Current Liabilities |
| Rent Received | Indirect Incomes |
| Repair & Renovation | Indirect Expenses |
| Repairing Charges Received | Indirect Incomes |
| Return Inward | Sales Account |
| Return Outward | Purchase Account |
| Rent Expense ( Office ) | Indirect Expense |
| Repair & Maintenance | Direct Expense |
| Round off | Indirect Expense |
| Royalty | Direct Expense {For Mining, leasing etc} |
| Sales Tax A/c | Duties & Taxes |
| Sample Free | Indirect Expense |
| Scrap Sale | Indirect Expense {Sale of small Amt. carton box, machinery damaged parts, etc.} |
| Scrap Sale Ledger | Sales Account {Sale of Machinery or other Big assets attract GST} |
| Secured Credit card A/c | Secured Loans {Credit cards issued against Fixed Deposit} |
| Service tax | Duties & Taxes |
| SGST | Duties & Taxes (Type of duty should be GST) |
| Staff Welfare Expense | Indirect Expense |
| Students loan | Unsecured Loans |
| Unearned Income | Current Liabilities |
| UGST | Duties & Taxes {Type of duty should be GST} |
| Unearned Revenue | Current Liabilities |
| VAT Payable | Current Liabilities |
| Vehicle Repair | Indirect Expenses |
| Wages | Direct Expenses |
| Wages on Production | Direct Expenses |
| Ware House Expense | Direct Expenses |
| Water Charges ( Factory ) | Direct Expenses |
| Unearned Income | Current Liabilities |
| UGST | Duties & Taxes {Type of duty should be GST} |
| Unearned Revenue | Current Liabilities |
| VAT Payable | Current Liabilities |
| Vehicle Repair | Indirect Expenses |
| Wages | Direct Expenses |
| Wages on Production | Direct Expenses |
| Ware House Expense | Direct Expenses |
| Water Charges ( Factory ) | Direct Expenses |