What are groups in tally Accounting?
Someone in tally is called a group. And what are these types? In Tally, groups are a group of ledgers of the same nature. And in Tally, the group of the ledger is called groups. In Tally, when the accountant maintains the group, the reason for maintaining them is that he can easily see the information of the entire group. A group is a group of groups of similar nature. In these groups, every ledger is being maintained automatically according to its nature.
Also, Read:- Understanding drawing in accounting
How many groups in tally prime?
Before the launch of Tally prime, we used to see 28 groups in Tally ERP. And now tally has become prime launch, in this also we get to see 28 groups. All together in tally, there are 28 groups in which 15 are primary groups and there are 13 sub groups.
List of primary group in tally Prime
|2. Current assets|
|3. Indirect income|
|4. Capital accounts|
|5. Fixed assets|
|6. Misc. expenses|
|9. Purchase account|
|10. Suspense account|
|11. Sales account|
|12. Direct income|
|13. Current liability|
|14. Indirect expense|
|15. Direct expenses|
List of sub groups in tally Prime
|1. Sundry creditors|
|2. Stock in hand|
|3. Secured loans|
|4. Bank accounts|
|5. Stock in hand|
|7. Cash in hand|
|8. Duties & taxes|
|9. Bank ok Account|
|10. Loans & advances ( assets )|
|11. Unsecured loan|
|12. reserves & surplus|
|13. sundry debtors|
How to create group in tally prime
groups in tally. There is a big group of sub-nature in which all the ledgers related to the group are inside the group. Let us know how to create a group in tally prime.
Gateway of Tally Prime
Select create option than enter
select group and entry
Name group and enter
How to alter groups in tally prime
Select second option Alter and enter
than you can rename the group’s name and enter. you group name will be changed.
Why important to create groups in tally
groups, There is a group of ledgers in tally which shows all the related ledgers. Whenever the accountant maintains the transaction of a company in Tally, with the help of groups, it becomes easy to understand what is the status of which group. If he does not maintain the group, then he has to open each ledger and see it. Due to this, it will take more time and everyone’s details will have to be kept separate. Creating a group will not waste time and the information of any group can be seen quickly.