Consignment/Branch Transfer Ledgers

The user-defined account group needs to be created for Consignment/Branch Transfer inward and outward. This is to bifurcate the value of stock transfers and actual purchases/sales and capture the values in Profit & Loss Accounts.

Creating User Defined Accounts Group for Consignment/Branch Transfer Inward

Go to Gateway of Tally > Accounts Info. > Group > Create

Consignment/Branch Transfer Inward Ledger

Go to Gateway of Tally > Accounts Info. > Ledgers > Create

Creating User Defined Accounts Group for Consignment/Branch Transfer Outward

Go to Gateway of Tally > Accounts Info. > Group > Create

Consignment/Branch Transfer Outward Ledger

Go to Gateway of Tally > Accounts Info. > Ledgers > Create

The grouping of ledgers under user-defined Account group will bifurcate the values of purchases / sales from stock transfers in Profit & Loss Account.