Creating Ledgers for Indirect Expenses

An Expenses ledger has to be created to claim the expenses.

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

  1. In the Name field enter the expense ledger name e.g. General Expenses

  2. Select the Group Indirect Expenses from the List of Groups in the Under field

  3. Set Inventory Values are affected to No

  4. Set Is Service Tax Applicable to Yes to view Category Name screen

  5. In the Category Name screen select Accounting Services (619) from the List of Service Categories

  1. Accept the screen to save