How to Create, Alter, Delete Ledger in Tally Prime


What is Ledger?

Ledger is a book or record that contains all the accounts used by a business. Each account within the ledger represents an individual type of transaction, such as sales, purchases, salaries, etc. Ledgers help in organizing financial data and are essential for preparing financial statements like the balance sheet, profit and loss account, and cash flow statement.

Predefined Ledgers in Tally

  • Cash ledger
  • Profit and loss account

How to Create Ledger in Tally Prime

Follow the given steps to create a new ledger in tally prime:

  • In the Gateway of Tally => click "Create" option (or) Press C to open create menu .
create ledger

  • In "Master Creation" Window => click "Ledger" to create a new ledger account.
create ledger


Ledger Creation Window

Fill in the required details in the Ledger Creation screen. These details typically include:

create ledger

  • Ledger Name: Enter the name of the ledger account.
  • Alias:You can assign an alias if needed to the ledger for easier identification.
  • Under:Choose the appropriate group under which this ledger falls. For example, if it's an expense ledger, you might select "Indirect Expenses".
  • Opening Balance:The opening balance is applicable when the ledger is an asset or a liability, and also if it has a balance in the account as on the date of beginning of books.
  • Save:Once you've entered all the necessary details, review the information to ensure accuracy. Press Enter or click on "Yes" to save the company details.
  • Repeat if Necessary: If you need to create more ledgers, repeat the above steps for each new ledger.

How to Alter Ledgers in Tally Prime

You can alter any information of the ledger master with the except for the closing balance under the group stock-in-hand .

  • In the Gateway of Tally => click "Alter" option (or) Press A to open alter menu.
create ledger

  • In "Master Alteration" Window => click "Ledger" to alter a created ledger account.
create ledger

  • In the ledger list, find the ledger account you want to alter. After selecting the ledger, press "Enter" or click on it to open its details.
create ledger

  • In the ledger details screen, you can now make the necessary alterations. This might include changing the name, address, group, opening balance, or any other relevant details.
create ledger

  • Once you've made the desired changes, press Ctrl + A or click on the "Accept" button to save the alterations.

How to Delete Ledgers in Tally Prime

  • In the Gateway of Tally => click "Alter" option (or) Press A to open alter menu.
  • In "Master Alteration" Window => click "Ledger" to delete a created ledger account.
  • In the ledger list, find the ledger account you want to delete. After selecting the ledger, press "Enter" or click on it to open its details.
  • After selecting the ledger, press Alt + D to delete.
  • Tally Prime will ask you to confirm the deletion. Confirm by pressing Enter or clicking "Yes".