1. Tally provides 28 predefined groups of accounts, including 15 primary groups and 13 subgroups. 9 primary groups are used for the balance sheet and 6 for the trading and profit & loss account. 2. The document lists the predefined primary groups and subgroups and where they appear - balance sheet, trading, or profit & loss. 3. It provides instructions for creating a new customized group, altering an existing group, and deleting a group. It also describes how to display multiple groups or make multiple alterations through the "Multiple Display/Alter" option.

1. ined Group of Accounts
PRE-DEFINED GROUP OF
ACCOUNTS
R.D.SIVAKUMAR,M.Sc.,M.Phil.,M.Tech.,
AssistantProfessorof ComputerScience &
AssistantProfessorandHead,DepartmentofM.Com.(CA),
AyyaNadarJanakiAmmal College,
Sivakasi– 626124.
Mobile: 099440-42243
e-mail :sivamsccsit@gmail.com
website: www.rdsivakumar.blogspot.in

2.  Tally provides a set of pre-defined groups and allows to modify
their names or create sub-groups. The total number of pre-defined
Groups are 28, of which 15 are Primary Groups and 13 are Sub-Groups.
Pre-defined Group of Accounts

3. Pre-defined Group of Accounts
S. No. Balance Sheet Profit & Loss Account
1.
2.
3.
4.
5.
6.
7.
8.
9.
Capital Account
Loans
Current Liabilities
Fixed Assets
Investments
Current Assets
Miscellaneous Expenses (asset)
Branches and Divisions
Suspense Account
Purchases
Direct Expenses
Sales
Direct Incomes
Indirect Incomes
Indirect Expenses
 9 out of the 15 Primary Groups come under Balance Sheet and the
balance 6 goes under Trading and Profit & Loss Account. The Primary Groups
which appear in Balance Sheet are Capital in nature where as the Primary
Groups which appear in Trading and Profit & Loss Account are revenue in
nature.

4. Pre-defined Group of Accounts
 All the 13 sub-groups are classified under Balance Sheet. The
following are the list of Primary and Sub-groups as they appear in Trading,
Profit & Loss and Balance Sheet.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
Reserves and Surplus (Retained Earnings)
Secured Loans
Unsecured Loans
Bank OD A/c
Duties and Taxes
Provisons
Creditors
Bank Accounts
Cash-in-hand
Deposits
Loans and Advances (Assets)
Stock-in-hand
Debtors
The Primary Groups are

5. Pre-defined Group of Accounts
 Sometimes, the user wants to create a new customized group. To create a new
group, the following steps would be followed.
 At Accounts Info menu, select Groups to get Account Groups Menu. At
Account Group Menu, select Create under Single Group to get Account Groups
Creation screen.
Account Groups Creation
1. Name
The user can enter the name of new group.
2. Under
Select the parent group from the list of pre-defined groups.
3. Group behaves like a sub-ledger
In order to get net group balance instead of ledger-wise balances in statements
respond ‘Yes’ to this option.
4. Used for calculation
If ledgers have percentages for discounts or taxes give ‘Yes’ to this option.
5. Method to allocate when used in Purchase Invoice
Under this menu, the user can select ‘not applicable’ option.
6. Nett Debit / Credit balances for reporting
For those groups where the use prefers to get net effect, set this option to ‘Yes

6. Pre-defined Group of Accounts
Accounts Info  Groups  Alter
On selecting this option, a List of Groups is displayed to select an existing group to Alter.
On choosing a group,, details of the selected group are displayed in Groups Alteration
Screen.
The user can Delete a Group by pressing Alt+D in the Group Alteration screen. . A
confirmation ‘Delete ? Yes or No’ appears. Type Y to confirm Deletion.
Accounts Info  Groups  Display
On selecting this option, a List of Groups is displayed to select an existing group.
Alteration of Groups
Deletion of Groups
Display Groups

7. Pre-defined Group of Accounts
This option is to be chosen when there is a need to create, alter or display
the names of many groups.
Gateway of Tally  Accounts Info  Groups  Multiple Display / Alter
Creation / Display / Alteration of Multiple
Groups

8. Pre-defined Group of Accounts