Manager - Finance & Accounts
58394 Points
Joined June 2010
Hi Namrata,
For your RTO and Insurance ledger accounts in Tally, here’s how you can create them:
Suggested Ledger Heads:
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RTO Charges
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Group: Indirect Expenses (or Duties & Taxes)
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Reason: RTO charges are expenses related to registration and taxes, so it fits under indirect expenses or duties and taxes.
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Insurance Charges
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Group: Indirect Expenses (or Insurance Expenses)
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If Tally has Insurance Expenses group, use that. Otherwise, create under Indirect Expenses.
How to create ledger in Tally:
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Go to Gateway of Tally > Accounts Info > Ledgers > Create
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Name: RTO Charges
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Group: Indirect Expenses (or Duties & Taxes)
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Save.
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Repeat similarly for Insurance Charges.
Additional Tip:
If you want to track these expenses separately for each bike brand (Jawa, Yezdi), you can use Cost Centers or Cost Categories in Tally.