How to Put Opening Balances In Tally Prime: To put opening balance in the Ledger account after creation is simple and easy. A ledger is the account head to identify the transaction, and you can use ledgers in all accounting vouchers like sales, purchase, receipt, payment, contra and journal. In this article, we will discuss how to view, put, print and export the opening balance of ledger accounts in Tally Prime.
View Opening Balance
One can view the open balances of all ledger account on a single screen by following the further steps:
- Go toGateway of Tally-andgt;Chart of Accountsandgt;Ledgerandgt; and then pressEnter. Or, you canpressAlt+G(Go To) andgt; then type or selectChart of Accountsandgt;Ledgerandgt; and pressEnter.
- One then has to PressAlt+H(Multi-Masters) andgt; then selectMulti Alterandgt; and pressEnter. Selecting All Items from the List of Groups.
Put Opening Balance
After the creation of a Ledger account, one can enter the open balances in two different ways:
- Either by Entering Amount While creating Ledger:
- Go to Gateway of Tally -andgt; Create -andgt; Ledger.
- After all the detail in the middle of the Bottom, you can enter an amount manually “Dr.” or “Cr.
2. Or while Passing the Journal Entry
- After creating all the necessary ledgers.
- In Journal Voucher, go to
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Gateway of Tally – Vouchers – Press “F7” for Journal, then enter Being Opening Balance Transferred.
- If the assets balance is more than capital and liabilities, then the balancing figure is capital reserve.
- However if the capital and liabilities balance is more than assets then the balancing figure is Goodwill.
You can also alter the Tally Opening balance, by Going to Gateway of Tally andgt;Alterandgt;Ledgers andgt;Select ledger account to alter.
Print Opening Balance
To print the opening balance of Ledger account, follow the following steps:
- Go to Gateway of Tallyandgt;Choose Display More Reportsandgt;Then, Trial Balance.
- Or pressAlt+G(Go To) andgt; type or selectTrial Balanceandgt; and pressEnter.
- PressF5(Ledger-wise) and then pressCrlt+Pto print the ledeger.
- PressC: Configure to set options for printing, enable the show opening balance to yes by pressing enter on it.
- Enable the option Show accounts with zero balance to yes and close the show closing balance, if required.
- PressCtrl+Ato accept the configuration screen
- PressI:Preview to see the preview before print.
- Once confirm with preview pressPrintto print the report
Export Opening Balance
To report the opening balance in tally to another place:
- Go to Gateway of Tallyandgt;then choose Display More Reportsandgt;Trial Balance
- Alternatively, pressAlt+G(Go To) andgt; type or selectTrial Balanceandgt; and pressEnter
- PressF5(Ledger-wise) and pressAlt+E.
- PressC: Configure to setExport Configuration. Click on Show Opening Balances and Show Accounts with Zero balance and turn it to yes by clicking enter on it.
- You can also disable the Show transactionsandShow Closing Balancesby pressing Enter on it, if not needed.
- Select file format asExcel (Spreadsheet)and other details as required underExport Settings.
- PressCtrl+Ato accept the configuration screen
- PresE:Send to export.
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