Create Group in Tally Prime

Creating groups in Tally Prime is an essential part of organizing your accounts. Groups help categorize ledgers for better financial reporting and management. Here’s a step-by-step guide on how to create a group in Tally Prime:

Step-by-Step Guide to Create a Group in Tally Prime

1. Go to the Gateway of Tally:

• Once the company is selected, you will be taken to the Gateway of Tally.

2. Navigate to Create

• From the Gateway of Tally, select Create.

• You may need to use the arrow keys or type the first few letters to navigate.

3. Select Groups

• Under Create, select Group.

4. Enter Group Details

You will be prompted to enter various details for the new group. Fill in the following fields:

• Name: Enter the name of the group (e.g., “Assets,” “Liabilities,” “Income,” “Expenses”).
• Alias: This is optional; you can provide an alternative name for the group.
• Under: Select the appropriate parent group under which this group will be categorized. For example, if you are creating a group for “Current Assets,” you would select “Assets” as the parent group.
• Group Type: Specify the type of group (e.g., “Primary,” “Sub-group”). Most groups will be primary, but you can create sub-groups under existing groups if needed.
• Additional Information: You can also fill in other optional fields as required.

5. Save the Group

• After entering all the necessary details, press Enter to save the group.
• You will see a confirmation message indicating that the group has been created successfully.

Additional Tips

• Hierarchy: Organizing groups in a hierarchical manner (with primary and sub-groups) can help in better reporting and analysis.
• Group Types: Familiarize yourself with different group types to create a well-structured chart of accounts.
• Editing Groups: If you need to make changes to an existing group, you can navigate to the Groups menu, select Alter, and choose the group you want to modify.