Sub Group Natures in Tally ERP 9

1. Reserves and Surplus

Open ledgers like Capital Reserve, General Reserve, Reserves.

2. Bank Accounts

For Current savings, short term deposit accounts, etc.

3. Cash-in hand

Tally automatically opens one Cash A/c under this group.

4. Deposits

In essence, a place for Fixed Deposits, Security Deposits, or any deposit made by the company.

5. Loans & Advances

For all loans given by the company and advances of a non-trading nature, e.g., advance against salary.

6. Stock-in-hand

This is a special sub group. You may wish to open accounts like Raw Materials, Work-in-Progress and Finished Goods.

7. Sundry Debtors

For your customer accounts.

8. Duties and Taxes

For all tax accounts like VAT, Sales and other trade taxes. A convenient place to find the total liability.

9. Provisions

For provision accounts like Provision for Taxation, Depreciation, etc.

10. Sundry Creditors

For trade creditors of the company.

11. Bank OD Accounts

Tally gives two distinct types of Bank Accounts, The Bank OCC A/c is meant to record the company's overdraft accounts with banks. e.g., Bill Discounted

12. Secured Loans

For term loans and other long/medium term loans that have been obtained against security of some asset.

13. Unsecured Loans

For loans obtained without any security .e.g., Loans from Directors/partners or outside parties.