Change Ledger for Item Allocation in TallyPrime: 4 Easy Steps

1. Understanding Ledger Allocation in TallyPrime

When you allocate stock items to sales or purchases, TallyPrime automatically uses the default ledger associated with the stock item.

However, you can manually change the ledger for specific allocations.

This is useful when you need to allocate items to different accounts based on specific criteria.

2. Steps to Change Ledger for Item Allocation in TallyPrime:

1. Go to the Voucher:

Open the sales or purchase voucher where you want to change the ledger allocation.

2. Edit Item Allocation:

• Select the stock item you want to modify.
• Press Alt+E (Edit) to open the item allocation details.

3. Change Ledger:

In the “Ledger” field, select the desired ledger account.

4. Save Changes:

Press Ctrl+A to save the changes.

3. Example to Change Ledger for Item Allocation in TallyPrime:

Let’s say you have a stock item named “Product A” with a default ledger of “Inventory.”

You want to allocate a specific quantity of this item to a different ledger, “Project X.”

1. Open a sales or purchase voucher where “Product A” is being used.
2. Select the “Product A” allocation.
3. Press Alt+E to edit the allocation.
4. In the “Ledger” field, select “Project X”.
5. Save the changes.

4. Benefits of Changing Ledger Allocation in TallyPrime:

• Flexibility: Allows you to allocate stock items to different accounts based on specific criteria.
• Cost Tracking: Helps track the cost of items used in different projects or departments.
• Reporting: Provides more granular information for reporting purposes.

5. Additional Considerations:

• Default Ledger: Ensure that the default ledger for the stock item is appropriate for most allocations.
• Inventory Valuation: Changing ledger allocation might affect the inventory valuation if different ledgers have different valuation methods.
• Reporting: Consider the impact of changing ledger allocation on your financial reports.

By effectively changing ledger allocation in TallyPrime, you can gain greater control over your inventory management and financial reporting.