✅ How to Create  Direct & Indirect Income

💰 Create Direct Income Ledgers

Direct Income is the money you earn from your core business services. If you are a service-based business (like a garage or a coaching center), this is your primary revenue.

Direct Income is income earned directly from the core business activity,
such as services provided or charges related to sales.

🔹 Examples of Direct Income

• Servicing Charges
• Annual Maintenance Charges (AMC)
• Warranty Charges
• Installation Charges
• Penalty
• Late Fees
• Exam Fees
• ID Fees

🛠 Create Servicing Charges Ledger

🪜 Steps (TallyPrime 7.0)

1. Open Gateway of Tally
2. Select Create (under Masters)
3. Choose Ledger and press Enter
   OR
   Press Alt + G (Go To) → Create Master → Ledger → Press Enter
4. In Name, enter: Servicing Charges
5. In Under, select: Direct Incomes
6. Maintain balances bill-by-bill: No
7. Cost Centre Applicable: No (Select Yes if department-wise income tracking required)
8. Type of Ledger: Not Applicable
9. GST Applicable: Yes/No (Select Yes if GST on services is applicable)
10. Provide Bank Details: No (Only required for Bank Ledger)
11. Press Ctrl + A to Accept and Save

💵 How to Create Indirect Income Ledgers

Indirect Income is “extra” money. It’s not your main job, but you earned it (e.g., interest from the bank or renting out an extra desk in your office).

Indirect Income is income earned from sources other than main business operations.

🔹 Examples of Indirect Income

• Rent Received
• Interest Received
• Commission Received

🏠 Create Rent Received Ledger

🪜 Steps 

1. Open Gateway of Tally
2. Select Create (under Masters)
3. Choose Ledger and press Enter
   OR
   Press Alt + G (Go To) → Create Master → Ledger → Press Enter
4. In Name, enter: Rent Received
5. In Under, select: Indirect Incomes
6. Maintain balances bill-by-bill: No
7. Cost Centre Applicable: No
8. Type of Ledger: Not Applicable
9. GST Applicable: No (Select Yes only if GST applicable)
10. Provide Bank Details: No
11. Press Ctrl + A to Accept and Save

📌 Important Difference