✅ How to Create a Sundry Creditor
Creating a Sundry Creditor / Supplier Name
This guide outlines how to set up a purchase party (supplier) account correctly to ensure accurate GST filing and payment tracking.
🏢 Party Profile
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Name: M/s Sonata Ltd
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Address: 2nd Phase, 4th Block, Jayanagar, Bangalore – 560001, Karnataka
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GST No: 29ABU9603R1Z
🪜 Step-by-Step Configuration
1. Navigation
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From the Gateway of Tally, go to Create > Ledger.
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Shortcut: Press Alt + G (Go To) → Create Master → Ledger.
2. Basic Information
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Name:
M/s Sonata Ltd -
Under (Group): Select
Sundry Creditors. -
Maintain balances bill-by-bill: Set to Yes.
Note: This is crucial for tracking which specific invoices are paid or outstanding.
3. Mailing & Statutory Details
Fill in the details exactly as per the supplier’s invoice:
| Field | Value |
| Address | 2nd Phase, 4th Block, Jayanagar |
| State | Karnataka |
| Pincode | 560001 |
| Registration Type | Regular |
| GSTIN/UIN | 29ABU9603R1Z |
4. Banking Details (Optional but Recommended)
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Set Provide Bank Details to Yes if you plan to generate payment advice or use e-payments directly from Tally. You can enter the Account Number and IFS Code here.
5. Opening Balance
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Leave as 0.00 if this is a new supplier.
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Only enter a value here if you are migrating from an old system and have an existing unpaid balance with this party.
6. Finalize
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Press Ctrl + A to save the ledger instantly.
💡 Pro-Tips for Tally Prime 7.0
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Set Credit Period: In the ledger screen, you can set “Default Credit Period” (e.g., 30 days). Tally will then automatically warn you when an invoice is overdue.
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Verify GSTIN: While entering the GSTIN, you can click on Verify GSTIN/UIN (if you have an active TSS) to ensure the number is valid and active on the portal.
