Stock Market Entries in TallyPrime (Tracking Shares): 3 Easy Steps

Here’s how to pass stock market entries in TallyPrime while tracking individual shares:

1. Create Ledgers:

• Go to Gateway of Tally > Masters > Create > Ledger.
• Create separate ledgers for each individual stock you own.
• Set the Group to “Stock-in-Hand” or a sub-group within if desired.
• Important: Enable the “Maintain Quantities” option for each stock ledger.

2. Record Purchase Entries:

• Go to Accounting Vouchers > Journal.
• Select “Purchase” as the voucher type.
• In the “Party/Account” field, select the ledger for the specific stock you’re buying.
• In the “Debit” field, enter the total cost of the purchase (quantity * average price).
• In the “Credit” field, select the bank or demat account from which you paid.
• Enter the date, stock name, quantity purchased, and average price in the narration.
• Save the voucher.

3. Record Sale Entries:

• Go to Accounting Vouchers > Journal.
• Select “Sales” as the voucher type.
• In the “Party/Account” field, select the ledger for the stock being sold.
• In the “Credit” field, enter the total sale proceeds received.
• In the “Debit” field, select the bank or demat account where the proceeds were deposited.
• Enter the date, stock name, quantity sold, and sale price in the narration.
• Save the voucher.

Additional Tips while Passing Stock Market Entries in TallyPrime (Individual Shares):

• Use cost centers to track performance in different sectors or markets for individual stocks.
• You can track capital gains and losses by comparing purchase and sale prices in relevant reports.
• Consider using the “Investment Voucher” type for stock transactions if available in your TallyPrime version.
• Ensure your demat account information is linked in TallyPrime for automatic transaction imports (if possible).

I hope this clarifies the process for tracking individual shares in TallyPrime!