# Accounting for Stone Crusher in Tally
Here’s a comprehensive guide to setting up and maintaining stone crusher accounting in Tally:
## 1. Company Setup
– Create a new company in Tally with appropriate financial year settings
– Enable inventory/integrated accounting features if needed
## 2. Ledger Creation
Income Accounts:
– Crushed Stone Sales
– By-product Sales (e.g., stone dust)
– Rental Income (if applicable)
Expense Accounts:
– Raw Material Purchase (stone boulders)
– Fuel & Power Expenses
– Maintenance & Repairs
– Labor Charges
– Transportation Charges
– Depreciation on Machinery
– Royalty Payments (to government)
Asset Accounts:
– Crusher Plant & Machinery
– Vehicles for transportation
– Office Equipment
Liability Accounts:
– Bank Loans (for equipment purchase)
– Creditors for raw materials
## 3. Inventory Items
– Create stock items like:
– Different sizes of crushed stone (10mm, 20mm, etc.)
– Stone dust
– Raw boulders (purchased)
## 4. Voucher Entries
Purchase Entries:
1. Raw Material Purchase (Debit: Purchase Account, Credit: Supplier/Cash)
2. Equipment Purchase (Debit: Fixed Asset, Credit: Bank/Loan Account)
Sales Entries:
1. Crushed Stone Sales (Debit: Customer/Cash, Credit: Sales Account)
Expense Entries:
1. Fuel Expenses (Debit: Fuel Account, Credit: Cash/Bank)
2. Maintenance (Debit: Repairs Account, Credit: Cash/Bank)
## 5. Depreciation Calculation
– Set up depreciation for crusher machinery using Tally’s depreciation features
## 6. Reports to Monitor
– Profit & Loss Statement
– Balance Sheet
– Stock Summary Report
– Day Book for daily transactions
## Special Considerations for Stone Crushers:
1. Track royalty payments to government authorities separately
2. Maintain separate accounts for different product sizes if pricing varies significantly
3. Record vehicle maintenance separately if you have transportation fleet
Would you like me to elaborate on any specific aspect of stone crusher accounting in Tally?