- 1 How to do Consolidation of two companies In Tally ERP 9
How to do Consolidation of two companies In Tally ERP 9
Introduction to system administration and others utilities in Tally ERP 9
Apart from the features explained in the previous lessons. Tally has many other utilities.
Tally uses technology to effectively encrypt data, define security access according to user requirements and backup data reliably. It also has the facility to import and export data to
Other application, using standard formats and drivers. Other features include access to the
Internet and e-mail using Tally.
Tally uses a flexi-field, flexi-length, self indexed weighted file structure for an extremely compact
database. Tally is robust and will not be affected even if there is a power failure or if the machine
is shut down while the system is still functioning. It also uses signalling quality data integrity checks
at regular levels to ensure the complete reliability of data.
Security levels and backup mechanisms have been dealt with in detail in the previous chapters.
Consolidation of accounts, import, and export of data, ODBC compliance, web enabled features
And online help is taken up for discussion in this lesson.
how to merge two company data in tally erp 9
Consolidation of Accounts in Tally ERP
Consolidation of group accounts is often a mandatory requirement. Accounts of different companies belonging to the same management or owners are required to be consolidated
to present the financial position of the group companies as a whole . Shareholders are entitled
to know the performance of the group as a whole, as well as the performance of individual
Constituent companies. Tally makes the consolidated of account an easy task in which accounts
of any number of companies can be consolidated or kept separate.
To achieve this , you will have to first create a group company which contains the accounts of
member companies. In order words, it is the parent company under which the individual companies are stored.
How to Create a Group Company
A group company can be created only for companies that have been loaded.
To activate the group company feature, a minimum of two companies have to be loaded.
Since you have been working with a single company (Syscon computers ltd.) , the Create Group Company feature will not be activated.
Create another company , for example, name Syscon Telecom Services. Ensure that both Syscon
Computers ltd. and Syscon Telecom Services are loaded. Use ALT+ F3 TO view the company info menu and you will see that the Create Group Company feature is activated.
Select Create Group Company and press Enter to display the Group Company Creation screen.
Enter the detail as shown.
Tally display all the loaded companies in the list of Companies. Select both the companies
In this list and accept to create the Group Company.
Tally then displays the company info menu. In which along with the group company created,
You can view the individual companies that were loaded. To view only the group company shut
the individual companies. The Gateway of Tally screen display as shown
Alter a Group Company in tally
Select Alter and press Enter, then select the Group Company. Observe that a ‘Note’ (Changes effective on reloading only) display at the end of the screen. The details of the Group Company can
be altered as required.
Transactions cannot be entered in a Group Company.
The Group Company will give the summary (report) level consolidation and not transaction(voucher)
level consolidation, i.e., no merging of the voucher is possible.
The member companies of a Group Company should have the same formal name and base
A group company can be a member of another Group Company.
Split Company Data in tally ERP
Tally’s period-less accounting permits you to enter data for any number of financial years.
However, the presence of old data loads the system and slows processing speed. Splitting
Financial data over financial years helps you to retain the benefit of recording the data, while
maintaining a highly responsive system.
When data is split,
New companies are created for the respective split periods.
Full data is retained in the original company.
Important pre-split Activity
Before splitting data, ensure that
All unadjusted forex gains/losses have been fully adjusted by journal entries. Verify
that the item does not appear on the balance sheet.
There are no purchase bills/sales bills pending entry. Check the profit and loss account and
inventory statement for purchase/ sales bills pending. The pending bills have to be accounted
to the respective party accounts or entered in the respective ‘Bills Pending’ account.
Ensure that a backup of data exits.
To Split Company Data
Load Syscon Computers Ltd.
At the Gateway of Tally, select ALT+F3: Comp Info.
Press Enter on Split Company Data.
Tally prompts you to re- select the company name. select Syscon Computer Ltd. and the
Screen displays as shown.
Since Syscon Computers Ltd. has data only for six months (
), spilt data from the mid – point(
The data can be changed in the field Spilt From.
press Enter and accept to split. Tally creates two new companies – Syscon Computers Ltd.
( from 1- Apr- 2016) and Syscon Computers Ltd. (from 1-Sep-2016).
See also : Stock valuation In tally ERP