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Tuesday, 29 August 2017 10:23

Maintaining Group Company

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The accounts of individual companies that belong to the same management can be consolidated to present a single financial report of the group of companies. You can view the performance of the group as a whole when required.

Creating Group Company

Group Company can be created only for those companies that have been loaded in Tally.ERP 9.

To create a group company

1.    Click F1: Select Cmp to select the required companies to be loaded. Tally.ERP 9 displays the loaded companies in Gateway of Tally screen.

2.    Click F3: Cmp Info to view the Company Info menu, and click Create Group Company. The Group Company Creation screen appears as shown below:

Note:

   Create Group Company option is available only when two or more companies are loaded.

   A constituent company can be a member of more than one group.

   A group company can also be a constituent of another group company.

3.    Select the member companies from the List of Companies menu to create the group company.

Note:

   Entering a transaction is possible only in the member companies, and not group company.

   A group company can also be a constituent of another group company.

   A group company can also be a constituent of another group company.

Altering Group Company

You can add, remove, or edit details of the member companies by altering the group company.

To alter a group company

1.    Go to Gateway of Tally > click F3: Cmp Info > click Alter.

2.    Select the group company in the Group Company Alteration screen as shown below:  

Reload the company to see the changes done to the group company.

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Anish Sir

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