How do I create a Group Company in Tally ?
The books of Account
of different companies belonging to the same management or owners are
required to be consolidated to present the financial position of the
group of companies as a whole. This is mandatory in many developed
countries and currently shareholders would rather know the performance
of the group as a whole and not the performance of individual
constituent companies.
Tally.ERP 9 simplifies
the task of consolidation of accounts. You can consolidate the accounts
of any number of companies as well as keep them separate.
The first step is to
create a Group Company, which is simply a name and identity given to the
merged accounts of constituent (member) companies of the group. A group
company may also include other group companies.
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