New Financial Year Started
How to Split a Company in Tally / Tally.ERP 9?
Prerequisites for splitting company data
Before splitting the company data make sure the following steps followed.
1. Take Tally.ERP9 data backup.
2. Clear all unadjusted forex gain/losses by passing Journal entries.
3.No purchase/sales bills are due. Check the Profit & Loss A/c and inventory statements (purchase/sales bills pending). You have to account them in the respective party accounts or in the bills pending account.
4.All Adjustment entries to be done properly.
5. Verify the company data and rectify if any errors.
Follow the below steps to verify the company data.
1. Load the company which you want to split.
2. From the Gateway of Tally >> Press the Button "Cmp Info" from Right Hand Side Vertical Button Bar ( as shown in Figure 0.1 ) or from Key Board >> Press the Key combination [ Alt + F3 ]
3. Select the sub-menu "Split Company Data" as shown in Figure 0.2
4. Select the sub-menu "Verify Company Data" as shown in Figure 0.3
5. From right hand side drop down company list, select the company which user wants to verify among the activate companies as shown in Figure 0.4
6. After accepting the screen Tally will verify the data and if any errors detected, Tally will display list of Possible Errors, user can correct the error and repeat the verification till he gets "No Error(s) Found" Notification as shown in Figure 0.5
Procedure to Split the company data.
1. To split the company data, after verifying the company data as per above steps and rectifying the error, from Gateway of Tally >> Press the Button "Cmp Info" from Right Hand Side Vertical Button Bar ( as shown in Figure 0.1 ) or from Key Board >> Press the Key combination [ Alt + F3 ]
2. Select the sub-menu "Split Company Data" as shown in Figure 0.2
3. Under main menu"Split Company Data", select the sub-menu "Select Company" as shown in Figure 0.3
4. After keying in required information accept the screen as shown in Figure 0.4
On accepting the screen Tally.ERP 9 prompts with Split [Yes] or [No] dialogue box as shown in Figure 0.5
5. On confirming Split [Yes]. Tally starts split process with progress bar as shown in Figure 0.6
6. On successful splitting of company data. Tally create 2 additional child companies as shown in figure 0.7
Now your new books are ready, start working..... All the best for New Financial Year
Prerequisites for splitting company data
Before splitting the company data make sure the following steps followed.
1. Take Tally.ERP9 data backup.
2. Clear all unadjusted forex gain/losses by passing Journal entries.
3.No purchase/sales bills are due. Check the Profit & Loss A/c and inventory statements (purchase/sales bills pending). You have to account them in the respective party accounts or in the bills pending account.
4.All Adjustment entries to be done properly.
5. Verify the company data and rectify if any errors.
Follow the below steps to verify the company data.
1. Load the company which you want to split.
2. From the Gateway of Tally >> Press the Button "Cmp Info" from Right Hand Side Vertical Button Bar ( as shown in Figure 0.1 ) or from Key Board >> Press the Key combination [ Alt + F3 ]
Figure 0.1
3. Select the sub-menu "Split Company Data" as shown in Figure 0.2
Figure 0.2
4. Select the sub-menu "Verify Company Data" as shown in Figure 0.3
Figure 0.3
5. From right hand side drop down company list, select the company which user wants to verify among the activate companies as shown in Figure 0.4
Figure 0.4
6. After accepting the screen Tally will verify the data and if any errors detected, Tally will display list of Possible Errors, user can correct the error and repeat the verification till he gets "No Error(s) Found" Notification as shown in Figure 0.5
Figure 0.5
Procedure to Split the company data.
1. To split the company data, after verifying the company data as per above steps and rectifying the error, from Gateway of Tally >> Press the Button "Cmp Info" from Right Hand Side Vertical Button Bar ( as shown in Figure 0.1 ) or from Key Board >> Press the Key combination [ Alt + F3 ]
Figure 0.1
2. Select the sub-menu "Split Company Data" as shown in Figure 0.2
Figure 0.2
Figure 0.3
Figure 0.4
On accepting the screen Tally.ERP 9 prompts with Split [Yes] or [No] dialogue box as shown in Figure 0.5
Figure 0.5
5. On confirming Split [Yes]. Tally starts split process with progress bar as shown in Figure 0.6
Figure 0.6
6. On successful splitting of company data. Tally create 2 additional child companies as shown in figure 0.7
Figure 0.7
Now your new books are ready, start working..... All the best for New Financial Year
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