Consolidation of Accounts @ Tally.ERP9 ...

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. Tally.ERP makes the consolidation of accounts 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 other words, it is the parent company under which the individual companies are stored.

1. Create a Group Company

A Group Company can be created by only for companies that have already been loaded or opened.

To activate the Group Company feature, a minimum of two companies have to be loaded or opened. Since you have been working with a single company (, the Create Group Company feature will not be activated.

Create another company . for example, name Balasore Telecom Services. Ensure that both and Balasore 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 details as shown :

Create a Group Company in Tally.ERP9

Tally.ERP displays all the loaded companies in the List of Companies . Select both the companies in this list and accept to create the Group Company.

Note :

• Transaction 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 vouchers is possible.

• The member companies of a Group Company should have the same formal name and base currency symbol.

• A Group company can be a member of another Group Company.

Company Information @ Tally.ERP9
Group & Ledger
Advanced Inventory / Stock
Order Processing
Re-Order Levels
Tracking Numbers
Batch-wise Details
Additional Cost Details
Bill of Materials (BOM)
Price Lists and Price Levels
Stock Valuation
Zero Valued Entries
Inventory Ageing Report
Actual and Billed Quantities
Advanced Usage of Vouchers
Maintain Bill-wise Details
Cost Center and Cost Category
Interest Calculation
Reversing Journals
Post-Dated Voucher
Memo (Memorandum) Voucher
Optional Voucher
Using Tracking Number
Knowledge Base @ Tally.ERP9
Stock Items
Stock Groups
Inventory Masters
Inventory Vouchers
Inventory Report Statements
Balance Sheet
Accounting Reports
Accounting Vouchers
Interest Calculation
VAT-Value Added Tax
Service Tax
TDS (Tax Deducted at Source)
Disclaimer :

The names of Companies and persons used in this Website have been used for illustrative purposes only.
The visitors may visit , the web site of Tally Solutions Pvt. Ltd. for resolving their doubts or for clarifications

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Tally,Tally GST,TallyERP9 GST, Tally9, Tally.ERP, Tally.ERP –9, Tally.Server 9, Tally.NET & Power of Simplicity are either registered trademarks or trademarks of Tally Solutions Pvt. Ltd. in India and/or other countries. All other trademarks are properties of their respective owners. This Website is not associated with any product or vendor mentioned in this Website.

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