Group Company making in tally

You have seen reports for individual companies , also learnt how to get different companies reports in parallel columns . However many organization need consolidated financial reports for different companies belonging to the same management or owners . In many countries , it is mandatory to consolidate group company accounts . Even where it is not mandatory . Many business houses prefer to let the shareholders know performance of the group as a whole , besides performance of individual companies . You can attain it by creating group companies . Advantage of this concept is that you can consolidate accounts of any number of companies at any time still keep them separate . You may even have a group company that includes other group companies . We demonstrate it through an illustration . A business house has following companies which are divided into different group as per activity as the management intends to monitor industry / trade wise performance and also for the group as a whole

Company name
A one consultants
ISCON Consultants
R N Software
Mumbai medical shop
Taxtile traders
Leather Exporters ltd .

Creation of group company
Company info menu
As long as just one company is selected , this option remains in activated . On selecting multiple companies , this option is activated . In order to create software group company first we select all the companies and then select company info menu which now display create group company option .
Enter name for the group company at name field . The other field like directory , mailing name , address , e-mail address , income tax and sales tax numbers are similar as explained for company creation .
At member field , pop up displays all the company that have been pre selected prior to creation of group company . We select companies one after another who are member of this group company .
On accepting the screen , the group company would be created and auto selected .
On the left side of gateway of tally , you would find the group company name and individual companies both are appearing under list of companies .
Individual companies names are appearing again , this is because you had selected the companies independently , as such appearing under list of selected companies and again as group company is selected where these are as constituent companies .
In select company window , group company would be separately identified with the word group company .


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Vinod Kumar Prof. Vinod Kumar has received the post graduate degree in Commerce from ... read more »


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Accounting Education: Group Company making in tally
Group Company making in tally
Accounting Education
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