How to Split one Company's data into two new Companies in tally 9

How to split one company's data into two companies in tally 9 ?

Before understand this procedure you must know following question

Q :- What is split ?

Answer : Split means divide any large data into its sub part .

Q:- What is split of tally data or SPlit of Company data ?

Ans : In tally software , we can keep and maintain many years data . There is no concept of closing of accounts in tally software . But due to every businessmen want some privacy in previous year data . Of course , they are interested , data previous year data should not be showed in current year balance sheet and current year profit and loss account . For this purpose , tally 9 software has very best tool of split tally data . It means now ,you can convert 2 or more years data keep it in your two new companies .

I want to explain it with an example

Suppose A company is created at 1-4-2007 , he continues feeding data of transactions in tally voucher upto 31-3-2009 . So tally show balance sheet and profit and loss account on two year data base but , if you want to divide your company into

A company from 1-4-2007 to 31-3-2008

A company from 1-4-2008 to 31-3-2009

, after this you see your current period data with the help of splitting , your original company also retain in tally 9 . Now you have understood what is split of tally data .

Q:- What are prerequisites before splitting a company:

Ans : There are following prerequisites before splitting a company

  • You must have posted all entries pertaining to last financial year like closing balances, adjustment entries, depreciation entries etc. Else Wait!

  • You must have adjusted all Forex Gaines/Losses. you can verify that no unadjusted forex gain/ loss is shown in balance sheet.

  • There must be no purchase bill or sales bill pending . Go to profit & Loss statement or go to inventory statements to see any purchase bill pending or sales bill pending. The path is :
    Gateway of Tally → Display → StatemEnts of Inventory

Now I start the procedure or step for doing above into action

Ist step

Open tally 9 and click company info. , if you have more than one company , then select that company whose data you want to split .

2nd step

After this again go to company Info. and click split

and after enter the data from when start split and then save .

Supose in above example you have to enter the split date 1-Apr-2008

and accept the form of split and after this you see in selected company there will two new company becomes automatically by tally


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Accounting Education: How to Split one Company's data into two new Companies in tally 9
How to Split one Company's data into two new Companies in tally 9
Accounting Education
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