Creating and Altering Group Company

Creating Group Company

A Group Company can be created only for those companies that have been loaded in Tally.ERP 9.

  1. Click F1: Select Cmp to select the required companies to be loaded

  2. Tally.ERP 9 displays the loaded companies in Gateway of Tally screen

  1. Click F3: Cmp Info to view the Company Info. menu, and click Create Group Company

Note:

• Create Group Company option is available only when two or more companies are loaded

• A constituent company can be a member of more than one group

• A group company can also be a constituent of another group company

 

  1. The Group Company Creation screen is displayed as shown below:

  1. Select the member companies from the List of Companies menu to create the Group Company

Note: If Tally.Server 9 is used to maintain data, follow the steps given for Creating a Company on Tally.Server 9.

  1. To close a member company click F1: Shut Cmp

Note:

1. Entering a transaction is possible only in the member companies, and not group company

2. The group company will give the summary level (report) consolidation and not transaction level (voucher) consolidation

3. The member companies of a group company should have the same Base Currency Symbol and Formal Name.

Altering Group Company

You can add, remove, or edit details of the member companies by altering the group company.

To alter a group company,

  1. Go to Gateway of Tally > Click F3: Cmp Info > Click Alter

  2. Select the Group Company, the Group Company Alteration screen is displayed as shown below:  

Any modifications done to the group company will be reflected on reloading the company.