The accounts of individual companies that belong to the same management can be consolidated to present a single financial report of the group of companies. You can view the performance of the group as a whole when required.
A Group Company can be created only for those companies that have been loaded in Tally.ERP 9.
To create a group company
1. Click F1: Select Cmp to select the required companies to be loaded. Tally.ERP 9 displays the loaded companies in Gateway of Tally screen.
2. Click F3: Cmp Info to view the Company Info menu, and click Create Group Company. The Group Company Creation screen appears as shown below:
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.
3. Select the member companies from the List of Companies menu to create the group company.
Note:
§ Entering a transaction is possible only in the member companies, and not group company.
§ A group company can also be a constituent of another group company.
§ A group company can also be a constituent of another 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 in the Group Company Alteration screen as shown below:
Reload the company to see the changes done to the group company.