You can manage groups in multiple companies by copying masters.
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Copying masters in groups from multiple companies helps to:
● Maintain the same group structure and ledgers for businesses with subsidiaries or branches.
● Maintain uniformity of reports in all companies.
● Consolidate accounts across branches.
● Avoid re-creating masters in other companies.
When copying a group from one company to another, the source company (from where the master has to be copied) and the destination company (to which the master has to be copied) have to be selected.
1. Go to Gateway of Tally > Select Company > Source Company.
2. Go to Gateway of Tally > Select Company > Destination Company.
3. Go back to Gateway of Tally > Accounts Info. > Groups ( Single Group ) Alter .
4. Select a group from the List of Groups.
5. Click F3: Company to switch over to the destination company.
6. Select Yes for the option Accept? Yes or No after making alterations.
Note: If the parent of the group does not exist, you will not be able to accept the screen without selecting a parent in the destination company.
1. Go to Gateway of Tally > Select Company > Source Company.
2. Go to Gateway of Tally > Select Company > Destination Company.
3. Go back to Gateway of Tally > Accounts Info. > Groups (Multiple Groups) > Alter
4. Select a group or All Items from the list.
5. Click F3: Company to switch over to the destination company.
6. Select Yes to the option Accept? Yes or No after making alterations.
Note: Copying masters is possible only if the books of accounts are maintained on the same computer.
You can copy other masters like ledgers, cost categories and cost centres in the same way.
Note: The alternative to transferring information between companies is to use the options exporting or importing data.