Branch accounts

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 October 2016 Dear Experts,
We have opened the new branch in other state pls tell me do we need to maintained branch accounts separately or it will be clubbed with our company accounts.

Regards
Sunil Gupta

Sandeep Dharar

Sandeep Dharar (Expert)
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25 October 2016 Better to maintain separate branch in the same books of the company. This will show u the performance of the branch and all legal matters also.

Querist : Anonymous

Querist : Anonymous (Querist)

25 October 2016 Sir how branch accounts can be maintain separately in the books of company can you pls let me know the same.

Sandeep Dharar

Sandeep Dharar (Expert)
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25 October 2016 There are many corporate softwares in which U can maintain separate branch accounts. I m showing u the process through tally(by cost centres) visit the following you tube link for tutorials:-

https://www.youtube.com/watch?v=xWSxVDKcVOQ

Its better to purchase corporate software(s)(if ur business is a large scale) in which u can easily view the reports, then tally.