Branch Accounting

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Ravi (Querist)
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21 May 2016 Hello everyone I need your help I have 3 branch in same area..We Transfer goods to Head office to all the branches ..in the end of the day all branch cash comes to head office...what's the entry for for that...and my boss want sperate balance sheet for all the branches ...should I create 3 different company or in one company I can work...I am using Tally erp9 software thanks

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Ravi

Ravi (Querist)
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23 May 2016 please guys help me out

Rupesh Jain

Rupesh Jain (Expert)
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23 May 2016 you can make seperate books of a/c for each branch then you make B/s for each branch. for easy working make seperate company in tally. and make dr or cr to head office a/c in branch books. and dr and cr to head office in branch books

Ravi

Ravi (Querist)
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23 May 2016 Thanks Rupesh Jain But for transfer material from head office to branch or branch to head office what's the entry for that??

Rupesh Jain

Rupesh Jain (Expert)
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24 May 2016 YOU MAKE THE SALE INVOICE FROM HO TO BRANCH , AND BRANCH TO HO. SALE FOR ONE AND PURCHASE FOR ANOTHER. BUT PARTY NAME CREATE UNDER THE BRANCH/DIVISION.

Ravi

Ravi (Querist)
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24 May 2016 means in my HO ACCOUNT BRANCH IS IN BRANCH AND DIVISION

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