BRANCH ACCOUNTING IN TALLY

Deepak,

Its advisable to maintain separate books of accounts in TALLY for all three branches. But if you want to maintain one company regarding accounting of all branches, then be sure that transactions are entered correctly in respective company/ branch and inter-branch accounts are re-conciled.

AGREE WITH MEETU.. LATER AFTER FINAL ACCOUNT YOU CAN MERGE DATA OF 3 DIFFERENT BRANCH IN MAIN HOLDING COMPANY WITH IMPORT OPTION OF TALLY 9 ERP.

ya, it is advicable to open 3 separate cos and create a group company for these three.  In the books of Unit 1, you shld create Unit 2 and Unit 3 ledgers under the group of Branches / Division and in Unit 2 company u shld create Unit I and Unit 3, in the same manner Unit 3 also.  At any point of time in the consolidation company the Branches / Division head is always equal or Zero balance.  Then you can know unit  wise income and expenditure and liabilities and assets and inter-branch transactions easily. gud luck.

Originally posted by : Mohan
	ya, it is advicable to open 3 separate cos and create a group company for these three.  In the books of Unit 1, you shld create Unit 2 and Unit 3 ledgers under the group of Branches / Division and in Unit 2 company u shld create Unit I and Unit 3, in the same manner Unit 3 also.  At any point of time in the consolidation company the Branches / Division head is always equal or Zero balance.  Then you can know unit  wise income and expenditure and liabilities and assets and inter-branch transactions easily. gud luck.

 agree with mohan

Yes it is advisable to open 3 separate companies for each branch.

If books are kept separately, Inter - branch reconciliation can be done easily.

Agree with Mr Mohan. Ideal Option

PL. LET ME KNOW PROCEDURE TO CREATE GROUP COMPANY

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You have to create\customize all type of voucher series for your data entry for your 3 branch, but I think, you can't get seprate trial balance branchwise. BTW JFY now Busy (another Accounting software similier to Tally) introduced Branch Concept in theire latest version Busy 3.9 with user friendly customization. So Tally should also applied this concept in single Company.

Originally posted by : Rajesh Gupta
	PL. LET ME KNOW PROCEDURE TO CREATE GROUP COMPANY

Press {Alt-F3}.

Select Create Group Company.

AGREE WITH MR. MOHAN

hello.. Try this https://www.youtube.com/watch?v=xWSxVDKcVOQ Cost center Option

Can you plz help me in this regard.

1. first you need to creat two or more companies you wanna make a group of

2. press alt+F3 and select create group company

3. fill the particulars like " name of the group com. etc"

4. in member of companies select two or more companies to creat a group of them

all is done. group company is ready