Recently i had joined one ltd company which maintains accounts at head office in Tally. erp9. The company had some branches and each branch had a software which records only receipts and payments irrespective of Assets/expenses (for payment) or liability/income(for receipt) cash and sends a daily statements to head office.
In head office also there is only one company created in Tally and enters daily transactions but classifying the assets/liabilites/income/expenses.(for example clubbing travelling expenses of all the branches) and entering on a particluar day. there are huge numer of transaction upto my date of joining.
Now My boss asked me that how much of profit achived by each branch.
Advise me what is the best way to solve the problem for now and future also?
CAclubindia
