Hello,
I'm Using Tally ERP 9 in my office and want to know that, how can we carry forward our ledgers and also closing balances of the same to new financial year ? Can you please mail me the procedure to start new financial year in tally without losing previous financial years data... ?
Thanks & Regards,
Jhansi
Dear Jhansi,
If Ur C/F in Same File Then..
Ledger & Closing balance Automatically Carried Forward When U R Entering In New Financial Year.
If UR C/F In by Creating Other File, Then U Just Hav To Splitt The File .The Closing Bal & Ledger Will Automatically Carried Forward............
Regards,
Ayush Agrawal
no u need not to create new company if u want to work on same compny. if u wnt to work in a new company, data shud be spilt into d new company.
regards,
ratan
| Originally posted by : « CA PCC Student» | ||
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Should i create new company ? If i want to create new company for new financial year then can you please tell me the steps to be followed ? |
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Hi,
It is not compulsary that you should create a new company.
In the existing company you can extend the Financial year period (for example from 1/4/2009 to 31/3/2011) So that you can continue passing the transactions from 1/4/2010. Tally will automatically carry forward the closing balance as on 31/3/2010 to 1/4/2010 as opening Balance.
With regards,
Subramanya R
| Originally posted by : « CA PCC Student» | ||
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Hello Ayush, what is C/F ? you mean to say carry forward ? Should i create new company ? If i want to create new company for new financial year then can you please tell me the steps to be followed ? Regards, Jhansi |
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CF Means Carried Forward...........
N If UR Working in Same Company Then No Need to CF.It Will Automatically CF.
Dear Ratan Deep Sexana
N Subramanya
in My First Reply...I Hav Given Both Option.........Which One He/she Want......
Either He Can CF Same Company or May Create New Company By Spliting.
actually no need to do c/f .. if u r defining the Financial year like 2009-2010 @ the end of the financial year
The System Automatically
Transfer the balace in P& L account to the Balance Sheet in the retained Earnings Account (defined as a BS Account)
all the Asset and Libilities are transfered to next financial year...
bv bvvbvv
Thank You
how do we set financial year in Tally 7.2................when we create a company it asks only.......... financial year begining.................it takes 31st march automatically.
plz reply soon.............
thanks
CAclubindia
