Tally - Query for New Financial Year

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

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

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»
	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

 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»
	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

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