Transfer Entries in tally

100000 were transferred from Principal Place of Business to Additional Place of Business.Both Companies in the same state with same GST Number.How to Record the transactions entries in tally ERP9 for both Companies.
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Quick Summary
This discussion explains how to record financial transactions in Tally ERP9 when funds are transferred between a principal place of business and an additional place of business, both located in the same state and sharing the same GST number. The advice suggests treating the transfer as a sale/purchase without Input Tax Credit (ITC) if separate Tally accounts are maintained for each branch. Ultimately, these entries will net off when the company accounts are consolidated.

Creat branch and make entry simple...
If transfer in account pass Contra entry

It seems by your question that you are maintaining separate tally for each branch. In that case you need to treat the transfer as if sale purchase is being done but without ITC. On finalisation since both tally accounts will have to be consolidated then the balances will get netted off.

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