Transfer entry

This discussion explains how to transfer a party ledger balance from one Tally company to another when you have multiple companies registered under different GST numbers but sharing a common party. The suggested method involves passing contra journal entries in both companies on the same day. Specifically, in the source company, you'll debit the party under a 'Branch Group' linked to the destination company, and credit the destination company. Conversely, in the destination company, you'll debit the source company and credit the party under a 'Branch Group'.