Group company accounts and consolidation of reports

         In tally group company accounts can be created with member companies under it for consolidation of various reports like trading A/c, P&L A/c Balance Sheet, Stock reports etc.

Group companies may be formed with existing companies and also by creating new companies in the following manner.

1. Create a company keep open its books of accounts and create another company in this manner all the member companies should be created.

2. Even group companies may be formed with existing companies. In this case open the member companies books simultaneously.

3. The user can operate the accounts of member companies i.e. create ledger accounts, stock items, record transactions independently just like any other individual company.

4. The Member company reports will show the results as usual.

Procedure to create a Group company:.

1. Keep open the member companies.

2. Press Alt+F3 keys at the gateway of tally

3. Select create group company option from the company info menu.

4. Enter the name of the group company. It’s income tax and sales tax numbers

5. At the members column, select the member companies whose reports are to be consolidated.