Create Company | Tally Sales | Tally Customization | Tally Chennai | Part - 11
- 12 years ago
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A set of account books represents a 'company' in Tally.ERP 9. Therefore, if you decide to maintain your personal accounts you would create a 'company'. Many businesses do have more than one legal entity - and so will require multi-company support. Since each company is a distinct 'data base', building technical support for this is not difficult.
However, with multiple companies, several needs often arise beyond the mere facility to record transactions that need to be addressed,.
Principally, you would like to look at consolidated reports since these are often more meaningful to you than statutory reports of each company individually. You can therefore 'group' companies and have the reporting ability as if this were a 'company'. You could also 'group' these on demand or as required.
A set of account books represents a 'company' in Tally.ERP 9. Therefore, if you decide to maintain your personal accounts you would create a 'company'. Many businesses do have more than one legal entity - and so will require multi-company support. Since each company is a distinct 'data base', building technical support for this is not difficult.
However, with multiple companies, several needs often arise beyond the mere facility to record transactions that need to be addressed,.
Principally, you would like to look at consolidated reports since these are often more meaningful to you than statutory reports of each company individually. You can therefore 'group' companies and have the reporting ability as if this were a 'company'. You could also 'group' these on demand or as required.