How do I prepare consolidated financial statements using Tally?

Asked by Last Modified  

Follow 2
Answer

Please enter your answer

Follow the below steps Create your sub entities as cost center and allocate your incomes expenses assets and liabilities to such cost centers Create separate companies for each sub entity and group them using group company option. Both this options have their own set of positives and negatives, and...
read more
Follow the below steps Create your sub entities as cost center and allocate your incomes expenses assets and liabilities to such cost centers Create separate companies for each sub entity and group them using group company option. Both this options have their own set of positives and negatives, and to understand which would be most suitable for an organization, we've to do a dipper analysis, and then only a best possible solution can be suggested. Hope this helps. read less
Comments

Related Questions

How can Tally software help in Business?
For Business using Tally owner can cut his cost by employing less or few employess. It helps in recording the Vouchers and extracting any Reports needed by the Organization. I also handles all statutory...
Rayhaan
which will be the next version in Tally ERP?
Next Versions Tally.ERP9 Series B is under development. Please don't confuse with With Version and Release. Version is some thing Big enhancement in Tally where as Release is minor enhancement in the product....
Shweta.m
What are the most interesting and unknown facts of Tally, an accounting software?
Because it supports several languages, Tally ERP 9 is known as multilingual tally software. Other languages may be used to read reports and maintain accounts. Up to 99,999 companies can have accounts that...
Abraham
0 0
5
Can tally be used in banks?
Yes,Tally provides various functions such as managing bank transactions, maintaining ledgers and account books, generating reports like balance sheets and income statements, among others.
Priyanka
0 0
5
I am 28 years old. I have done MBA & wanted to improve my skills in the fields of finance & accounts from basics within a short span. I also wanted to be master in Tally with GST, Busy, taxation, E-filing of TDS. Kindly suggest me some reputed institutes in Delhi NCR with 100% assured Placements.
Hello Nikhil, If you want to improve your skill set with Finance and Accounting , please go for best faculty and reputated institute or you may find an expert for this field, I can help you , please contact...
Nikhil
1 0
5

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

Why Tally is most popular accounting software in India?
Why is Tally the most popular accounting software in India? The top 10 reasons follow. 1.Easy maintenance : Maintaining an accounting software package hasn’t been more comfortable. A transformation...

Highlights Of Some Recent GST Council Meetings
Highlights of 22nd GST Council Meeting at New Delhi on 6 Oct. 2017 GST Council in its 22nd Meeting at New Delhi has recommended certain facilitative changes to ease the burden of compliance on small and...

General Information about Tally
Founded 1988 Founder Bharat Goenka and Shayam Sunder Goenka Chair Person Sheela Goenka Managing Director Bharat Goenka Headquarter Bangaluru,...

Learning Tip
1. The foundation: a productivity systemLet’s face it, without a solid foundation there is no way you can expect to build new skills and form new habits. My first tip therefore is to adopt a productivity...

GST - GOODS & SERVICE TAX
GST is an Indirect Tax which has replaced many Indirect Taxes in India. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017. The Act came into effect on 1st July 2017; Goods &...

Recommended Articles

Software Development has been one of the most popular career trends since years. The reason behind this is the fact that software are being used almost everywhere today.  In all of our lives, from the morning’s alarm clock to the coffee maker, car, mobile phone, computer, ATM and in almost everything we use in our daily...

Read full article >

Hadoop is a framework which has been developed for organizing and analysing big chunks of data for a business. Suppose you have a file larger than your system’s storage capacity and you can’t store it. Hadoop helps in storing bigger files than what could be stored on one particular server. You can therefore store very,...

Read full article >

Almost all of us, inside the pocket, bag or on the table have a mobile phone, out of which 90% of us have a smartphone. The technology is advancing rapidly. When it comes to mobile phones, people today want much more than just making phone calls and playing games on the go. People now want instant access to all their business...

Read full article >

Information technology consultancy or Information technology consulting is a specialized field in which one can set their focus on providing advisory services to business firms on finding ways to use innovations in information technology to further their business and meet the objectives of the business. Not only does...

Read full article >

Looking for Tally Software classes?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you