Go Ad-Free on CAclubindia with Daily Mobile Updates. Subscribe Now!

Tally query

Pavithra (Student CA Final ) (69 Points)

17 February 2015

I have Split Up the company in tally for fy 2014-2015 , but now i want to change opening balance in Splitted up Tally, Pls guide me on how to change opening balance in Splitted up Tally . Thanks .

Reply
Follow
Share

15 Replies

s vijay (student) (25 Points)
Replied 17 February 2015

I think u cannot change opening balance after splitting up the company

Upgrade to CAclubindia Pro. Subscribe Now!

Vikas Kumar (B.Com) (23 Points)
Replied 17 February 2015

You can take the help. Please search the tally implement and see, how splite data in tally.best luck

CA Ruchika (Manager) (30 Points)
Replied 17 February 2015

Go to gate of Tally-Accounts info.-Ledgers-single ledger-Alter-Select that party and change opening balance

Arif Ali (Apt Co Advisory) (1230 Points)
Replied 17 February 2015

yes agree with Ruchika.

Pavithra (Student CA Final ) (69 Points)
Replied 17 February 2015

Thanks for your response. I tried to change the way u said but in balance sheet there is a line item called difference in opening balance. Thanks.

Upgrade to CAclubindia Pro. Subscribe Now!

Ashish (Accountant) (44 Points)
Replied 17 February 2015

First u take print out of previous closing Trail .& compare with your new company opening Balance.....

Arif Ali (Apt Co Advisory) (1230 Points)
Replied 17 February 2015

Originally posted by : Pavithra
	Thanks for your response. I tried to change the way u said but in balance sheet there is a line item called difference in opening balance. Thanks.

you have to check the last year closing balance and opening balance of this year, both should be same.

so in which ledger you have changed the opening balance, then chenged also the opening balance in other respective ledge by keeping in mind the double entry system.

if you tell here that in which ledger you have changed opening balance, then I can help you more.

Ashish (Accountant) (44 Points)
Replied 17 February 2015

Try these simple steps. ... 1-Enter only balance sheet items balance.. 2-Do Not enter Profit & loss or exp ledgers balance.. 3-Check Capital Account balance you entered ...with previous year final Accounts.

Pavithra (Student CA Final ) (69 Points)
Replied 17 February 2015

Thanks all for your response

ANUP GUPTA (KEEP SMILING fcaanupgupta@gmail.com) (303 Points)
Replied 18 February 2015

Open Two Tally

one is for financial year 2013-14 and in another window for f.y. 14-15.

Now open balance sheet in 13-14 Tally

In 14-15, goto gateway of Tally>>Display>>Trial Balance

press F12, and select opening balance >>Yes, Transaction>> No and Closing Balance>> No.

By this way you can easily enter opening Balance.

Further, Match opening Balance Group By Group.

For directly enter the opening Balance of a ledger Press CTRL+Enter on a ledger (Not on a Group)

Upgrade to CAclubindia Pro. Subscribe Now!

ARUN PRAJAPATI (Student CA ipcc) (29 Points)
Replied 18 February 2015

Contact for tally custmore care

ARCHANA SAINI (Chartered Accountant) (163 Points)
Replied 19 February 2015

Its possible..follow the following step...account info...ledger..alter...select ledger in which u want to change opening balance...and then change opening balance...