Hello,
I'm Using Tally ERP 9 in my office and want to know that, how can we carry forward our ledgers and also closing balances of the same to new financial year ? Can you please mail me the procedure to start new financial year in tally without losing previous financial years data... ?
Thanks & Regards,
Jhansi
CA Ayush Agarwal
(Kolkata-Pune-Mumbai)
(27186 Points)
Replied 08 February 2010
Dear Jhansi,
If Ur C/F in Same File Then..
Ledger & Closing balance Automatically Carried Forward When U R Entering In New Financial Year.
If UR C/F In by Creating Other File, Then U Just Hav To Splitt The File .The Closing Bal & Ledger Will Automatically Carried Forward............
Regards,
Ayush Agrawal
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 08 February 2010
no u need not to create new company if u want to work on same compny. if u wnt to work in a new company, data shud be spilt into d new company.
regards,
ratan
subramanya
(Professional)
(907 Points)
Replied 08 February 2010
| Originally posted by : « CA PCC Student» | ||
 |
Should i create new company ? If i want to create new company for new financial year then can you please tell me the steps to be followed ? |
 |
Hi,
It is not compulsary that you should create a new company.
In the existing company you can extend the Financial year period (for example from 1/4/2009 to 31/3/2011) So that you can continue passing the transactions from 1/4/2010. Tally will automatically carry forward the closing balance as on 31/3/2010 to 1/4/2010 as opening Balance.
With regards,
Subramanya R
CA Ayush Agarwal
(Kolkata-Pune-Mumbai)
(27186 Points)
Replied 08 February 2010
| Originally posted by : « CA PCC Student» | ||
|
|
Hello Ayush, what is C/F ? you mean to say carry forward ? Should i create new company ? If i want to create new company for new financial year then can you please tell me the steps to be followed ? Regards, Jhansi |
|
CF Means Carried Forward...........
N If UR Working in Same Company Then No Need to CF.It Will Automatically CF.
CA Ayush Agarwal
(Kolkata-Pune-Mumbai)
(27186 Points)
Replied 08 February 2010
Dear Ratan Deep Sexana
N Subramanya
in My First Reply...I Hav Given Both Option.........Which One He/she Want......
Either He Can CF Same Company or May Create New Company By Spliting.
Ginna
(Functional Consultant)
(35 Points)
Replied 08 February 2010
actually no need to do c/f .. if u r defining the Financial year like 2009-2010 @ the end of the financial year
The System Automatically
Transfer the balace in P& L account to the Balance Sheet in the retained Earnings Account (defined as a BS Account)
all the Asset and Libilities are transfered to next financial year...
mohini goyal
(student)
(35 Points)
Replied 04 September 2010
how do we set financial year in Tally 7.2................when we create a company it asks only.......... financial year begining.................it takes 31st march automatically.
plz reply soon.............
thanks
Manoj Garg
(Support on Tally Excel Password Recovery etc.)
(1987 Points)
Replied 08 September 2010
CAclubindia
