Before understand this procedure you must know following question
Q :- What is split ?
Answer : Split means divide any large data into its sub part .
Q:- What is split of tally data or SPlit of Company data ?
Ans : In tally software , we can keep and maintain many years data . There is no concept of closing of accounts in tally software . But due to every businessmen want some privacy in previous year data . Of course , they are interested , data previous year data should not be showed in current year balance sheet and current year profit and loss account . For this purpose , tally 9 software has very best tool of split tally data . It means now ,you can convert 2 or more years data keep it in your two new companies .
I want to explain it with an example →
Suppose A company is created at 1-4-2007 , he continues feeding data of transactions in tally voucher upto 31-3-2009 . So tally show balance sheet and profit and loss account on two year data base but , if you want to divide your company into
A company from 1-4-2007 to 31-3-2008
A company from 1-4-2008 to 31-3-2009
, after this you see your current period data with the help of splitting , your original company also retain in tally 9 . Now you have understood what is split of tally data .
Q:- What are prerequisites before splitting a company:
Ans : There are following prerequisites before splitting a company
- You must have posted all entries pertaining to last financial year like closing balances, adjustment entries, depreciation entries etc. Else Wait!
- You must have adjusted all Forex Gaines/Losses. you can verify that no unadjusted forex gain/ loss is shown in balance sheet.
- There must be no purchase bill or sales bill pending . Go to profit & Loss statement or go to inventory statements to see any purchase bill pending or sales bill pending. The path is :
Gateway of Tally → Display → StatemEnts of Inventory
Now I start the procedure or step for doing above into action →
Ist step
Open tally 9 and click company info. , if you have more than one company , then select that company whose data you want to split .
2nd step
After this again go to company Info. and click split
and after enter the data from when start split and then save .
Supose in above example you have to enter the split date 1-Apr-2008
and accept the form of split and after this you see in selected company there will two new company becomes automatically by tally