The Split Company means divide your existing company into two or more separate companies, preserving the financial data and transactions. When you split a company, TallyPrime ensures the transactions are properly carried over, and you can continue with the new company files separately.
TallyPrime offers a simple and efficient feature called “Split Company” to help you manage this process. Businesses can face situations where they need to divide their company into two or more entities for various reasons such as mergers, acquisitions, or separating divisions.
Split Company Data
Gateway of Tally > Alt + Y (Data) > Split > Split Data, to open the Split Company Data screen.
Gateway of Tally > Alt + Y (Data) > Split > Split Data,
Select the required company from the List of Companies.
Enter the required date in the Split from field, and press Enter to proceed.
Splitting a company in TallyPrime is a straightforward process that helps businesses efficiently manage their operations when restructuring or dividing into multiple entities. By following the simple steps in this guide, you can ensure that the process is done correctly, without losing any important data.