How to Make Consolidated Balance Sheet in Tally.ERP 9 Video Lecture | Tally ERP 9: Complete Training - Software Development

Ans. To create a consolidated balance sheet in Tally.ERP 9, follow these steps: 1. Open Tally.ERP 9 and go to Gateway of Tally. 2. Click on "Accounting Vouchers" and select "F11: Features". 3. In the "Accounting Features" screen, enable the option "Use Advanced Accounting Features" by setting it to "Yes" and save the settings. 4. Now, go to Gateway of Tally and click on "Accounting Info". 5. Select "Groups" and create a group called "Consolidated Accounts". 6. Under the "Consolidated Accounts" group, create subgroups for each company whose balance sheet you want to consolidate. 7. Go to "Gateway of Tally" and click on "Display" and then "Account Books". 8. Select "Consolidated Balance Sheet" and choose the period for which you want to generate the balance sheet. 9. Tally.ERP 9 will then display the consolidated balance sheet, which includes the balances of all the companies under the "Consolidated Accounts" group.

Ans. Yes, you can consolidate balance sheets of multiple companies in Tally.ERP 9. Tally.ERP 9 provides the feature of creating a consolidated balance sheet by grouping the balance sheets of multiple companies under a single group called "Consolidated Accounts". By creating subgroups for each company, you can consolidate their balance sheets and view the combined financial position of all the companies.

Ans. Yes, it is possible to view a consolidated balance sheet for a specific period in Tally.ERP 9. After setting up the consolidated accounts group and subgroups, you can go to the "Display" menu in Tally.ERP 9 and select "Account Books". From there, choose "Consolidated Balance Sheet" and specify the period for which you want to view the consolidated balance sheet. Tally.ERP 9 will generate the consolidated balance sheet based on the selected period.

Ans. Yes, you can customize the format of the consolidated balance sheet in Tally.ERP 9. Tally.ERP 9 provides flexibility in customizing reports, including the consolidated balance sheet. You can modify the layout, add or remove columns, change fonts and colors, and even add your company logo. To customize the format of the consolidated balance sheet, go to "Gateway of Tally", click on "Display", then "Account Books", and select "Consolidated Balance Sheet". From there, you can use the customization options available in Tally.ERP 9 to tailor the format according to your requirements.

Ans. Yes, you can export the consolidated balance sheet from Tally.ERP 9 to other formats like Excel or PDF. After generating the consolidated balance sheet, you can go to the "Print" menu in Tally.ERP 9 and select the option to export the report. Tally.ERP 9 allows you to export reports in various formats, including Excel, PDF, and even as an image. This feature enables you to share the consolidated balance sheet with others or further analyze the data in external software.