Activate Company Features - Tally Online Computer Course Notes and Tally Practical Questions

Activate Company Features [F11]

The different features of a company can be selected or modified by F11 button. This button is available in almost all screens of Tally as you might wish to modify it as your requirements change. Unlike Configuration [F12], Company Features is specific to the current company only.

The two features - Cost centres and Bill-wise details- must be activated here for them to be available for ledger accounts. Each ledger account can then individually be set for the feature as required.

General

This has already been configured by you under Country Specific Configuration before creating the company. It caters to country specific requirements.
The options available under F12: Configure > General are, Country Details, Style of Names, Style of Dates, Configuration of Numbers and Other Options

Group Company

Accounts of different companies belonging to the same management or owners are normally required to be consolidated to present the financial position of the group of companies as a whole. In many developed countries, it is mandatory to consolidate group company accounts. Shareholders would first like to know the performance of the group as a whole and then only the performance of individual constituent companies.

You have to create a Group Company. This is simply a name and an identity given to the merged accounts of constituent (member) companies of the group.

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