Ensure opening balance integrity with
opening balance control
Opening balance control in Tally.ERP 9 helps you maintain real balance across the branches of your business. All you need to do is choose which opening balance to consider at the time of synchronising master data. The feature also gives you the option of overwriting variations in the opening balance. By doing this, you can eliminate confusion caused by multiple opening balances and also improve inventory accuracy.
Let us consider a situation –your business retails automobile parts in Delhi, selling 106 different items. You open a new branch office in Agra. Since it is a new market you want to procure only 10 fast-moving items from local distributors. After 8 months, the branch office is performing well and it is time to expand the offering to all 106 items. H.O. sends the list of all 106 items with an opening balance of 50 of each of the items as inventory for the Agra office. Since various quantities of 10 items were already in stock, you do not want those to be overwritten by the opening balance sent from H.O. This is now possible with a single setup of saying 'not to overwrite' opening balance.
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