A group company can be created only for companies that have already been loaded. The first step is to load the companies whose accounts are to be grouped. The companies can be loaded automatically if specified in the Tally.ini file. Alternatively, select the companies using F1: Select Cmp button, as shown:
Press <ALT>+F3 or click the button [F3: Create Cmp] and select Create Group Company
Enter the name of the Group Company (which is mandatory), address and tax details and select the members of the group company from List of Companies.
Say, you have selected the two members as shown. Select End of List to complete the selection process
The Group company Thread will be created and loaded. It also becomes the active company. Notice that the constituent companies are given below the group company and are slightly indented to distinguish the Group company.
You can now display and print Group accounts through the Thread Company.