What is Split Financial Year?

Tally is a flexible software which has limitless accounting period(not in case of educational version). It allows the entry of data for any number of years which is a tremendous benefit for the user. In cases where there is huge volume of data in the past, it causes greater overhead on the system. The Split Financial year enables you to retain most benefits and solve this overhead problem. When you split the data of a company then the following things happen:

• For the respective split periods new companies are created.
• Full data is retained in the original company.