March 11, 2025
As a new financial year is going to begin, Tally users must split their data to keep records organized. Splitting data in Tally is easy and helps maintain accurate financial records while keeping past data secure. In this blog we will discuss how you can split your data for the new Financial Year in Tally.
Why Should You Split Data in Tally?
- Organized Financial Records – Splitting data keeps financial transactions for different years separate.
- Faster Performance – A smaller data file size helps Tally run smoothly without lag.
Steps to Split Data in Tally
Follow these simple steps to split your company data for the new financial year:
Step 1: Take a Backup of Your Data
Before splitting, always take a backup to prevent data loss.
Go to: Gateway of Tally > (Alt + Y) to select the “Backup” option under “Company Data”
Select the company and specify the backup location.
Step 2: Verify the data and Split process of your Company data
Before splitting the data verify the data of that particular company
Go to: Gateway of Tally > (Alt + Y) to select the “Spilt” option under “Company Data” > Then select “Verify Data” > Choose the Company > If any error occurred then Tally Prime will show the listing of errors or else it will show “No Errors found”
After the verification you can proceed with the Spit of your company data:
Go to: Gateway of Tally > (Alt + Y) to select the “Spilt” option under “Company Data” > Then select “Split Data” > Choose the Company for to split
Step 3: Choose the Financial Year
Select the starting date of the new financial year. For example, if your financial year starts on April 1, 2024, enter 01-04-2024.
Tally will show a message asking for confirmation. Press Enter to proceed.
Step 4: Complete the Split Process
Tally will automatically split the data into two separate company records:
One for the previous financial year.
One for the new financial year.
Both companies will be available under Select Company in Tally.
Post-Split Checklist
- After splitting your data, follow these steps to ensure everything is in order:
- Verify Opening Balances – Check that the closing balances of the previous year match the opening balances of the new year.
- Verify Ledger & Stock Details – Confirm that customer balances, supplier balances, and stock details are correctly split.
Common Issues & Solutions
- Data Mismatch After Splitting – Recheck the closing and opening balances. If incorrect, restore from backup and retry.
- Split Company Not Showing – Ensure you have selected the correct financial year while splitting.
- Tally Running Slow – Delete unnecessary vouchers and optimize data before splitting. Check out Top 10 Reasons Why Tally is Getting Slow & How to Fix it
Follow the above steps carefully, take backups and verify records post-split to avoid errors. By keeping financial years separate, you can easily access past data while maintaining a clean database for the new year.
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