Multiple companies, locations and financial years
IndustryMax models a group as one account holding several companies, where a company is a legal person — one registered firm, one GSTIN, one PAN, one state, one set of books. Under a company sit divisions, and under those a tree of stock locations. One login can hold access to several companies and switch between them, but the application is always inside exactly one company at a time: there is no all-companies mode and no report that adds two legal persons together.
The hierarchy, in the product's own words
| Level | What it is | What it owns |
|---|---|---|
| Tenant | One customer of IndustryMax. The account. | companies, users, masters |
| Company | One legal person: one registered firm, one GSTIN, one PAN, one state, one set of books, its own GST returns. | divisions, documents, books |
| Division | A grouping inside a company. Never spans two. | stores and locations |
| Location | Where stock physically sits. A tree — site, building, rack. | stock balances and movements |
There is no "branch" and no "business unit" in IndustryMax. Division is the only grouping below a company, and saying so precisely is what stops two people meaning different things by the same word during an implementation.
One company at a time — and why
At every moment the application is inside exactly one company. This is enforced, not a convention, and it is not tidiness: two legal persons' figures added together is not a number anybody can file, quote or act on. A consolidated dashboard is how a group ends up with a total nobody can reconcile to any return.
- A user is granted access to the companies they may see, and switches between them.
- Purchase and sales documents are stamped with the company they belong to.
- Stock never crosses a company by accident — an inter-company movement is an explicit transfer with its own approval.
- Screens that only make sense for a group are hidden entirely from a customer that owns one company.
What each company holds separately
- Its own GSTIN, PAN, state and registered address — and therefore its own GST treatment.
- Its own country and base currency. GST behaviour follows the country; the currency locks once documents exist, because re-denominating a book that already has documents in it is not a setting, it is a migration.
- Its own bank accounts, and its own outgoing email settings where it needs them.
- Its own accounting mode: books kept in IndustryMax, or kept in TallyPrime — decided per company and from a stated date, so a group can do one of each.
- Its own document numbering, approval rules, and reorder levels.
- Its own opening stock and opening balances.
Financial years
- The Indian financial year, April to March, is the unit everything is filed and reported in.
- A financial year is active for the session, and documents are held to it — a document cannot quietly land in a year nobody is looking at.
- Document numbering carries the year, so a serial is unambiguous across years.
- Accounting periods inside the year can be closed, and how far back a document may be dated is a setting rather than a free-for-all.
Questions
Can IndustryMax manage multiple companies?
Yes. One account can hold several companies, where a company is a legal person with its own GSTIN, PAN, state and books. A user granted access to more than one switches between them with a single login.
Can IndustryMax manage multiple factories or warehouses?
Yes. Locations form a tree under a company's divisions — site, building, rack — and stock is held per location. Transfers move stock between them, and can require approval.
Is there a consolidated view across companies?
No, deliberately. The application is always inside exactly one company, and no report adds two legal persons together, because a figure made by summing two registered firms is not one anybody can file or act on.
Can one company keep its books in Tally while another keeps them here?
Yes. Accounting mode is set per company and carries a date, so a group can run one firm's books in TallyPrime and another's in IndustryMax without either system guessing which transactions are whose.
How are financial years handled?
The April-to-March Indian financial year is the reporting unit. A year is active for the session, documents are held to it, and the year appears in document numbering so a serial is unambiguous.
Related
- AccountingChart of accounts, posting rules, opening balances, journal and contra vouchers, trial balance, general ledger, profit & loss, balance sheet and cash flow in IndustryMax — with automatic posting from operational documents that is off until you switch it on.
- TallyHow documents reach Tally, what was measured on a real customer book, and the connector's network posture.
- Inventory & StoresLive stock by location, a full movement ledger, issues and gate passes, transfers, adjustments, physical stock take and ten inventory valuation methods — the stores half of IndustryMax, built for multi-location Indian factories.
- SecurityHow IndustryMax handles authentication, role permissions, separation between customers and between legal entities, credential storage, the Tally connector's network posture, and the audit trail — stated as mechanisms, without certification claims.
See it against your own documents
A demo runs on real screens with real documents, not slides. Bring one of your own purchase orders and we will walk it through.
Book a 20-minute demoLast reviewed 2026-09-12. Everything on this page describes what IndustryMax does today. Tell us if you find something that has moved on.
