HOW TO CREATE A COMPANY IN TALLY?

Today we will see that how to create a company in "TALLY"?

To create a company profile in Tally, click create company at company info menu to get company creation screen as above:-

Company creation screen is divided into two sections.

1.Company particulars :- In top part, referred as company                particulars, you enter general information about the company.

2.Company Base Currency Particulars :-At lower part you enter    details of Base currency in which accounts of the company would    be maintained.

The screens display various fields which have to be filled with relevant information.

Name:- Type name for your company.

Mailing name & address:- Type full address of your company.

Statutory Compliance for:- Type state name. 

State:- Type state name.

Pin Code:- Type pin code (postal index number)

Telephone no:- Type telephone number.

E-mail:- Type Email address.

Currency Symbol:- Type currency symbol (i.e. Rs).

Maintain:- Tally displays two options: 

1) Accounts only

2) Accounts with inventory

Accounts only:- financial A/cs of the company only.

Accounts with inventory:- Both financial A/cs & inventory of the company.

Financial year from:- Type the financial year for the company. Tally consider 12 months from the date you give here as financial year for e.g. if you give 1st April 2014, your F.Y. will be April to March. In this case,ending with 31st March 2015.

Books beginning from:- Type actual date on which the business started and the A/cs actually being. This date should not be later date than the starting date of financial year.

Tally vault password:-  Type a password if you wish to maintain the company data.

Use security  control:- Type your name as an administrator and give a password.

Remember:- While working with Tally, you can press (Esc) to exit from any screen before the change you have made take effect.