How to create company in Tally
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This document provides instructions for creating a new company in Tally, a bookkeeping software. It lists 10 sections to complete, including: 1) providing the data path and company name, 2) optional mailing address, 3) state registration number, 4) email address, 5) currency symbol, 6) selecting either accounts only or accounts with inventory, 7) financial year, 8) start date for books, and 9) an optional vault password for encrypting company data. The document explains the information needed in each section to set up the new company file in Tally.
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How to create company in Tally
- 1. GOOD MORNING
- 4. i ii iii iv
- 5. i. DIRECTORY : Give the data path were you want the company to get create. ii. Name : Give the name of company whose book are being opened. iii. Mailing name & Address : ( it’s not compulsory ) The mailing name could be different from Company name. It is use the mailing name and address is picked up for inclusion of any report which needs the Company name and address at the top Ex : Balance sheet and Statement of affairs. iv. State : For the registration number allotted by state or provincial sales Tax/vat Authorities. i ii iii iv
- 6. V. E – MAIL ADDRESS : Give the e-mail address that will be used to e-mail documents, reports and data from tally. VI. CURRENCY SYMBOL : Give the symbol of the base currency. Tally uses this symbol in reports, Where necessary. VII. MAINTAIN: I ACCOUNTS ONLY : Select this only if you do not have any inventory transaction. ii ACCOUNTS WITH INVENTORY : This obviously allows you to maintain both financial accounts and inventory. VIII. FINANCIAL YEAR : To specify the financial year for this company. IX. BOOKS BEGINNING FROM : Tally presumes that you wish to maintain books from the beginning of the financial year. X. VAULT PASSWORD : Give a password here if you want the company data to be maintained in an encrypted form. This is known as Tally Vault , it is a enhanced security feature. V VI VII VIII IX X
- 9. “ COMPANY CREATION “