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| Company Create in Tally |
Run Tally
Whenever you Start a company, default settings opens the first company which is already created on the System. So we need to Shut Existing Company by pressing (ALT + F1) from Gateway of Tally (GOT). Company Info Screen (Alt + F:3) > Create Company
Directory:
While creating Company we can define Directory Path. To go back Press Shift + Tab. It is a path where we Save our Tally Company Data. By default it goes to Tally folder in C:\ Drive or to the Installation folder of the Tally Software. We prefer to save your Data either in D:\ or E:\ drive or at safe network location. Generally we advise students to Create their New Folder with their Roll No in E:\ Drive (Student Drive). Thereafter provide Path E:\RollNo. Ask your Faculties where to save your date or leave it.
Name:
Enter the Official Name of the Company or Firm for which you are creating Books of Accounts. For educational purpose you can enter your name or roll no.
Mailing Name:
If your company uses Mailing name other than Official Name you may change it. By default it is same as Company Name.
Address:
Enter the Address of the company or firm for which you are creating books of accounts. For Educational purpose students can enter their own address or your institute’s address.
Statutory Compliance:
Select the country for which you are preparing accounts of a company or firm. We shall obviously select India.
State & Contact:
Enter the State name in which your Company or Firm is doing its business Operations. E.g. Bihar, Jharkhand etc. Also enter Contact Details like Phone Number & E-mail.
Maintain:
Enter New Rupee Symbol by pressing Ctrl + 4.
Accounts Only:- If you don’t want Integrated Inventory System. Inventory Features will be deactivated. Accounts with Inventory:- Select if we want to integrate Inventory with Financial Accounting. We shall be selecting Accounts with Inventory.
Accounting Year:
Financial Year from :- Enter the Financial Year from which you want to start Computerised Accounting System on Tally. We shall be selecting 01/04/2012.
Books beginning from :- Same as financial year. It will differ only in the year of establishment.
Security Control:
Tally Vault Password :- By typing this password you will not be able to see company name. It will be completely secret. You can access it by Company Number Only. For educational purpose students will NOT enter password here.
Select “Yes” at Security Control. Enter the User Name for Administrator – YourName.
Enter Password – RollNo and repeat the same password in next line.
Other Options:
We shall be discussing other options in our later sessions. Just go on pressing ENTER key until Tally asks for Accept – “Yes”.
Alternatively you can press Ctrl + A
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