Creation of a Company The first step towards understanding Tally.ERP 9 is to create a company in Tally.ERP 9. Create a company using the Company Creation screen.
Go to Gateway of Tally > Company Info. > Create Company The Company Creation screen displays as shown. Figure 2.2 Company Creation screen Each field in the Company Creation screen is explained below. To navigate between the fields, use the enter key or the tab key or arrow keys or the mouse. Fields Description Directory Tally.ERP 9 assumes that the company is to be created in the data path given in the Tally.INI file, which is displayed by default. This field is skipped by default. However, you can change this path, if you want to, by using the backspace key, so that Tally.ERP 9 saves the data to a different directory specified by you.Fundamentals of Tally.ERP 9 21 Name This specifies the name of the company as it appears in Tally.ERP 9. If you have several companies to create with similar names, you will have to distinguish between them to provide a unique name for Tally.ERP 9. Mailing Name The company name given in the Name field automatically appears in this field. This can be changed according to your requirements. The correct name of the company for mailing purposes should be entered. Address The address of the company (The mailing name and address details are picked from here for any report such as balance sheet and statement of accounts). Statutory Compliance for Select India from the list of countries. State Select the appropriate State from the list of States. Pin Code Enter the PIN code of the specified address. Telephone No. Enter the telephone number of the company. E- Mail E-mail address will be used to e-mail documents, reports and data from Tally.ERP 9. Mobile No. Enter the mobile number of the company. Currency Symbol This refers to the currency symbol Tally.ERP 9 will use for monetary values. By default, Tally.ERP 9 displays Rs. Maintain select the nature of the company i.e, Accounts only or Accounts with Inventory. Financial Year From Specify the Financial Year (FY) for the company. Tally.ERP 9 considers 12 months from the date you give here as the Financial Year. For example, if you give 1st April 2009, your FY will be April to March - in this case, ending with 31st March 2010. Books Beginning From The date given for ‘Financial Year From’ are automatically displayed. However, we can specify the actual date on which the books of accounts start. In case our accounts are opened mid-way during the financial year specified, we can enter the required date and start the books of accounts accordingly. Tally Vault Password Tally Vault is an enhanced security feature utilized to protect company data in an encrypted form by means of a Password. The Tally Vault password entered ensures that the data is maintained permanently in an encrypted form without retaining information of the password used. Data is not accessible without the TallyVault password. Remember to keep this password private and known only to those who need to know. If the password is lost, your data cannot be recovered. Use Security Control Tally.ERP 9 has a range of security controls, which can define the authority of various users to access the information and to enter/ alter/delete the vouchers