How to Create Company in Tally ERP

How to Create Company in Tally ERP

March 26, 2022 Off By Laxman

When we first start accounting with Tally, we first need to learn how to create a company in Tally ERP 9. You can set up multiple companies in Tally if you run various businesses. ERP 9 software for a single price.

Tally ERP 9 has evolved beyond the concept of accounting software to manage statutory compliance by updating statutory files available on the Tally solution website. Tally can now be operated remotely using Tally.net features, payroll can be processed, and Tally solutions regularly update many other features. GST) compatibility from version Tally is the most recent enhancement. Release 6 of ERP 9. In this article we will attempt to answer the question – how to create a company in tally? 

Steps to Create a Company in Tally ERP. 9

Steps Actions To be followed instructions.

Step 1: To launch Tally Software, double-click the tally icon on your desktop.

Step 2: Navigate to the Create Company Screen.

To do so, choose Create company from the Company Info menu. Use the up and down arrow keys to navigate the menu, then press the Enter key.

Step 3: Complete the Details section of the Company Creation screen.

In this company creation screen, fill out all of the company information requested.

Details to be Filled in Company Creation Page

Directory

It is simply a data storage location. All data entered in Tally ERP 9 will be saved in the tally directory. In any case, the data will be stored by default within the installation folder.

Name

In this field, for example, we must type the company’s name. XYZ CORPORATION

Primary mailing information

Name on the envelope – In this field, for example, we must type the company’s name. XYZ CORPORATION

Address

The address of the company must be entered in this data field. We must select the country in which the business operates from a list.

State

We must select the state to comply with statutory laws in this data field.

Books and financial year information

The fiscal year begins in this data field, enter the fiscal year you want to establish a company. If you started your business on December 1, 2018, you should begin your fiscal year on April 1, 2018.

Begin your booking

In this data field, enter the fiscal year you want to establish a company. If you started your business on December 1, 2018, you should begin your fiscal year on April 1, 2018. We are beginning in the middle of the fiscal year. Companies transitioning from manual accounting to Tally ERP 9 in the middle of the fiscal year.

How to insert tally entries on the computer screen?

If you have entered all of the tally entries details and after verifying that everything appears correct, you must accept the screen by pressing Enter and then Enter again to receive and save the details.

Conclusion

If we have enabled the Tally Vault password, the following screen will ask for the user’s name and password details. Tally ERP 9 will create a company and direct you to the Tally Menu Gateway, where you can develop masters and enter transactions after you enter these details.