How to Create Company in Tally

As you know that Company is the base of accounting, to start any transaction first you need to make your company or in simple words you can say that Company is a book of account where we make multiple transactions with our parties.

Creation of Company is must in Tally to record any transaction with any ledgers.

Step 1: - Open Tally > you will get “Company info” window > Create company.

If you are in Gateway of Tally window ( Means- Company already loaded and you want to make one more company) then press Alt+F3 to get the option of company creation.

Step 2: - When you enter in Create Company option you will get the company creation window fill the detail accordingly then accept.

·     Directory: - "Location" where your company will create.

·     Name: - Give the Name of your Company.

·     Mailing Name and Address of your Company, it will come on your invoice.

·     Country Detail: -

·     Contact Information: -

·     Financial begins from: - Financial year

·     Book begins from: - On which date you want to Start entering the Transaction.

·     Tally Vault Password: - It is a high-level security in tally if you forget the password you will lose your data.

·     Use Security Control: - It is a security on which you set the admin user ID and Password then later you can also create various user ID and Password for each users.

·      Base Currency: - Base Currency is the currency's detail of your company which will come automatically when you choose your country.