Getting Started with Tally Prime ( Company creation, Close and modify Company)

                                   

Getting Started with Tally Prime

How to start Tally?

• When we successfully installed Tally prime on Windows, we can start Tally Prime by using one of the following methods.
• Double click on Tally Prime icon from the computer as follows:
• Or we can follow the path: Start menu => Tally Prime=>Double Click

How to create a company in Tally Prime

• Double click on the create company option under company information.
• Go to Top Menu =>Company(Alt+k) =>Create =>Enter

• The following screen displays the company creation window.

• On company creation screen, fill the following details.

• Directory: Directory means the data storage location, This is the place where tally store all data we entered in tally prime. By default the data storage will be inside the installation folder. . For example D:/Tally data
• Name: Write name of the company..

Primary Mailing Details

• Mailing Name: The mailing name of company will be automatically updated as per the given name of company. But mailing name can be changed as per the requirements.
• Address: Write complete address details of company

Contact Details

• Telephone No: Write Company landline/ Telephone number
• E-Mail: Update the company e-mail id etc.

Books and Financial Year Details

• Financial Year From: Put the financial year starting date, all Indian companies financial year start from 1st April and ends on 31st March. Tally considers the 12 months from the date given for financial year. If financial year starts in middle of year, we can specify the exact date from here.
• Books beginning from: The date for Books beginning from can be changed, in case of companies start in the middle of the year. If company is new, we can opt to start the books of accounts from the date of actual establishment of the company.

Security Control

• Tally Vault Password: This is for security purpose, By enabling this, Tally prime Convert tally data in to encrypted format. 
• Use Security Control: Enabling securing control helps only authorized users are allowed to enter/edit/delete the vouchers on Tally.

Base Currency Information

• Base Currency Symbol:This the currency symbol of the country we have selected. No need to change it if you are using the same currency for accounting.
• Formal Name: This is the formal name of the currency.
• Suffix Symbol to Amount: This data field will ask whether currency symbol is required.
• Add spaces between the amount and symbol: This is like Rs 850, a space in between currency symbol and amount

To save the details entered in company creation screen press Ctrl+A.

Select a Company

• Press Alt+K(Company)

• Press Alt+F3(Select)
• Displays the List of Companies screen with all the companies created in an alpha-betical order
• Select the required company from the list
• In case two or more companies are loaded, click on the company which you need to work on. The selected company will be highlighted and will appear on top of the list.

Alter a Company[Modify Company]

• Press Alt+K(Company)
• Alter

«1234567891011121314»