If you are using Tally first time after installation,you will have a screen like below.This is the initial screen of the company .The right hand side you will find a menu box namely Company info.
Step II
You are in company info menu.Now,How to create company in Tally erp9?. To do this Select Create company from the menu using up and down arrow key and Hit Enter Key.
You are in company info menu.Now,How to create company in Tally erp9?. To do this Select Create company from the menu using up and down arrow key and Hit Enter Key.
In this company creation screen, you should enter all the details of the company. Let us explain each section separately.
Directory:- Directory means the data storage location , This is the place where tally store all data you entered in tally ERP9. By default the data storage will be inside the installation folder.You can change it at your desired location by typing it manually. For example D:/Tally data
Here are a couple of hand-picked articles to help you to learn more about data management in Tally ERP9.
Directory:- Directory means the data storage location , This is the place where tally store all data you entered in tally ERP9. By default the data storage will be inside the installation folder.You can change it at your desired location by typing it manually. For example D:/Tally data
Here are a couple of hand-picked articles to help you to learn more about data management in Tally ERP9.
Name: Type the name of the company in this field , for Example. ABC LTD
Address: This is the place where we can enter the address of the company.
Country : Select the country from the list in which your business exist.
State : Select the state in which you want to comply statute.
Pincode: Pincode of the location where your company office exists.
Phone no: Enter telephone number
Mobile No: Enter mobile number
Fax No : Fax No if exists.
E-mail: Enter your official communication mail id
Website: Enter website address if exists. for example ‘www.tallyabc.com'
Address: This is the place where we can enter the address of the company.
Country : Select the country from the list in which your business exist.
State : Select the state in which you want to comply statute.
Pincode: Pincode of the location where your company office exists.
Phone no: Enter telephone number
Mobile No: Enter mobile number
Fax No : Fax No if exists.
E-mail: Enter your official communication mail id
Website: Enter website address if exists. for example ‘www.tallyabc.com'
Book and financial Year Details.
Financial year begins from: Type financial year in which you want create a company. suppose you may be starting company on September 01 2019,You should enter the financial year from as 01.04.2019.
Book beginning from: Most of the company have a book beginning date same as financial year starting date.But may differ for companies
• That are starting in the middle of the financial year.
• Companies which are migrating from Manual Accounting to Tally ERP9 in the middle of the financial year.
Financial year begins from: Type financial year in which you want create a company. suppose you may be starting company on September 01 2019,You should enter the financial year from as 01.04.2019.
Book beginning from: Most of the company have a book beginning date same as financial year starting date.But may differ for companies
• That are starting in the middle of the financial year.
• Companies which are migrating from Manual Accounting to Tally ERP9 in the middle of the financial year.
Security Control In Tally ERP9 at company creation screen.
Tally vault password: This is for security purpose, By enabling this,Tally ERP9 Convert tally data in to encrypted format. Encryption means convert data from recognised format to unrecognised format.
For example : Your password is – tally123@ system will encrypt this password something like @54gh$%hf4&*$$$#. The benefit is that, It is very difficult to read the data even if our data is stolen.
By entering Tally Vault password you can prevent unauthorized access of company data.
Tally vault password: This is for security purpose, By enabling this,Tally ERP9 Convert tally data in to encrypted format. Encryption means convert data from recognised format to unrecognised format.
For example : Your password is – tally123@ system will encrypt this password something like @54gh$%hf4&*$$$#. The benefit is that, It is very difficult to read the data even if our data is stolen.
By entering Tally Vault password you can prevent unauthorized access of company data.
Now in Latest Tally ERP9,There is a password strength indicator, which will help you to set a strong password. Red color indicate a weak password where as peach orange colour : fair, Yellow is good and Green color indicates a strong password.
Keep the password in writing in a safe place to prevent future password lost . You will have to enter this password each time you open the company.
Be careful , forgetting your password , you will not be able to use tally data.
Use Security control: By enabling this you will get a complete control over your data, You can assign users for specific purposes, for example
• You can assign data entry operators who can access only voucher entry screens.
• You can assign billing clerks who can access only Sales invoice voucher
• You can assign Financial managers who can access financial data’s and reports as the administrator control his access.
In this section you will be asked administrator name and password. Tally will give you a warning message’Forgetting your password will render your data inaccessible!!’,
Keep the password in writing in a safe place to prevent future password lost . You will have to enter this password each time you open the company.
Be careful , forgetting your password , you will not be able to use tally data.
Use Security control: By enabling this you will get a complete control over your data, You can assign users for specific purposes, for example
• You can assign data entry operators who can access only voucher entry screens.
• You can assign billing clerks who can access only Sales invoice voucher
• You can assign Financial managers who can access financial data’s and reports as the administrator control his access.
In this section you will be asked administrator name and password. Tally will give you a warning message’Forgetting your password will render your data inaccessible!!’,
To know more about security control features in Tally ERP9, read this article.
Base currency information in Company creation screen.
This is the currency information Screen,Almost all field are auto filled and can make changes if required.The following fields are available in this section.
• Base Currency Symbol: This the currency symbol of the country you 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 you are using.
• Is symbol Suffixed to amounts: asking whether currency symbol is required prior to amount like $45
• Add space between Amount and symbol: This is like $ 45, a space in between currency symbol and amount.
• Show Amount in millions: if you set this option Yes ,Tally will display amount in millions ,That is in Balance sheet or other report, Amount for example 10000000 will be shown as 10. one million is equals 1000000.
• Number of decimal place: Usually 2 decimal places are using, for using Paisa in Indian currency we use 2 decimal place like Rs 99.99 ,Ninety nine rupees ninety nine Paisa.
• Word used to print decimal portion of amount: This is used in printing , in Indian currency decimal portion is said to be Paisa. Set it as per your formal name of decimal value in your currency. .For USD it is cents.Hundred cents make one dollar.
• No of Decimal place for printing amount in words: If you set this option 1 in Indian currency, When printing 75 Paisa. prints seventy Paisa. if you set 2 then it will print second fraction like seventy five Paisa.
This is the currency information Screen,Almost all field are auto filled and can make changes if required.The following fields are available in this section.
• Base Currency Symbol: This the currency symbol of the country you 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 you are using.
• Is symbol Suffixed to amounts: asking whether currency symbol is required prior to amount like $45
• Add space between Amount and symbol: This is like $ 45, a space in between currency symbol and amount.
• Show Amount in millions: if you set this option Yes ,Tally will display amount in millions ,That is in Balance sheet or other report, Amount for example 10000000 will be shown as 10. one million is equals 1000000.
• Number of decimal place: Usually 2 decimal places are using, for using Paisa in Indian currency we use 2 decimal place like Rs 99.99 ,Ninety nine rupees ninety nine Paisa.
• Word used to print decimal portion of amount: This is used in printing , in Indian currency decimal portion is said to be Paisa. Set it as per your formal name of decimal value in your currency. .For USD it is cents.Hundred cents make one dollar.
• No of Decimal place for printing amount in words: If you set this option 1 in Indian currency, When printing 75 Paisa. prints seventy Paisa. if you set 2 then it will print second fraction like seventy five Paisa.