Create company using tally

Go to the Gateway of Tally > Company Info. > Create Company
Enter the following information to create a company:


Field Data to be entered
Directory Accept what is displayed on the screen
Name National Traders
Mailing Name National Traders

Address
No 24, Phase 1, Peenya Industrial Area, Bangalore,
Statutory Compliance for India
State Karnataka
Pin Code 560089

Telephone No
080 - 41237890

Mobile No.
9845293752
E-mail sales@national.com
Currency Symbol Rs.
Maintain Accounts with Inventory
Financial year from 1 April 2009
Books beginning from 1 April 2009
TallyVault Password (if any) Skip the Field – don't enter any details.
Use security control No
Formal name Indian Rupees
Number of decimal places 2
Show amounts in millions? No
Is symbol suffixed to amounts? No
Put a space between amounts and symbol? Yes
The completed company creation screen is displayed as shown below:
Press Y or Enter to accept the screen.
The Gateway of Tally screen will appear as shown below:
Working with Multiple Companies
For a group of companies, you can maintain the details of each company separately. You can select the company to work with and close the company when it is not required. However, you can also open many companies at the same time and switch between companies without closing the application.

Exercise to Create another Company
 Before looking at how to view and amend company details, let us create another company to
experiment with. Name your company as Indus Enterprises, Financial Year as 1 April 2009 &
Book beginning from 1 April 2009 and you may enter the company details as you like,
To create Indus Enterprises follow this procedure:

  1. From the buttons bar select Alt + F3: Create Cmp or simply press Alt + F3 to bring up the Company Info. Menu. 
  2. Select Create Company from the menu to bring up the Company Creation screen.
  3. Enter Indus Enterprises in the Name field and experiment with entering other data of your choice (for example, the address details). 
  4. When you have finished, Press Y or Enter to accept the screen
 The Gateway of Tally screen will now appear as shown below:


Notice that Indus Enterprises is highlighted. This indicates that it is the currently selected
company from the list of open companies.
You can now practice selecting, closing and altering company information.



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