Here you will all about Company Creation in Tally ERP9. I will show to step by step how to create company in tally erp9. Tally ERP9 is the most used accounting software in India in Small and medium scale company. After reading this article you will able to create company in Tally ERP9 as well as deep knowledge about tally software.
How to Create Company in Tally ERP9?
Tally is a most popular accounting software and also easy to use. All small and medium company used tally to manage there accounting database.
Company creation in Tally ERP9 is a very simple step.
- Download Tally Accounting Software
- Install Software
- Open Tally ERP9 Application Software
- Start Tally in Educational Mode
- Select Company Creation Tab
- Fill All Details about Company
- Open Company & access your company Dashboard.
Download Tally ERP9 Software
Download Tally ERP9 software from Tally official website tally solution. Here I am showing you the step you can follow.
Open Google and type Download Tally ERP9 Software.
Go to down side and click on Download for Later option tab.
Now Downloading started
After complete download software go to download folder then right click on software setup file then click on run as administrator.
Now Installation is started.
After complete installation click on Done option.
Now start Tally ERP9 Application from Desktop. Just double click on Tally icon.
Go to Work in Education Mode tab thenn select option then press enter to open tab
Fill the company creation form. Here I am showing you part by part.
How to fill Company Creation form in Tally ERP9 Part- 1
- Company Name: Here you need to write company name. Like my company name is “TEch Mahato”.
- Mailing Name: Here you can write full company name. It is used for mailing purpose to communicate via letter or mail.
- Address: Here you need to write full address of the company. Like My address is Kolkata, India.
- Country: Here you can select name of country where your company is situated.
- State: Here select the state where your company is situated and operated.
- PIN: Write the PIn you your company address.
- Phone No: Write here your company landline number.
- Mobile number: You can write here company central communication mobile number.
- Fax No: Here you can write company fax number.[Now it is not used most company]
- Email: Here write company email address to communication.
- Website: Here write company website.
All above information will be printed in bill so be careful at the time of company creation.
How to fill Company Creation form in Tally ERP9 Part- 2
- Financial Year Begin from: Here you can write the year when your company financial year started. Here I want to simplify to you about financial year. Financial yearn mean the year for pay tax. Financial Year started from 1st April and end to 31st March. Here you just put financial year or if your are student make it default.
- Book Beginning from: Here you can write the date when your company started and start transaction in your company. Here you just write the date when company first translation made.
- Tally Vault Password: It is a one type of encrypted method to lock your company data in tally. Tally Vault password is fully encrypted method to encrypt your data. After encrypting data in Tally, no one can access without password. If you are new in Tally, don’t need to give Tally vault password. Tally vault password is very protected and unrecoverable, so if you give tally vault password, just write it paper and put in secure place.
- Security Control: This option used to give permission to work in Tally accounting software to any authentic person or accountant. Security control need user name and password to open the company. Here you can make it yes and assign user name and password who will you tally software.
- Use Tally Audit Features: This option used to allow audit in you company data. Here you just mark as Yes.
- Disallow Opening in Education Mode: Tally ERP9 available for student for learning purpose and professional for business purpose. If you are student and using Tally just for learning purpose, make it No “Disallow Opening in Education Mode”. If you are professional or company then you need to purchase licence of Tally accounting software and make it Yes “Disallow Opening in Education Mode”.
How to fill Company Creation form in Tally ERP9 Part- 3
- Base Currency Symbol: Here you need to select current currency symbol which is running in country. Make it default because automatic Indian currency symbol will be detected.
- Formal Name: Here you need to select current currency formal name which is running in country. Make it default because automatic Indian currency formal name will be detected.
- Add space between amount and symbol: Make it Yes because at the time of printing it look readable.
- Show Amount in millions: Here make it No because in India maximum time calculation made in thousands, lacks & carors.
- Number of Decimal Place: Decimal place means the number comes after point. Suppose yo want to write 10,000.50, here 50 is a decimal and here you need to put how much decimal point you want.
- Word Presenting Amount After Decimal: He you have to select a proper character name in word which you want to show. Make it default because it will be detected automatically.
- No. of Decimal Places for Amount in Words: Here yo need to define decimal place to spell word.
Some Additional Question and Answer [Company Creation in Tally ERP9]
How to Open Tally ERP9 and Company You Created?
Go to Desktop then double click on Tally ERP9 application software or go to start menu then click on Tally ERP9 application.
Select Education Mode/ Login as Remote Tally.NET [If you are student select Eucation mode and if you are professional and you are using Tally for work then you need to active the licence]
Type Tally Vault Password to open or Display Company Name.
Type user Name and Password to Open Company [The name of user who use tally application for making transaction of company]
Now you see company it open and you can start working now to make entry. The first screen come called Gateway of Tally.
How to Rename Company Name Tally ERP9?
Company name means the name of company which is used to make transaction and print bill or quotation. Sometime you need to change name of company or make some correction for legal resion. He I am showing you to rename company name in Tally ERP9. First you need to open company and come into gateway of tally in company.
Press ALT+F3 from you keyboard or select tab “Company Info” from right bar.
Now go to company infor Dialog Box then select Alter menu.
Select company name which you want to rename or make correction.
Now make correction what you want and save it. Here you will able to change or correct the following like Company Name, Company Mailing Name, Company Address, Phone Number, Email ID and website.
What is the System Requirements to Install Tally ERP9
To install Tally ERP9, your computer system should meet the following minimum requirements.
- Processor: minimum Intel Dual Cure [Core i3 is recommended] because it is play important role to operate software.
- Memory: 1GB RAM or more.
- Free Hard Disk Space: 200 MB Minimum [excluding the data]
- Monitor Resolution: Recommended 1024 X 768 or higher.
- Operating System: Windows 7 or More latest in market.
How to Change Company Data Directory?
Data Directory: The data folder is created here. All company data folders will be placed under this folder. You can not change company data directory after creating company but you can change company data directory at the time of company creation. In a corporate world company data directory map with other SAN Storage device to make data secure.
I hope you will understand to create company in Tally ERP9. In this article I have try to show you all steps with additional information to create company in tally erp9. If you have any double please comment me, I will try to solve your problem. Please don’t forget to give your feedback in comment and share this article in Facebook and Whatsaap.