Create A New Company - Tally Online Computer Course Notes and Tally Practical Questions

Create a new Company

Gateway of Tally > Company Info. > Create Company
Press Alt + F3
Company Info. > Create Company

Fill up the company creation form.

Name:
Mailing Name:
Address:
State:
Pincode:
Email Address:
Use Indian VAT:
VAT TIN Number:
Income tax Number:
Local Sales tax Number:
Sales tax Number:
Currency Symbol: Rs
Maintain: type of company (Accounts only or Accounts with inv.)
Financial year from:
Book beginning from:
Use Security Control:

Basic Currency Information

Basic Currency Symbol : Rs Show amount in Millions: No
Formal Name: Rupees/put a space between yes amounts & symbol : No
Numbers of Decimal places: 2
Is symbol suffixed before amounts:

Maintain: type of company

You can select Accounts only or Accounts with inv. option

Accounts only

Select this only if you do not have any inventory transactions (suitable for professionals and corporate offices). Tally would not permit intrusion of Inventory related information that are not required. However, at a later date (if required) you can alter the information as Maintain Accounts-with-Inventory Tally accordingly now provides all the inventory-related information.

Accounts-with-Inventory

This obviously allows you to maintain both financial accounts and inventory. You may choose not to use one or the other until the need arises.

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