Tally erp 9 company creation

 Tally.ERP 9

How to Create A Company?

Shriram Electronics: is wholesaler & retailer of Electronics goods based in Mumbai (M.S.) the started their business operations in Mumbai from 1st April 2017 Shriram Electronics now need to

maintain their books of Accounts in Tally.ERP 9

Company Info > Create Company > Shown by following screen 

* Use of Security Control is Set to No

. Directory-

This is where your company data will be stored on your system. This field is skipped by default as suming that you wish to create company in the data path displayed. However if you want to

change it, simply use the backspace key and change it to what ever required

For example, the default Tally.ERP 9 data directory could be D:\Tally.ERP9\Data.

• Name-

Type here the name of the company, you wish to create.

Mailing Name & Address-

The mailing name and address details are picked up for inclusion in any report that needs the company name and address as heading. For example:Balance Sheets, Statement of Accounts

Country-

Select the Country from the List of Countries. The Statutory Features and Base Currency Symbol are enabled in accordance with the country selected

• State-

Select the appropriate state from the predefined list

• Pin Code Specify the PIN Code (Postal Index Number) of the specified address.

Phone Number

Enter the Telephone number

Mobile Number

Enter the Mobile Number E-Mail Address

Give the email address that will be used to email documents, reports and data from Tally ERP9

• Financial Year begins From

Specify the date of beginning of financial year for the company. If you specify 1-4-2017 as the

date, your financial year will be From April to March (01/04/2017 to 31/03/2018)

Books Beginning From

Specify here the date from which you actually want tally to maintain your accounts. By default the same date for beginning of financial year is taken, but you may give any other date which is later to

the date of beginning of financial year.

TallyVault Password (If any)

TallyVault is an enhanced security system, which allows for encryption of the company data. Encryption involves converting normally accessible tally information into unrecognisable information, which can only be reconverted by authorised persons.

• Use Security Control

Set this to Yes, if you want to initiate a password-protected system to control access to Tally.

ERP 9 data. Else, set this to No

Name of Administrator, Password, Repeat Password

Assuming the Tally Vault Password and Use Security Control is Set to Yes enter the Name of

Administrator, Password and Repeat in the respective fields.

• Use Tally Audit Feature?

Tally Audit allows the administrator or an auditor profile user to track changes in accounting information. If you wish to use this facility, Select Yes. Tally Audit will be available only to the administrator/ auditor, through Display of Statements of Accounts. For more information refer Data Management in Tally ERP9

• Disallow opening in Educational mode?

Set this option to Yes, if you don't want the company to be opened in Educational mode of

Tally.ERP 9. Else, Set this to No.

Base Currency Information (7)

The currency symbol given earlier in the Company Creation screen is displayed here automatically.Tally.ERP 9 uses this currency symbol in reports, wherever necessary.

Formal Name

Formal Name is the full name of the currency specified. The Formal Name for the base currency is set to Indian Rupees for Indian Companies.

Suffix Symbol to amount For countries, which specify the symbol after the amount (value)- this facility is provided. For example, Yen is specified after the amount (1000 Yen) unlike in India where the symbol is specified before the amount (Rs.1000)

• Add space between Amounts and Symbol

This facility is provided to users who require a space between the amount and the symbol. However, putting a space between the amount and symbol could give an opportunity for misuse incase of cheque printing. Hence, the flexibility to turn this option on and off as required is provided.

• Show Amounts in Millions

This is useful for companies, which require reporting the financial statements in millions. This is possible only if Allow Multi-Currency is enabled in F11: Accounting Features.

Number of Decimal Places

You can specify a value from 0 to 4 to denote the fractional part of the currency. The default value for this option is 2.

• Word representing amt after decimal Enter the symbol for decimal portion. I.e. Paise

No. of Decimal Places for Amount in Words You can specify the number of decimal places for printing the amount in words. This number should be equal to or lesser than the number specified in Number of Decimal places field in company creation or currency master screen which will appear in Invoice and Cheque printing screen.For example, if the currency is expressed upto 3 decimal places, the numeric to be printed in words can be restricted to 2 decimal places.

• Accept? Yes or No

If you press 'Y' or Enter than Tally will save all information you have entered.