step by step company creation in Tally

Posted on October 28, 2011 by Mahendra • 98 Comments

Company creation in Tally, is the first step to start working with Tally.erp 9.Few days back,

company creation in Tally | How to to go ahead

Once the software is downloaded, start the Tally.erp 9, and the below screen will appear. It will prompt to create a company, if there is no company created or loaded and so, the Select option is disabled automatically. Now just read the full articles here for company creation in Tally.

Now hit Create company button and you will find below screen

company creation in Tally | First step to do?

Type legal name of company and its mailing address.

Note : You may alter name and address at any time latter on you wish so.

After address, select your county.Than select Stat

If your office location is in Mumbai from where you have to prepare books of account,and your business unit is in Delhi,then you have to select your state as Delhi and not Maharashtra.

Now you have to select method of accounts i.e. Accounts only or Accounts with inventory

If you select accounts only then you will not be able to keep record of inventory.

Further, you have to select period of accounting year.

Accounting year is a period for which books of accounts are being managed.

Calendar year is the year starting from 1st January of any year and ends on 31st December of the same year.

Financial year is a year which starts on 1st April of a calendar year and ends on 31st March of the subsequent calendar year.

company only to comply with the provisions of the companies act in case of newly formed company.

So any case the financial year from should be the 1st April of the calendar year for which you want to start books of account regardless to the fact when the business was started.

The second selection is starting date of books of account. This is the date of starting your books of account. but be careful while selecting this date.

If you were maintaining your books of account on manual and from 1st April, 2009, you have decided to write books in tally then your financial year as well as books beginning will start from 1st April, 2009.

for running business you can not choose any other date then the 1st April of the calendar year.

so, books begin date must be 1st April of the financial year for all business except those which start during the middle of a financial year.

Let’s say your business starts on 1st July, 2009, then the Financial year will be 1st April, 2009 and books begin from will be 1st July, 2009

company creation in Tally | The Final set up

Now, accept the screen by pressing Ctrl +A, to complete company creation in Tally

company creation in Tally is now about to complete!

Your first Company creation in Tally is completed.Congratulation. Now you are ready for voucher and journal entry in Tally

A short video on company creation may help you. please watch video and subscribe to our video channels on You Tube.

Mahendra (192 Posts)

Mahendra is founder and CEO of the I Vision Infotech, Authorised Tally Sales and Service Partner and helping Tally users to learn Tally and accounting free through this site

Filed Under: How to ?

Rahul Tarba 5 pts

hello friends i want to start writing accounts how can i start

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Rahul Choudhary

Hello everybody,

How can we alter a TDS deducted journal voucher which passed earlier with using the auto TDS in tally and now in alteration we dont need to deduct the TDS or create any TDS reference. please guide

Thanks

Mahendra

Hello Rahul,
If you want to remove the TDS (which was earlier passed with auto mode) then , just when you fill up the amount of expenses then select not applicable or put the amount 0 from the pop up button.
And If I haven't understand your question then please fill up the contact us form with screen shorts but mentioning your correct Tally Serial Number is mandatory to get our free support

Rahul,
while altering the voucher use not applicable in the pop up. it will remove tds deductible. you can also alter amount (partially if you want to deduct tds on a partial amount only)

abbas

hello dear sir i inform to you i was before 7 month do the Tally ERP 9. but i am not using from 6 month Tally so i am forget the tally so can you please give me some information what shall i do.i will wait you reply.

just read the local help manual and you will get update in your mind which you forget earlier.

lanray

i do really love ur screem shot..wat to knw

Khaja Sheriff

Dear Mr. Mahendra,

I am from dubai, we are using tally, but i am really confusion in inventory. Sales entries are made and stock out from branch godown instead of main. When i see the stock status in branch godown it shows only - quantity but no value but some of entries are shown with values pls help me how to solve this proble.

Hello Khaja Sherrif<
Please send me the screen shot of inventory where you are facing the problem.
you can attach the screen shot at contact us page on our site

kailash

mahendra sir i am running a truition centre where i m the sole tutor however i wnna treat my self as a employee and my students as income or debtor i m confused nd only acc or acc with inventory

kanimozhi

hi friends i want step by step in POS in education version 9.0. and also TDS and TCS... thank you..

RAMAN SHARMA

Dear Sir

My name is raman sharma i want to learn the everything abt the tally to become the tally expert. from where i get the coaching abt the and where is the study the center of tally and where i got choaching for this, is there any center in the chandigarh from i getting coaching for that, for become the tally expert.

Raman sharma

zahid

hello frnds..
when i enter any entry but date is no change wht resion plz tell me.
thnx with regards.
zahid

Zahid,
Your license may be turned to Educational so first check your license status

jothi

i dt know abt tally.plz help to me.

REKHA

sir, am very much interested in learning tally indepth as i know only basics is it sufficient for me to work in tally with basics. am very much attracted by your site.
kindly help me to learn more and more things in tally9 erp

vani

hello!
I hav been learning tally from basics with the same website... its very interesting.. can u pls help me with the arranged headings or sequential steps one by one to learn practically for me.. what is the next step after creating a company?

Vani,
I am glad that my article helped you in creating the company.
after company creation, you have to create some ledgers and to post some expenses and other entries.

Manjunath

hello sir u can help me to learn tally online

omparkash goyal

i use tally 7.2 how can i transfer datta at the ending of finacial year

preety

please guide me to about how to create voucher entries in tally... and wat all should come under voucher entries?

joshna

how to create the cost center

V. Ramachandran

Please help me in guiding to learn tally from beginning.
Thanks

GAJENDRA

SIR, CAN U PLS SUGGEST ME ANY FREE TALLY TEACHING SOFTFARE.

Gajendra,
I can suggest free tally teaching software
01. Common sense
02. Hard work
3. In this world no lunch is Free!

Hassan

I am using 7.2 tally version doing accounting of servicing co,iam ok with that,now we started trading co,so stock also we need to enter,so guide me on that please,please tell me like we purchases 5 TV,that will effect purchase and sock how will enter this(we have no opening stock) tell me with above example

sadanandam

sir, iam using tally 7.2 and our other branch using tally9 they send backup file & data files to me but it is not open in tally 7.2 please help me

Sandanandan,
you can never open tally 9 data
in Tally 7.2.

hello, just upgrade into tally 9 and you will use easily.

Thanks Mr. Rahul, for your advice.
I would upgrade it to Tally 9 unfortunately, I am using Tally.erp 9 so not possible to go back!

but sir we can open data of 7.2 in tally 9 is that right

Prashant

Hey friends if you know, can you give name of any free e-book from where I can learn working with Tally free of cost.
You may give me name or URL of any such website.
I'll be thankfull to you.

Prashanth,
Visit www.tallysolutions.com
All the documents are available there in well explained and detailed manner. Except that, No one have time prepare A COMPLETE FREE E BOOK for you or any body.
You may spent month and years on Google for such efforts.

laxmi

Thanks for respons.
tell me about branch company where i can get the information of each company sepratelly (ratio of my company money : how much we are earning from particular company & how much we are sending on that same company)where as i need not put the same info to my original company which will get audit by my AC.

Hi Sir,
tell me about create LINKED or SUB COMPANY UNDER MY MAIN COMPANY.

Hi Sir,
i want to know about linked company or could you tell me how to create LINKED or SUB COMPANY UNDER MY MAIN COMPANY for my clients.

my company is a interior form so purchesed & sale both the activity/entries should be there.

Hello Laxmi,
Without knowing the TAlly serial number, I do not provide help to any one.
Also, I have no idea about linked/sub company. if you are referring to debtors/creditors or branch company than do let me know.

Ankur

Hello Sir,
I am a fresh B.Com graduate. During my graduation I have learned Tally 7.2; Right now I trying to learn Tally 9.0 at home. Please help me to find out some problem and solution for practicing Tally 9.0 at home. I mean to say some exercise for practice.
Thank You very much.
Ankur

Ankur,
No one have time to prepare example and excercise for you or anybody!
Still you can buy a book of accountancy the best one is Shukla and Grewal which is available in B.com Gratuation Course. If a student read that books carefully during his/her college time, then today, he do not need to ask anybody for examples for practice!

Ishan

Dear Mahendrabhai,

I am a software developer and in our company we are going to implement the Tally ERP 9 for Accounting and Inventory modules and we have to work on it. we are from non commerce background so we haven't much knowledge about the tally processes. So I request you to please put some more tutorials like this for the people like me.It is very simple to understand and very helpfull. I must congratulate to you for it. I know you are also a busy person but through these kind of tutorials, I think you can solve many of probelms like mine. expecting your early reply.

Thank you.

Ishan,
Thanks for your encouraing feedback.
I have sent you a personal mail on your ID.
Yes, I have been putting more and very important tutorials for tally and accountancy but it won't be free!
It will be available only for those people who understand value of money

swathi

Hi sir

want to learn accounts can u specify ur mail id..basically i am bca student .but now i am intersted to learn tally..is it easy to learn

Swathi,
I will not be in a position to teach you or any body step by step due to my own full time and other activities.
hope you will understand it.

ruvan

hi sir
i am from commerce stream i dont have interest in tally to learn.but after seeing ur tally explanation to others i am very intersted to learn about this. what will be fees for this. i like this tally. can u guide me.

Ruvan,
Do, you really interested to learn tally for fees ? Looks like I have to think in this regard seriously to charge a fees !

Hello, you dont have any need to go anywhere, just go to tally website (www.tallysolutions.com) and browse the tallyacademy and you will get an academy near to you.. just go there and start your learining and about fee than there will be an average fee (mostly 4000-8000)... ok and best of luck

thanks

Irfan Fareed

Dear Mahendra,

I am from Pakistan. I am ICom student. I want to learn tally. I don't know anything about tally. Read after your above tutorial now i can able to create a company. I felt, Tally is world's best software. Please tell me more, how i use it step by step. Please Mr.Mahendra help me to learn tally.
Thanks

Irfan,
First of all, you need to learn some basic of accountancy. Without knowing the basic, no one can learn any accounting software unless they are working under some experienced persons. So, if you want to learn it on your own, please read as much as possible various articles published in the blog. then create some ledgers,groups etc. Then post some examples vouchers in different ways.In case you face any trouble, give it a voice and I will clear your doubt.
I do not know if any other way is available for self learning

no sir ..i have to learn tally .can u guide me plz..

Very Strange Ruvan,
If you are not ready to pay for fees then why you are asking for fees ?
Anway, I have crated this entire site for free stuff lovers like you and there are more then 160 articles.
you can read all of them for free of cost and learn it yourself.
hope I have guided you properly