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 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
Related posts:
- How to Import ledgers to new Company in Tally.erp 9
- How to create a Company in tally.erp 9?
- Data split in tally|Think for due date while posting entries in tally
- Axis Bank Cheque Printing in Tally |step by step guide
- Basic Groups in Tally
- Create Multiple ledger in tally|tally tips
- Short cut in tally for new ledger creation
hello friends…………….
pls give me guideline for learning tally 9 step to step..i have little knowledge about it , i dnt hav tim for tutorial to go nd learn,i want to knw the good site whr i can learn or name book which is available in market and which is best and easy understanding
Dear Mr Rana,
We are using Tally 9 ERP. Yest was 31 March 2010 so at the end of the day I went for splitting of Company. But when I went for that a message appeared Error : Due date of Bill 50 not correct. When i saw my Purchase and sales Invoice nos I couldnt get any Bill no 50 in my data. Im stuck up as I have to split the companies. Please help me out we can chat on Gtalk.
My mobile is … (Removed by the site administrator)
Then I also tried to create a new company manually but I got stuck up at one place security. its is asking for Tallyvault pass word . Where do I get that pass word . I tried putting the tally password given by Tally when I upgraded from Tally 9 to Tally ERP.
Please help me out as I have to create a new Co today and then start my worlk.
Thanking you.
Ms Shakuntala Aswaney
Vice President Finance
Mob (Removed by the administrator to maintain our reader’s privacy)
Dear sir,
1. please check your all the opening balances reference’s, may be u used the 50 no in opening balance…ok
2.while creating new company there is no mandatory field of Tally vault, you can skip this by pressing enter or tab button and if you press any other key than that will be your vault password and you will have to enter again this and also when creation process completed… so kindly check.
Thanks
give me rules of ledger entries
Naseem,
In a computerised accounting system like, there is no way to post ledger entries in any way. One need to post only voucher entry and ledger prepared by the accounting software tally.erp 9 itself.
For voucher entry rules, please browse category of basic rules of accountings
DEAR Mahendra , PLEASE HELP ME TO RECOVER TALLY ERP 9 vault or ADMINISTRATOR’S PASSWORD . if ANY TRICK OR SOFTWARE TO CRACK PASSWORD OF TALLY .STAY BLESSED.
FREDERICK FROM GHANA
email:fredsaint@yahoo.com
Dear Fredkrick,
Sorry for late reply but this service is chargeable and ther is no trick. you need to contact an expert who can do it on a fees base. If you need to avail our service on this matter then please contact me at my mail ID mkr2005 at gmail dot com
I am very poor in accountancy, dont know debit and credit. but from baground commerce. can I learn tally from you? how amny time it will take me to be a good tally man?
can you personally help in my mail? what will be fees for this? i like this tally. why there is nothing available in indian?
Dear Murli,
I am happy for your passion about tally. I can help you in learning tally as and when the time permit me. I don’t charge anything for this.
But I would appreciate if you learn tally on a genuine and fully functional tally software. you may contact me on my mail ID to learn tally in case you prefer to become a Tally man
Hi..
I want to Learn accounts.Can u please specify ur mailID.
please tell me tally 9 book name.
Dear Mahendra,
I dont Know A,B,C,D in Tally,Im basically BioChemistry Student.But now im interested to learn Tally.Can u help me..Is it possible for me to learn
Pooja,
Don’t worry. Tally is a simple to use and simplicity is the core basic concept behind today’s success.
Definately you can learn tally 100% as the same is very easy.
First of all, you need to download the latest software from the http://www.tallysolutions.com then create a company as per my articles on step by step company creation in tally.
Once you finish this two basic step then just drop me a mail.
how can i give a company logo in tally?
hello pooja i also dont Know A,B,C,D in Tally,Im basically MCA Student.But now im interested to learn Tally.Can u give me ur gmailid.so that i can also gain benefits as u …thanks
Dear Mahendra,
I have same problem like Pooja. Not actually same because i know about journal Entries.But dont know about tally. I dowload a software and create a company as per your command to Pooja. Now what i do?
Thanks and Regards
Akash Garg
Dear Akash,
After creating the company, you need to create some ledger account. Then start posting vouchers in the payment voucher type.just debit the expenses and credit the cash/bank account.
Tally.erp 9 requires only practice and excercise
Dear Mahendra,
Thank You very much for your Guidance. I regular practice that tally i faced some problem in making inventory, sales purchase entries. But i try to solve it.
I praticed many entries in payment
Dear Akash,
pleasure of mine. anytime you face any problem, just send me scan copy of vouchers, bills and I will guide you on Gtalk or any messenger lively how to resolve the same. but without knowing your problem exactly, I can’t help!. So when you face any problem, please be specific what is it.
I ensure all my readers that if you have a problem then I HAVE A SOLUTION
Finally thanks for joining with me on facebook
Dear Mahendra,
Do u have some exercise for learning Tally. If u have then please send to me at gargakash2984@gmail.com
Thank You Very Much
THanks & Regards
Akash Garg
Sorry Aakash,
I don’t have any such things ready made available.
Also accounting is something that you can learn and do only based on actual bills/documents.
Examples are based on a copy of bills/vouchers and I can’t create so many bills/vouchers.
My students who work actually with different organisation they send me scan copy of their bills/vouchers and by that way, I guide them how to make entries.
That is the only way to learn accounts.
Daily I receive such 10-15 requests from my readers to send them materials on their mail ID which Generally I don’t reply.This is first time I am replying on such request.
Dear sir,
thank you very much for guiding.
thanks
james
Dear Mahndra,
Thank you for for replying me.
I understand my fault. I ensure you I will never done this again.
Mahendra I got the Job in account Deptt. in manufacturing company My joining Date is 19/07/2010(Monday).
THanks and regards
Akash Garg
Dear Akash,
First of all Con grates for the job and best of luck.
Any time you face any problem in tally.erp 9 or accounts, just contact me. I will repeat again, if any of you have a problem relating to accounts/tally.erp 9, then I have a solution for the same
So, now without worrying for anything just join your job and in case of any doubt, just do send me a scan copy of the bill to my mail ID or write your problem with as much as details as you can so that I can understand what is the problem what can be solution.
Again best of luck and I am sure you will do a lot of thing in life
dEAR mahendra :
I m using tally in first time before using this software i was using oracle financial ,but tally is so sample as compare to oracle.But here i also face some dificulties.I m working with matche manufacturing company & electornic compay in Congo.we r using tally soft ware but we r also facing problem in inventory.the inventory portion is more confusing .i want to find the cost of good sold through inventory outflow .but in inventory outflow report tallyy also included all transfer which we transfer internally.
Hi Nawaz,
Glad to know that you are using Tally.erp 9.
You surely can overcome this problem. Create a new Voucher e.g. “Internal Stock Transfer ” type under Stock journal and use this voucher type while recording the internal stock transfer. Than move all your internal stock transfer entries to this voucher type.
Once you finish this go to Stock records use Filter option e.g. Alt +F12 and select the criteria as per your requirement. you will get the desired result for sure
Dear mahenra i have an confusion.
suppose i purchase 2-3 items like pant and steel. when i purchase steel or paint my inventory update. But I sale the steel after paint called “painted steel”. But I have no inventory in painted steel
so how i make sales entry.
After sales entry i have nothing to sale But my paint and steel inventory is full.And Painted steel inventory is going in minus because i purchase no painted steel but sell only painted steel.
How I adjust all the thing?
Thanks and Regards
Akash Garg
Dear Akash,
You need to pass manufacturing journal for production of painted steel material.
In that just use painted steel as destination production while paint and steel material will be entered under consumption (source material)
Please go through the article i have published in this regard. IF you are not able to locate the same, then I will send you the link for the same by evening today.
Akash Gargjee,
You should enter the painted steel entry through stock journal or mfg. journal firstly so that painted steel qty. enter in your inventory then you enter sale invoice.
H.M.Rawat
Dear Mahendra,
PLease send me the link of that article.
Thanks and regards
Akash Garg
Akash,
At the moment, I have been busy. but can give you a quick reference.
Just go to main menu of tally.erp 9 then select inventory vouchers. it will show you transfer of materials voucher types
there you will find two side (Left) for source/consuption
Here select the material which is consumed e.g. one by one paint , steel etc. then fill up the qty. leave rate field blank
after that on right side you will destination/production entries. here just select item painted steel and fill the qty you have produced.
please note that to use this feature inventory must be enabled in your company. otherwise you will not be able to use the same.
I will write a detailed article on this matter in coming days.
Dear Shri Mahendraji,
I am running tally9 Multiuser Gold in my Company. I need complete guide book to run the tally specially Inventory and VAT. Can you suggest me please .Secondly, I need certification course in tally for my career purpose. where I must do the course and which is the best. please suggest.
regards,
rakesh jaroli
Dear sir,
I NEED A GUIDANCE FROM U SIR .ACTUALLY I KNOW THE TALLY BUT SOMETIME I AM CONFUSED IN VOCHER AND UNDERGROUP U NO NA . SO WHAT I DO FOR THIS. AND I M FROM COMM. BACKGROUND
Swati,
You can specify your confusion on Gtalk or on our support forum
Without knowing your confusion, How I can solve it ? So, please give it a word to speak out from the mind and you will get a solution
Dear Sir,
I want to set my comp. logo in tally erp9 sales invoice. is this possible?
if yes then how can i set it.
kindly help me.
Regards;
H.M.Rawat
Dear Mr. Rawat,
Please check the site of tallysolutions.com. There is a section Tally developer network. You will find free tdl extension. There is free TDL available for logo printing in invoice.
Please download that tdl and go through the same.
Dear Mahendra,
I don’t know anything about tally.I am interested in tally very much Please help me to learn the basic steps like invoice creation purchase entry etc
with reagrds,
Jyothy
please tell me books name of tally 9
im finished b.com actually im working private co in that company using oracle software for accounts.i don’t know tally.i have to learn tally kindly guide me step and step.i cannot able to try for other company because of tally.other company asking tally.pls guide me in online
Nandini,
Please read the tallynine.com as much as possible then post your query on forum
No online and ready made learning is available. No one have that time to prepare and invest such things.
Hi, i want some usefull tips for tally from you guys. plz help me to understand the accounting / tally and its functions.
Thanks……..
Dear Mahendra
I am a small business owner using tally
I am facing problem with sundry debtor and creditor
the problem is some times the debtor becomes creditor and visa versa
its because at time my clients pay me advance before buying goods and some times i sell on credit to the same client. What is the right way to handle this problem
I would also like to have a complete tutorial of help by you on Tally ERP 9 if you have, because learning short short articles is difficult.
Kind Regards
Kagazwala
Kagazwalaji,
You have to enable reference (bill wise details) for suppliers and your clients. Then all entries should be done through reference number (advance, new ref/on account or against ) When we sell/purchase goods with same client then it is normal that there may be debit or credit balance however in this case as suggested above, will help you to get a correct position.
Be assure there is no complete tutorial available in this world for any accounting software since accounting is generally affect by the laws and laws are ever changing so material prepared on today will become irrelevant tomorrow in view of such changes. So, you have no option except to learn short short articles
Mahendra ji
But how to define my client
as Sundry Debtor OR sundry Creditor
Best Wishes
kagazwala
Kagazwalaji,
I also face the same problem that is we frequently receive advances from the our clients. but let me share with you how I handle this issue. A debtors is always shown under Sundry debtors group to whom we sale goods now when we receive advances from then the its mess entire balance sheet that is current assets in balance sheet show under the capial and liabilities side. This is basically very true and there is nothing wrong. But I don’t like this kind balance sheet. So, I use a small trick. I created a new sub group ” Advances from Customers” under the Sundry Debtors/Current liabilities so whenever I have to prepare a balance sheet I just change the group of all such debtors from whom we receive advances to Advance from Customers Group and after that I again change it to default position.
Mahindra ji
ek or samasya 7.2 sey 9 ka migration
ghambirta me pad gaya hey. Error aa jata he
Upayaee???
Kagazwala
Kagazwalaji,
You will be require an expert who can handle it.
You can send me the data back up, I will migrate to and then will send you back.
However I am using the Tally.erp 9 while you are using tally 9 so you might be require to re write that data and the process should not be interupted.
Dear
I want to know that, when I create same company name with next financial year, How to copy all same ledger accounts with opening Balance (temprorary)because last Financial year still not close. so that i will start to work (Voucher Entry) in new finacial year.
I am very thankfull if my quiry solved.
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
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
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.
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
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!
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.
Hi Sir,
tell me about create LINKED or SUB COMPANY UNDER MY MAIN COMPANY.
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.
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 http://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.
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
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
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
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!
Please help me in guiding to learn tally from beginning.
Thanks
how to create the cost center
please guide me to about how to create voucher entries in tally… and wat all should come under voucher entries?
i use tally 7.2 how can i transfer datta at the ending of finacial year
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.
hello sir u can help me to learn tally online
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
i dt know abt tally.plz help to me.
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
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
hi friends i want step by step in POS in education version 9.0. and also TDS and TCS… thank you..
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
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
i do really love ur screem shot..wat to knw
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.
Thanks
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
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)
hello friends i want to start writing accounts how can i start