Tally.

Write the steps to create a new company in Tally and also explain the all reliable fields in company creation window.



Answer: Every business has no. of financial transactions, as a human being we could not remember all of them. To overcome this problem we used to record all business transactions in books. As technology is developing we are using computers in every area. 

Tally is an application package which is used to record and analyze all business transactions in computer. To work with this package we need Windows operating System in our computer. 

To record transactions in Tally, first we need to create Companies for whose transactions to be entered. Suppose as a consultant if want to maintain number of companies data, we need to create separate companies. 



To create a company we have to follow the steps giving here under:

By Double clicking the Tally Icon on desktop, it opens the Tally screen. 

The gateway of Tally Screen divides into four areas 

Title area : Shows version No. Date, Time etc., 

The main area : List of selected Companies etc., 

Calculator Area : To done mathematical calculations 

Button bar : Displays Commands to be used 

The names of the companies already created will displays on the main area’s left part. In the right part of the main area there is a menu called Company Info. 

Click on Create Company. It will display a dialog box. 

We have to fill the required fields 

After entering all the information it will display ‘Accept Yes or No?’ dialog box. 

Click on Yes Button to save all the information and it will creates the company 

The Following are the various details required to create a company.


Directory: Company’s data will be saved in a directory, for this it is required to give the path of the Data directory. Path is the location of the directory. By default Tally creates its data directory at C:\Tally\data. We can the change the default path by pressing backspace key and enter a new path. Internally Tally Names its directories like 001, 002. 

Name: Here we have to give the name of the company for whose books are to be opened. For Eg. XYZ Company Ltd., 
Mailing Name and Address: Here we can enter the mailing address of the company. It can be entered in multiple lines also. 

E-mail Address: This is optional, if we want we can enter it. 
Local Sales Tax Number: Here we have to enter the Sales tax number allotted to the company by the state Govt.( if available) 

Inter state Tax Number: Type the number if available which was allotted by Central Govt.. 

Income tax Number: Type the number allotted by the Central Govt to the company if it available. 

Currencey Symbol: Type the base currency symbol like Rs. $ etc. In India it will be Rs. 

Maintain: We can maintain two types of Accounts 

Accounts Only: To maintain Accounts Transactions only 

Accounts-cum-Inventory: To maintain the Inventory transaction as well as Accounts transactions. 

Financial Year from: Type the Financial Year of the country for Eg: 2005-06 

Books beginning from: Tally assumes that this period will be the same as Financial Year , if we want we can change it. Suppose company books begins from July 2006, then the date will be 01-07-2006. 

Tally Valut Password: To avoid unauthorized persons to operate/enter and view our company transactions we can maintain data in encrypted form(Unrecognizable form). By typing the password authorized persons only can view and record/enter the information. As administrator we have give the Password for it. 

Use Security Control: We can define and maintain security control layers by classifying the Supervisor rights and normal user rights. Type Yes to maintain Security control , other wise Type No. 

Basic Currency Info: In this area we have to enter currency formal name, Decimal Points etc., information 

No comments:

To Get Board Exam Important Follow us.

No. 1 Simple Hack, you can try out, in preparing for Board Exam

How to Study for CBSE Class 10 Board Exams Subject Wise Tips?

JEE Main 2020 Registration Process – Exam Pattern & Important Dates

NEET UG 2020 Registration Process Exam Pattern & Important Dates

How can One Prepare for two Competitive Exams at the same time?

8 Proven Tips to Handle Anxiety before Exams!


PDF FILE TO YOUR EMAIL IMMEDIATELY PURCHASE NOTES & PAPER SOLUTION. @ Rs. 50/- each

SSC MATHS I PAPER SOLUTION

SSC MATHS II PAPER SOLUTION

SSC SCIENCE I PAPER SOLUTION

SSC SCIENCE II PAPER SOLUTION

SSC ENGLISH PAPER SOLUTION

SSC & HSC ENGLISH WRITING SKILL

HSC ACCOUNTS NOTES

HSC OCM NOTES

HSC ECONOMICS NOTES

HSC SECRETARIAL PRACTICE NOTES

2019 Board Paper Solution

HSC ENGLISH SET A 2019 21st February, 2019

HSC ENGLISH SET B 2019 21st February, 2019

HSC ENGLISH SET C 2019 21st February, 2019

HSC ENGLISH SET D 2019 21st February, 2019

SECRETARIAL PRACTICE (S.P) 2019 25th February, 2019

HSC XII PHYSICS 2019 25th February, 2019

CHEMISTRY XII HSC SOLUTION 27th, February, 2019

OCM PAPER SOLUTION 2019 27th, February, 2019

HSC MATHS PAPER SOLUTION COMMERCE, 2nd March, 2019

HSC MATHS PAPER SOLUTION SCIENCE 2nd, March, 2019

SSC ENGLISH STD 10 5TH MARCH, 2019.

HSC XII ACCOUNTS 2019 6th March, 2019

HSC XII BIOLOGY 2019 6TH March, 2019

HSC XII ECONOMICS 9Th March 2019

SSC Maths I March 2019 Solution 10th Standard11th, March, 2019

SSC MATHS II MARCH 2019 SOLUTION 10TH STD.13th March, 2019

SSC SCIENCE I MARCH 2019 SOLUTION 10TH STD. 15th March, 2019.

SSC SCIENCE II MARCH 2019 SOLUTION 10TH STD. 18th March, 2019.

SSC SOCIAL SCIENCE I MARCH 2019 SOLUTION20th March, 2019

SSC SOCIAL SCIENCE II MARCH 2019 SOLUTION, 22nd March, 2019

XII CBSE - BOARD - MARCH - 2019 ENGLISH - QP + SOLUTIONS, 2nd March, 2019


BUY FROM PLAY STORE

DOWNLOAD OUR APP


HOW TO PURCHASE OUR NOTES?



S.P. Important Questions For Board Exam 2020


O.C.M. Important Questions for Board Exam. 2020


Economics Important Questions for Board Exam 2020


Chemistry Important Question Bank for board exam 2020


Physics – Section I- Important Question Bank for Maharashtra Board HSC Examination


Physics – Section II – Science- Important Question Bank for Maharashtra Board HSC 2020 Examination


MUST REMEMBER THINGS on the day of Exam


Are you prepared? for English Grammar in Board Exam.


Paper Presentation In Board Exam


How to Score Good Marks in SSC Board Exams


Tips To Score More Than 90% Marks In 12th Board Exam


How to write English exams?


How to prepare for board exam when less time is left


How to memorise what you learn for board exam