COMPANY INFO. & CREATION OF COMPANY

    After u open a Tally Program , 1st you have to go to COMPANY INFO , either to Create a New Company or To select a Company. In this article u will get to know about different  basics tools found in Company info and how to create a company.

                                        COMPANY INFO.

By using ALT+F3, Company info can be opened at any moment.This Menu consists of following options (Hotkeys Shown in Bold Letter):-

SL. NO.	ACTION	MEANING
1	Select Company	To select a created company
2	SHut Company	To unload a selected company
3	Create Company	To create a new Company
4	Create Group Company	This option becomes active when more than one company is selected
5	Alter	To alter information of existing company
6	Change Tally Vault	To alter Tally Vault password for a company
7	SPlit Company Data	To split the company data into financial period
8	Backup	A copy of the data should be kept in other media like Floppy or CD or Tally Locker
9	Restore	To getting back the earlier data in the working Disk
10	Quit	To exit the Tally Software

      The above diagram clearly mentions all the different tools and panels found in a Tally Program.

CREATION OF COMPANY IN TALLY

 a)           Open Tally Program

b)           Go to Company Info. / Press Alt +F3.

c)           Then go to Create Company.

d)        A form will appear which is to be filled up with the information    regarding the company like Name, Address, D.O.C. [Date of Commencement], Currency Information,etc.

e)     There is an option named "Maintain"  in the form and it contains 2 different methods.  

      1. Accounts Only- Choose this option if ur company doesn't deals with any kind of inventory (Stock). If ur company is a Chartered Account Firm , then u may use this method.

     2. Accounts With Inventory - Choose this method if ur company deals with inventory (Stock).If u have a business firm which deals with the stock then u must use this method. If u are a student then u must use this method , as in this method u can maintain both Accounts & inventory ( Stock) details. 

f)     After inputting the information about the company press “ENTER”key to accept the company details & Information.

g) You can also set a Tally Vault Password for your company. Using Tally Vault password will make ur company name converted into asterisk (*) . 

For Ex :- If ur company name is Sandhya Pvt. Ltd. and u use Tally Vault Password feature then ur company name will be converted into "************". 

It is done to hide Company Name. 

I will suggest you not to use this feature as if u have more than one company in a single Tally Program then u will be facing difficulties in finding a specific company. 

h) If u want to skip the step "(g.)" , then u must use security control feature. Using this feature will allow ur company an additional security by providing a USERNAME & PASSWORD.

U can use this feature after u enable "Use Security Control" option. 

(:- Do Note ur password u kept for the Company, If u forget the password , u won't be able to access ur company data once again.)

i) After providing all the details press enter continuously to reach the last page or u can use "CTRL+A" - to accept and save the information.

SCREEN LAYOUT OF CREATE COMPANY