Creating a Company with Tally

Prime
 To create a company with tally prime, the
user must follow the following steps
1. Click Tally Software
2. Info of company
3. Create Company
I. Name
II. Mailing Name & Address
III. Country and State
IV. Telephone, Mobile, and E-mail
V. Financial year beginning from
VI. Books beginning from
VII. Tally Vault
VIII. User Access
IX. Verify the base Currency details
X. Accept the Company Screen
XI. Set up features as needed
 Configure and Features Setting
• F12 Configure Setting
1. Provide Contact Details
2. Use Tally Vault password to encrypt Company
Data
3. User Access Control
4. Provide Additional Base Currency details
 Features Related to Account
• Maintain Accounts
• Enable Bill-wise Entry
• Enable Cost Centers
• Enable Interest Calculation
 Features Related to Inventory
• Maintain Inventory
• Integrate Accounts with Inventory
• Enable Multiple price levels
• Maintain Expiry date for batches
• Enable Job Order Processing
• Enable Cost tracking
• Use Discount column in Invoices
• Use Separate Actual and Billed Quantity columns
in Invoices
 Feature related to taxation
• Enable Goods and Services Tax (GST)
• Enable Tax Deducted at Source (TDS)
• Enable Tax Collected at Source (TCS)
• Enable Value Added Tax (VAT)
• Enable Excise
• Enable Service Tax
 Features related to Online Access

• Enable Browser Access for Reports

• Enable Tally.NET Services for Remote Access
and Synchronisation
 Features Related Payroll
• Maintain Payroll
• Enable Payroll Statutory
 Other Features
• Enable multiple addresses
• Mark modified vouchers
Thank You