ERP 9 is one of the most widely used accounting programs in India. It is complete enterprise software for small and medium-sized businesses.

1. Simple Steps to
CreateCompany in
Tally ERP 9 | 2022
Updated

2. What exactly isTally? What is ERP
9?

3. ERP 9 is one of the most widely used accounting
programs in India. It is complete enterprise software for
small and medium-sized businesses. ERP 9 is an ideal
business management solution and GST software that
combines function, control, and built-in customizability.
Read more aboutTally prime course in Ahmedabad.

4. Tally.ERP 9 allows business owners and their associates
to interact more in account-related discussions, and it is
a complete product that retains its original simplicity
while providing comprehensive business functionalities
such as Accounting, Finance, Inventory, Sales, Purchase,
Point of Sales, Manufacturing, Costing, Job Costing,
Payroll, and Branch Management, as well as compliance
capabilities for Excise,TDS,TCS, and now GST!Tally ERP
9 Software is a well-known financial accounting and
inventory management system with a powerful
computer.

5. ERP 9 is a great accounting software that can be
integrated with other business applications like sales,
finance, purchasing, payroll, inventory, and so on.
Tally software keeps detailed records of all business
transactions for each account.Tally ERP 9 uses a double-
entry accounting system, which eliminates and corrects
potential errors.

6. Because tally ERP 9 supports multiple languages, it is
referred to as multilingual tally software. Accounts can
be kept in one language, and reports can be viewed in
another.
You can create and manage accounts for up to 99,999
businesses.You can automate employee record
management by using the payroll feature.

7. An Introduction to Business
Formation

8. When we first start accounting withTally, the first thing
we need to do is learn how to create a company inTally
ERP 9. If you run multiple businesses, you can set up
multiple companies inTally. ERP 9 software for a single
price.
Tally ERP 9 has evolved beyond the concept of
accounting software to manage statutory compliance by
updating statutory files available on theTally solution
website.Tally can now be operated remotely using
Tally.net features, payroll can be processed, and many
other features are regularly updated byTally solutions.
GST (GST) compatibility from versionTally is the most
recent enhancement. ERP 9’s 6th release.

9. How to Set Up a Company inTally
ERP9

10. Tally.ERP9 software can be launched by double-clicking
theTally.ERP9 icon. Learn how to start a business. If you
don’t, you won’t be able to make masters and record
business transactions, among other things.
You can easily create a company inTally.ERP9 by
following the steps below.
 ALT+F3 –>Tally GatewaySelect the “Create Company”
option.

11. You must follow the steps outlined above and enter
information about your company, such as its address,
contact information, and other details.
 Click on “Create Company.”The screen below will
appear after you click on “Create Company.”
 Name: Enter the name of your company here. For
example, ABC Company.
 Enter your company’s address here.
 Country: Select a country.
 Enter a state such asTelangana or Karnataka.

12.  Enter your pin code here.
 Enter your phone number here.
 Enter your mobile phone number here.
 Enter your fax number here.
 Email: Enter your company’s official communication
email address here.
 Website: Enter the URL of your company’s website.
 Enter the financial year that begins on, for example,
01.04.2022.

13.  Books beginning from: In most cases, the financial year
begins on the same date as the book begins on the
same day. However, if you created a company in
Tally.ERP9 on 01.07.2022, the financial year begins on
01.04.2022 and the books begin on 01.07.2022.

14. Control of Security

15. This is a very useful feature inTally because it stops
people from getting their hands on company data.Yes,
use security controls.
You must remember your username and password.

16.  UseTally Audit features:This feature allows chartered
accountants to directly audit the company’s books of
accounts.
 You will be unable to open your company inTally if this
feature is enabled in educational mode. Everyone is
familiar withTally, which is free for educational
purposes and allows you to enter or post any entry on
the first and last day of each month.
 Base Currency Symbol:The country’s currency symbol
 The currency’s formal name is the INR.
 If necessary, you can enable this option, which
determines whether a currency symbol is required
before an amount such as 650.

17.  Add a space between the amount and the symbol:Yes,
this is the same as putting a space between the amount
and the currency symbol. 650 words
 If you enable this option, the amount of reports such as
the balance sheet and other reports will be displayed in
millions. For example, Rs. 1000000 is equal to 1 million.
 Number of decimal places: In India, two decimal places
are typically used for paisa purposes, such as Rs. 58.65.
 Following a decimal, a word is used to represent the
amount. InTally, it is set to paisa by default and does
not need to be changed.

18. The number of decimal places for the number in words:
This is the number of decimal places for the amount in
words.
If you choose a company to record transactions inTally,
the name of that company will appear under the name of
the company.

19. Modify Company Information

20.  You can change the company information by pressing
the shortcut keyALT+F3, as shown in the screenshot
below.
 Click on the Change button.
 Companies will change or edit their information when
they change their company address, contact number,
email, or any other information.

21. Date

22.  Tally will allow us to post transactions on various dates;
you can change the date by pressing F2 on the voucher
screen.

23. Period

24.  By pressing ALT+F2, you can change the financial
accounting period and which period transactions you
want to record.
 To save the information entered in the company
creation screen,
 If you have entered all of the details and after verifying
that everything appears to be correct, you must accept
the screen by pressing Enter and then Enter again to
accept and save the details.

25.  If we have enabled theTallyVault password, the next
screen will ask for the user’s name and password
details.Tally ERP 9 will create a company and direct
you to theTally Menu Gateway where you can create
masters and enter transactions after you enter these
details.
Content Source: https://businesstimes.org/simple-
steps-to-create-company-in-tally-erp-9-2022-updated/

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