Create Company in Tally Prime

Creating a company in Tally Prime is a straightforward process. Tally Prime is accounting software that allows users to manage their financial transactions, inventory, and other business operations efficiently. Here’s a step-by-step guide on how to create a company in Tally Prime:

Step-by-Step Guide to Create a Company in Tally Prime

1. Open Tally Prime

• Launch the Tally Prime application on your computer.

2. Select “Create Company”

• Press Alt + F3 or navigate to the Gateway of Tally.
• On the Tally Prime home screen, you will see options like “Select Company,” “Create Company,” and “Shut Company.”

• Click on “Create Company”.

3. Enter Company Details

You will be prompted to enter various details about your company. Fill in the following fields:

• Name: Enter the name of your company.
• Mailing Name: This is optional; you can enter a different name for mailing purposes.
• Country: Select your country from the dropdown list.
• State: Choose the state where your company is registered.
• Address: Enter the complete address of your company.
• Pin Code: Enter the postal code for your company’s location.
• Phone Number: Enter the contact number for your company.
• Email: Provide an email address for communication.
• Financial Year: Set the financial year for your company (e.g., April 1, 2025, to March 31, 2026).
• Books Beginning From: Specify the date from which you want to start maintaining your books of accounts.
• Currency: Select the currency in which you will be conducting your transactions (usually the local currency).

4. Save the Company

• After entering all the necessary details, press Enter to save the company.
• You will see a confirmation message indicating that the company has been created successfully.

How to Select Company in Tally Prime

To select a company in Tally Prime:

1. Open Tally Prime: Launch the Tally Prime application.
2. Select Company: On the home screen, you will see the option to Select Company.

3. Choose the Company:
   • A list of available companies will be displayed.
   • Use the arrow keys to navigate through the list or start typing the name of the company you want to select.
   • Once the desired company is highlighted, press Enter to select it.

How to Alter Company in Tally Prime

To alter the details of an existing company:

1. Select the Company: First, select the company you want to alter using the steps mentioned above.
2. Go to Company Alteration:
   • Press Alt + F3 or navigate to the Gateway of Tally.
   • Select Alter from the menu.
3. Choose the Company:
   • A list of companies will appear. Select the company you wish to alter and press Enter.
4. Modify Company Details:
   • You can change various details such as the company name, address, financial year, and other settings.
5. Save Changes:
   • After making the necessary changes, press Enter to save the alterations.

How to Delete Company in Tally Prime

To delete a company in Tally Prime:

1. Select the Company: First, select the company you want to delete using the steps mentioned above.
2. Go to Company Deletion:
   • Press Alt + F3 or navigate to the Gateway of Tally.
   • Select Alter from the menu.
3. Choose the Company:
   • A list of companies will appear. Select the company you wish to delete and press Enter.
4. Delete the Company:
   • On the company alteration screen, press Alt + D to delete the company.
   • A confirmation message will appear asking if you are sure you want to delete the company.
5. Confirm Deletion:
   • Press Y (Yes) to confirm the deletion or N (No) to cancel.