How to Create Company

 

Company Creation

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In this session, we will learn how to create a company using a simple method step by step.

How to Create Company in Tally Step by Step:-

Step1: Go to the Gateway of Tally ==> Company Info ==> Create Company.

Step 2: The following screen displays the company creation window:

Step 3: Enter the "Company's Mailing Name". This is an important field because it shows all the printouts.

Step 4: Enter the "Company's Full Address". This is shown on all printouts. Thus it is an important field.

Step 5: Choose the "Name of the Country" as India from the given countries list.

Step 6: Choose the "State" from the given list of states.

Step 8: Update the "Telephone Number"/ landline of the company.

Step 9: Update the "E-Mail id" and "Website" of the company.

Step 10: Update the financial year starting date of the company. In India, the financial year of the company starts on 1st April and ends on 31st March.

Step 11: Update the date from which accounting is allowed in Tally. Generally, this date and the starting date of the financial year are the same. But if the company has been formed on any other date of the year, that date will be mentioned.
For example: If books have been set to begin from 1-Dec 2019, the Tally will not allow the entries for the 1-April-2019 to 30-Nov-2019.

Step 12: If we want to use TallyVault, enter a password. It is a secure feature that encrypts data.

Step 13: Repeat the password of TallyVault. Tally ERP matches this password with the previously entered password to ensure that the password we typed previously was the intended password, which means there is no typing error.
Here the bar indicates the password strength. Strong passwords indicate with a green bar. A strong password is better.

Step 2: The following screen displays the company creation window:

Exercise 1

(Company Creation)

S.NO.	COMPANY NAME	COMPANY DETAILS	DETAILS OF COMPANY
1	Bright Finance Pvt. Ltd.	Address	Burari S.O, North Delhi, Delhi
		Country	India
		State	Delhi
		Pincode	110088
		Phone No.	011-440062241
		E-mail	brightfinance@gmail.com
		Website	www.brightfinance.com
		Financial Year	01-04-2013
		Books Beginning	01-05-2013
2	Flexible Finance Pvt. Ltd.	Address	Anand Vihar S.O, East Delhi
		Country	India
		State	Delhi
		Pincode	110092
		Phone No.	011-224646142
		E-mail	flexiblefinance@gmail.com
		Website	www.flexiblefinance.com
		Financial Year	01-04-2014
		Books Beginning	01-06-2014
3	Premium Care Pvt. Ltd.	Address	Birajpur B.O, Dhanbad, Jharkhand
		Country	India
		State	Madhya Pradesh
		Pincode	828113
		Phone No.	011-440062241
		E-mail	premiumcare@gmail.com
		Website	www.premiumcare.com
		Financial Year	01-04-2013
		Books Beginning	01-05-2013
4	Orex Finance Pvt. Ltd.	Address	Ahmedabad G.P.O., Gujarat
		Country	India
		State	Gujarat
		Pincode	380001
		Phone No.	079-25510027
		E-mail	orexfinance@gmail.com
		Website	www.brightfinance.com
		Financial Year	01-04-2016
		Books Beginning	01-08-2015
5	Golden Trust Pvt. Ltd.	Address	S.T. Road S.O, North Delhi
		Country	India
		State	Delhi
		Pincode	110006
		Phone No.	0129-22374567
		E-mail	goldentrust@gmail.com
		Website	www.goldentrust.com
		Financial Year	01-04-2017
		Books Beginning	02-04-2016
6	Care First Finance Pvt. Ltd.	Address	Burari S.O, North Delhi
		Country	India
		State	Delhi
		Pincode	110084
		Phone No.	011-27611023
		E-mail	carefirstfinance@gmail.com
		Website	www.carefirstfinance.com
		Financial Year	01-04-2018
		Books Beginning	01-04-2018
7	Future Growth Pvt. Ltd.	Address	Laxmi Nagar S.O, East Delhi
		Country	India
		State	Delhi
		Pincode	110092
		Phone No.	011-22374567
		E-mail	futuregrowth@gmail.com
		Website	www.futuregrowth.com
		Financial Year	01-04-2018
		Books Beginning	04-04-2018
8	Oracle Finance Pvt. Ltd.	Address	Anand Vihar S.O, East Delhi
		Country	India
		State	Delhi
		Pincode	110092
		Phone No.	011-22157472
		E-mail	oraclefinance@gmail.com
		Website	www.oraclefinance.com
		Financial Year	01-04-2020
		Books Beginning	01-09-2020
9	Fine Company Pvt. Ltd.	Address	Faridabad Sector 16, Faridabad
		Country	India
		State	Haryana
		Pincode	121001
		Phone No.	011-22657412
		E-mail	finecompany@gmail.com
		Website	www.finecompany.com
		Financial Year	01-04-2021
		Books Beginning	01-10-2021
10	The Fiscal Co. Pvt. Ltd.	Address	Kheri Kalan, Faridabad
		Country	India
		State	Haryana
		Pincode	121002
		Phone No.	0129-2291210
		E-mail	thefiscal@gmail.com
		Website	www.thefiscal.com
		Financial Year	01-04-2022
		Books Beginning	01-11-2022