Company

Company in Tally Prime is equivalent to the books of accounts that you maintain manually, in the absence of an accounting application. You can specify the details of your business like the name of the company, the business name that needs to be printed in documents, the state and country where your business operates, the financial year followed, the date from when the books are maintained, base currency of your business, and so on.
To create  a Company  in  Tally Prime,

    1. Press Alt+K > Create.
Alternatively, at the Gateway of Tally, press F3 > Create Company. The Company Creation screen appears.
    2. Enter the Company Name.
Notice that a few fields are auto-filled. You can change any of these values as needed.

    3. Enter the details or verify the auto-filled details.
You can change these values later as needed. However, be careful about choosing
the Financial year beginning from and Books beginning from dates.

    

`4. Press Ctrl+A to create the Company.
Alternatively, you can press Y when the Accept message appears, on navigating to the end of the screen.
    5. Enable the required features for your Company.
You can enable or disable any of these features later.

    6. Press Ctrl+A to save the selected features.
You can press Esc thrice to close the features screen, if you do not need to change any.

Your Company is ready for use.

In case you want to specify additional details for your Company, press F12 on the Company Creation screen.

F12 Configure options

Provide Contact Details – To show the options to capture the company contact details.
Use TallyVault Password to encrypt Company Data – To show the option to set TallyVault Password.
Use User Access Control – To show the option  to enable user-based access to the Company.

Provide Additional Base Currency details – To show options to specify additional details of the Base Currency.

Refer to Working with Company section for further details.