1-Practical Assignment-TallyPrime-Company Creation

TallyPrime Assignment-1 [COMPANY CREATION]

Create a New Company doing business of FMCG with following Information  …

Swayam Sales & Co. is one Departmental Store in Balasore, Odisha, with GSTN  No – 21AGHPB2764P1ZD  deals with both Whole selling & Trading of different types of Products like … Groceries, Essentials, Personal Care etc. etc. with the following information’s and will maintain his Books of Accounts with the help of TallyPrime Accounting Software with effect from 01-04-2023.

Swayam Sales & Co. (www.TallyPrimeBook.Com)

Balasore, Odisha – 756001 (India)

GSTN – 21AGHPB2764P1ZD

Mob – 9437264738

Website : www.tallyprimebook.com

eMail ID : order@tallyprimebook.com

Financial Year begins from            :               1-4-2023

Books beginning from                    :               1-4-2023

Note : Your can change your Local State with your GST No. DUE TO GST TRANSACTIONS. If your put your local state, all GST transaction with in your state will be CGST & SGST. So while creating Sundry Debtor or Sundry Creditor or any other Credit Party, their State and GST No. depends your within State transactions or Outside State Transaction.

Company Creation:

You can create a Company profile by using the following procedure :

  1. Press Alt+K > Create.

[1-Practical Assignment-TallyPrime]

Alternatively, at the Gateway of Tally, press F3 > Company > Create Company

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The Company Creation screen appears.

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Note :

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

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Books and Financial Year Details:

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  • Financial year begins from : TallyPrime pre-fills this field based on the date settings of your computer and the Country selected in the Company Creation 

For example, if your computer date is set to 06-06-2023 and the region is set to India, the financial year is pre-filled as 01-04-2023.

  • Books beginning from : By default, TallyPrime fills this field with the Financial year begins from  You can update this, as needed.
See also  Processing Payroll for Contract Employees using TallyPrime

For example, you started to maintain your Books of Accounts in TallyPrime  from 1-June-2023. You can update the Books beginning from date to 1-June-2023, while the financial year will be 1-Apr-2023.

(Now you will be able to work with the Current Company)

The first Screen is called Gateway of Tally (Home Screen).

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You can create a Company profile by using the following procedure :

  1. Press Alt+K > Create.

Alternatively, at the Gateway of Tally, press F3 > Company > Create Company

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The Company Creation screen appears.

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Books and Financial Year Details:

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