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.

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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  TallyPrime Assignment-16 [Purchase Return / Debit Note Voucher]

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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