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Tally.ERP 9 ( Part 1) - Company Creation Video Lecture | Tally ERP 9: Complete Training - Software Development

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FAQs on Tally.ERP 9 ( Part 1) - Company Creation Video Lecture - Tally ERP 9: Complete Training - Software Development

1. What is Tally.ERP 9 and how does it relate to company creation?
Ans. Tally.ERP 9 is a software used for accounting and business management. It allows users to create and manage company accounts, financial transactions, inventory, and more. Company creation in Tally.ERP 9 refers to the process of setting up a new company within the software, including defining company details, financial year, and other relevant information.
2. What are the steps involved in creating a company in Tally.ERP 9?
Ans. To create a company in Tally.ERP 9, follow these steps: 1. Open Tally.ERP 9 and go to the Gateway of Tally. 2. Select "Create Company" from the menu. 3. Enter the required details such as company name, address, financial year, and more. 4. Define the chart of accounts and financial statements according to your business requirements. 5. Set up inventory details if applicable. 6. Save and exit the company creation screen.
3. Can I create multiple companies in Tally.ERP 9?
Ans. Yes, Tally.ERP 9 allows you to create and manage multiple companies. Each company can have its own set of accounts, financial transactions, and inventory. To create a new company, follow the steps mentioned in the previous question.
4. Can I import data from another software into Tally.ERP 9 during company creation?
Ans. Yes, Tally.ERP 9 provides the option to import data from other software during company creation. You can import data such as ledgers, stock items, vouchers, and more using the various import options available in Tally.ERP 9. This helps in easy migration of data from existing systems to Tally.ERP 9.
5. Can I customize the company details and financial statements in Tally.ERP 9?
Ans. Yes, Tally.ERP 9 allows you to customize the company details and financial statements according to your business requirements. You can modify the company name, address, financial year, and other relevant details. Additionally, you can customize the chart of accounts, group names, and financial statement formats to suit your reporting needs. Tally.ERP 9 provides flexibility in adapting the software to different business structures and accounting standards.
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