How to Alter Company in Tally
In the fast-paced business world, it is not uncommon for companies to undergo changes, whether it’s due to expansion, rebranding, or a shift in business strategy. Tally, being a widely-used accounting software, provides a straightforward method to alter company details. This article will guide you through the process of how to alter company in Tally, ensuring that your business information remains up-to-date and accurate.
Step 1: Open Tally
To begin the process of altering company details in Tally, first, open the Tally software on your computer. If you haven’t already installed Tally, you can download it from the official website and install it on your system.
Step 2: Access Company Alteration
Once Tally is open, navigate to the ‘Company’ menu at the top of the screen. From the dropdown menu, select ‘Alter Company’. This will open a new window where you can make changes to your company details.
Step 3: Select the Company
In the ‘Alter Company’ window, you will see a list of companies created in Tally. Choose the company for which you want to make changes by clicking on it. If you have only one company, it will be selected by default.
Step 4: Edit Company Details
After selecting the company, you will be presented with various tabs to edit different aspects of your company. Here are some of the common details you can alter:
– Company Name: Change the name of your company if you have rebranded or want to update the name.
– Address: Update the address of your company, including the city, state, and country.
– Contact Information: Modify the contact details such as phone number, email, and website.
– Financial Year: Adjust the financial year to reflect any changes in your accounting period.
– Tax Information: Update the tax details, including GSTIN, PAN, and other relevant information.
Step 5: Save Changes
After making the necessary changes, click on the ‘Save’ button at the bottom of the window. Tally will prompt you to confirm the changes. Once confirmed, the alterations will be saved, and your company details will be updated.
Step 6: Verify Changes
To ensure that the changes have been applied correctly, navigate to the ‘Display Company’ option under the ‘Company’ menu. This will show you the updated company details, allowing you to verify that the alterations have been saved.
Conclusion
Altering company details in Tally is a simple and straightforward process. By following the steps outlined in this article, you can keep your company information up-to-date and maintain accurate records. Remember to save your changes and verify them to ensure that the alterations have been applied correctly.
