Tally
Company Creation
Definition
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4 Related Terms
What is Company Creation?
Company Creation in Tally is the process of setting up a new business entity with essential details like company name, address, financial year, base currency, books beginning date, and taxation features. Each company maintains separate books of accounts, masters, and transactions. Tally allows managing multiple companies simultaneously with quick switching between them. Proper company creation with correct settings ensures smooth accounting operations from the start.
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