Company Management in TallyPrime
Create, set up, secure, and manage your companies in TallyPrime with confidence. From creating a new company and configuring business-specific features to consolidating multiple companies, securing data with TallyVault, and tracking critical changes through audit controls, Company Management provides everything you need to establish and govern your business data.
Creating & Setting Up the Company
Create a company and define essential business details such as company information, contact details, financial year, security settings, base currency, and data storage location. You can configure user access control and prepare the company for recording transactions and generating reports. If you are on TallyPrime 2.1 & later, you can also enable Edit Log.
Managing Multiple Companies with Group Company
If your business operates through branches, subsidiaries, or sister concerns, create a Group Company to consolidate financial information across multiple companies. View combined reports, compare company performance, and analyse business-wide financial data without affecting individual company records.
Setting Up Essential Company Features
Enable and customise features that match your business requirements. Set up accounting, inventory, taxation, payroll, online access, cost tracking, bill-wise management, GST, TDS, and several other capabilities that help tailor TallyPrime to your business practices.
Securing Company Data with TallyVault
Secure sensitive business information by encrypting company data using TallyVault. Set up a TallyVault password and change periodically to prevent unauthorised access and ensure that transaction details and company information remain protected.
Monitoring Data Changes with Tally Audit
Track alterations made to vouchers, ledgers, and other business records using Tally Audit. Review audit statistics, identify modified transactions, verify changes, and maintain accountability through comprehensive audit trails and user-wise activity monitoring.
