Create a company. In order to use Tally, you will need to create a company in the program. Even if you aren't using tally professionally, you still need to create a company. In the opening menu, select "Create Company". This will take you to the Company Creation screen, which will allow you to enter in your company details.
Enter in your company name as it appears on your banking records.
Enter your company address, statutory compliance, telephone number, and email
Turn on "Auto Backup" to ensure that a copy of all your work is saved in case something happens to the original.
Choose your currency.
If you are using Tally to just manage your accounts, select "Accounts info" in the Maintain menu. If you are using Tally for inventory management as well, select "Accounts with inventory".
Enter the start of your financial year and the start date for the books.
