Altering Company Details in Tally Prime

Tally Prime allows users to update or modify the details of an existing company as business requirements change. This step-by-step guide explains how to alter company details in Tally Prime, with a real-world example for clarity.

Step 1: Open Tally Prime

Launch Tally Prime from your computer. The Gateway of Tally screen will appear, showing the currently loaded company or companies.

Example: Priya, a boutique owner, opens Tally Prime to update her company's address after relocating her shop.

Step 2: Access the Company Alteration Menu

From the Gateway of Tally, press "Alt + F3" to open the "Company" menu. Select the "Alter" option from the menu.

Example: Priya selects the "Alter" option to modify her company details.

Step 3: Select the Company to Alter

A list of companies will be displayed if multiple companies are loaded in Tally Prime. Choose the company whose details you want to alter by using the arrow keys and pressing "Enter."

Example: Priya selects her company, "Priya’s Boutique," from the list to make changes.

Step 4: Update the Required Details

The Company Alteration screen will open, displaying all the existing details of the company. You can update any of the fields as needed, such as:

  • Company Name: Update the business name if it has changed.
  • Address: Modify the address to reflect a new location.
  • Contact Information: Update phone numbers or email addresses.
  • GSTIN: Change or correct the GST number if required.
  • Financial Year: Adjust the financial year start date if needed.

Example: Priya updates her company’s address from "123 Market Street" to "456 Fashion Avenue" to reflect her new shop location.

Step 5: Save the Changes

After making the necessary changes, press "Enter" repeatedly until Tally Prime prompts you to save the modifications. Confirm by selecting "Yes."

Example: Priya presses "Enter" to save the updated address for her boutique.

Step 6: Verify the Changes

Once the changes are saved, verify them by viewing the company details in the Gateway of Tally or by reopening the Company Alteration screen.

Example: Priya reopens the Company Alteration menu to ensure her new address is correctly updated.

Conclusion

Altering company details in Tally Prime is a straightforward process that allows businesses to keep their records accurate and up-to-date. By following these steps, you can make necessary updates to ensure that your Tally Prime setup reflects the current state of your business.




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