Company Creation:

1. Gateway of Tally–>Company Info–>Create Company (or) Alt+F3
2. Company creation screen appears with the following options:
   1. Directory (i.e. folder) Default working folder of Tally in Windows7 or later systems: C:\users\public\Tally.ERP9\Data
   2. Primary mailing details
   3. Contact details
   4. Books and financial year details (Books beginning date must be later date from Financial year beginning date)
   5. Security control
   6. Base currency information
3. Press Enter or Tab to move to next option in the screen
4. Press Shift+Tab to move to previous option
5. Use arrow keys to navigate through sub-list
6. Press Space clear any data entry field

Shut/Deactivating company:

Alt+F3–>company info–>shut company

(or)

Alt+F1 to close active company

Activate company:

Press F1 (or) company info–>select company

Alter or modify company details:

Company info–>Alter–>select your required company

Backup/Restore:
Each company will be stored with an identification number in the data folder of Tally Software.  In case the data to be moved, software upgrading, formatting due to virus or working on more than one system without networking and also with single user version of Tally software we might have the need to take backup of our data.     
This feature helps the user who does not know much about windows operations like copying and paste from one memory to another to take backup and restore the backed-up data on his desired system.

Backup means creating a copy of data for recovery of unexpected data loss.

Restore means copying already copied data from memory device to working folder of Tally.

Delete company :

Company info–>Alter–>select your company–>press Alt+D (it can not be restored)

(or)

open data folder of tally and press delete key (it may be restored using recycle bin)

Where Company Data is stored?

Tally maintains default location to maintain all the data of your created companies.  The default location of data is c:\users\public\Tally.Erp9\data

But you can change the location at the time of creation of company.

Changing Data Configuration Settings: F12–>Data Configuration

Group Company:

The accounts of individual companies that belong to the same management can be consolidated to present a single financial report of the group of companies. You can view the performance of the group as a whole when required

Create Group Company option is available only when two or more companies are loaded.  A constituent company can be a member of more than one group.  A group company can also be a constituent of another group company.

Entering a transaction is possible only in the member companies, and not group company.  A group company can also be a constituent of another group company.

Reload the company to see the changes done to the group company.

Procedure to create Group Company:

• Alt+F3: Company Info–>Create Group Company
• Provide a name for the Group
• Select the member companies from the list of companies

Split Company

Sometimes you need to separate the different financial year data of active company.  During splitting new company will be created with the split data, the original data remains same.  Before splitting data it is necessary to backup data.

Procedure:

• Alt+F3 to open Company Info Menu
• Select Split company option
• Enter the beginning and ending dates for your desired period in the boxes.
• Choose yes to start spitting process