The different features of a company can be selected or modified by F11: Features button. This button is available in almost all screens of Tally as you might wish to modify it as your requirements change. Unlike F12: Configure, F11: Company Features is specific to the current company only. Therefore, each company may have different features active. For example, a company in your group may need multi-currency whereas another company may not.

The procedure for splitting financial years is as follows:

1. Go to Gateway of Tally, select F3: Cmp Info

2. Select Split Company Data.

3. Select the Company whose data is to be split from the List of Simple companies.

4. Tally recommends the split-off date based on the data existing. It is recommended that the Split from date is set as the beginning of the latest financial year though Tally permits any date.

Tally's flexible period less accounting permits entry of data for any number of years. This in itself has tremendous benefits. However, presence of old data in cases where they are voluminous causes greater overhead on the system. Splitting financial years enables you to retain most benefits while overcoming this overhead.

When you split the data, two things happen:

1. New companies are created for the respective split periods.

2. Full data is retained in the original company.

Important pre-split activity

It is preferable NOT to restore a backup onto the original data directory primarily to ensure that No data is overwritten unintentionally.

The procedure for restoring data is as follows

1. Go to Gateway of Tally, select F3: Cmp Info > Restore

2. The Restore Companies on Disk screen appears.

    

3. The Source and Destination paths displayed in the screen are those that were used last.

Restore literally means to bring back. Similar to backing up of data, Tally allows restoring of data from any medium into any other storage medium. The Restore Companies on Disk screen is displayed as shown below:

More:

Restoring Data:

Restore Precautions

Data on a computer is vulnerable to all types of difficulties. Considering the same, it is important that we do not overlook the importance of regular backing-up of data regardless of the stability of the database. With a little planning and forethought, we can ensure that maintenance of the important data is continuous and hassle-free.

The procedure for taking a backup is as follows

1. Go to Gateway of Tally, select F3: Cmp Info > Backup

2. The Backup Companies on Disk screen is displayed.

Tally has a flexible backup mechanism where in you can take a backup of the data from virtually any storage medium into any other medium.

The more commonly used media are floppy drive, hard disk drive, zip drive, tape drive, etc - installed either locally or on a network. In the backup screen, the source of the backup and the destination of where it has to be stored have to be given and Tally will do as required.

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Tally Vault password can be given in the Company Creation screen at the time of creating a company. For existing companies, which do not have a Tally Vault password, the procedure is:

1. Load the desired company

2. From Gateway of Tally, select F3: Cmp Info > Change Tally Vault.

3. The Change TallyVault screen is displayed prompting you to select the company from the List of Simple Companies in the Name field. Select the company from the list.

4. Enter the new Tally Vault password in the New Password field.