How to Delete a Company in Tally

 

Introduction

Deleting a company in Tally is as simple as deleting a voucher but still many people are confused or they do not know how to delete a company in Tally because there is no specific option in Tally to delete a company. So, you can delete a company in Tally but you can’t find the option. You can also say that there is a hidden option. To delete anything you create in Tally, there is one command or option you have to select. That is ALT+D. D for Delete. Whether you create vouchers or you create ledgers or you pass entries, press ALT+D and it will get deleted. The same is the case with the company deletion process.

Before you delete a company

Deleting a company is as easy as deleting a picture from your phone. But certain important things need to be taken care of before you delete an entire company otherwise you will later regret a lot. Because prevention is better than cure.

1. Don’t delete a company for changing the year

There is no need to delete a company for changing your financial year. You can easily change the year by pressing ALT+F2 from the Gateway of Tally. After pressing Alt+F2 the following window will open:


Otherwise, you can click the Period button from the right hand side in Tally.


Many people, when they want to change the year or start a new company, they delete the earlier company. This is not the right way to do it.

2. Check the Company before you delete it

It is always better to check the company before you delete it. By checking means check the Balance Sheet, Profit and Loss account and other reports as well as entries. By this, you just need to verify whether there is any important information that you need or would require in the future from this company. You may not need it right now but you may need it later on. So, check before you delete. 

3. Keep the backup

Keep the backup of the company although you do not need it. Because you may not need the information or the entire company’s data right now but who knows in future you may need it. Always keep the backup. Then delete the company with full confidence.

These were the things you need to take care of before deleting a company. Following are the steps to delete a company.

Steps to delete a company in Tally

Here are the steps for deleting a company in Tally.

1. Go to Gateway of Tally

2. Press ALT+F3 or click on Comp. Info. from Gateway of Tally. That will take you to Company Info. menu.


3. In the Company Info. Menu. Select Alter from the menu or simply press ‘A’.

Note: ‘A’ is a shortcut to alter the company.

4. Now, you will see a list of companies which are present in Tally on your computer. Select the one which you want to delete and press Enter.


5. You will see a Company Alteration screen. It is just like the screen when you first created a company.


A quick note: If you want to edit something like Name, address or other details, you forgot or you typed in wrong while creating a company, you can do it here.

Now, here comes to the main point and that is to deleting a company.

6. Press ALT+D. Tally will ask you YES or NO for your confirmation.


7. Press Enter (Yes) and it will ask you once again. Are you Sure?


8. Press Enter and your company is deleted. You can not see the company name on the Tally home page.


9. If click on Select Company in the Gateway of Tally


10. ‘No Companies on Disk!’ message display



This is how you can delete a company in Tally. The process is simple and easy but the lack of display of an option makes it difficult to understand it and find it.

You can also see the video regarding 'How to Delete a Company in Tally '

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