Maintaining, and recording of business information of any specific organization under a specific name is referred as an Accounting Unit. It might be a Limited Company, a Partnership Firm, a Proprietorship, a Trust, a Society, a College, or a School. And this is termed as Company in Tally.ERP 9 Accounting Package. Whatever the Accounting data that we wanted to record in this software, first we must give a name for the set of Accounting data or records.
Tally.ERP 9 supports to create unlimited Companies. Company will contain information about the enterprise of which the business accounts are recorded and maintained in the software like name, contact details, Book keeping system of the business.