Creating Tally Vault for a Existing company

If Tally Vault Password is not entered at the time of company creation, it doesn't mean that the Tally Vault can no more be activated for that company. For an existing company first load the desired company then press Alt + F3 to open Company Info menu.


Then select the option Change TallyVault option. There you have to again select the company which you want to secure. Then you have to enter new Tally Vault Password and again give the same password in the field Repeat New Password.

Creating Tally Vault for a New Company

In order to create Tally Vault for a new company you have to enter the Tally Vault password at the company creation screen and again repeat the same in the field 'Repeat'. The password should not be the same as entered by the administrator. The Tally vaulted company will no longer be shown in the list of companies, instead of the name of the company asterisks(*) will be shown in order to denote that company.

If more than one Tally vaulted company then you have to identify the company by serial number.

Tally Vault

Tally Vault is another security feature in Tally. It ensures that under no circumstances the original information is available to anyone in any form. The decrypted form of data is never stored in the system so it is possible.To validate a new user without any prior knowledge of the original password it uses the 'non-stored password' mechanism. There can be only one user in Tally Vault company. It has no option to know the name of the company for which Tally Vault has been activated as it appears in asteriks.
These features show that Tally Vault becomes one of the most secure means of information storage.