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. |
| 5. | Re-enter the password in the Repeat New Password field. |
| 6. | Once you encrypt the data, the company name no longer becomes visible to anyone and appears as shown below: |
| 7. | Now if you select the company, Tally will prompt you for the Tally Vault password. |
| 8. | By following the above procedure, one can ensure that data is kept confidential and is available only to administrator (initiator of the Tally Vault!). |
Changing Tally Vault Password
To change the Tally Vault Password of a company:
Go to Gateway of Tally, select F3: Cmp Info > Change Tally Vault
The procedure is the same as described in Enabling Tally Vault Password for Existing Companies. An additional field Current Password is displayed. Enter the existing password in this field. Enter the new password in the Repeat Password and Repeat New Password fields and save the changes.