Tally & Accounting Course – Master Financial Management with Tally

Course Overview

Master the art of accounting and financial management with our comprehensive Tally & Accounting Course. This hands-on training covers everything from setting up Tally Prime to managing GST, financial reports, and payroll processing. Whether you’re a beginner or looking to enhance your skills, this course will equip you with the expertise to handle business transactions, taxation, and advanced financial analysis effectively.

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Course Outline

Day 1: Tally Prime Installation & Company Creation

⏳ Duration: 1 Hour

• Installation & Setup: Step-by-step guidance to install Tally Prime.
• Company Creation: Learn how to create a new company and configure settings.
• Security Settings: Set user access and security levels.

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Day 2: Screen Interface

• Dashboard Overview: Understand the Tally Prime interface.
• Navigation: Learn how to navigate through menus and options.
• Shortcut Keys: Master essential Tally shortcuts for quick access.

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Day 3: Basic Accounting Transactions & Business Transactions

• Journal Entries: Record and manage financial transactions.
• Sales & Purchase Entries: Create and manage invoices and purchase orders.
• Payment & Receipts: Handle cash and bank payments.
• Contra & Credit Notes: Record adjustments and financial corrections.

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Day 4: Basic Reports & Introduction to Inventory

• Financial Reports: Generate profit & loss, balance sheet, and cash flow reports.
• Inventory Management: Learn to manage stock levels and reorder points.
• Stock Entry: Create stock items and adjust inventory levels.

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Day 5: GST Introduction

• GST Basics: Learn the fundamentals of Goods and Services Tax (GST).
• Tax Categories: Understand CGST, SGST, and IGST.
• GST Compliance: Learn to stay compliant with tax regulations.

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Day 6: Adjustment of ITC Liable Payment

• ITC (Input Tax Credit): Understand how to adjust tax liability.
• Payment Adjustments: Handle GST payments and refunds.
• Journal Adjustments: Record tax credit adjustments.

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Day 7: GST Transaction & GST Report from Transaction

• GST Entries: Record GST-compliant sales and purchase entries.
• GST Report Generation: Generate detailed GST reports for filing.
• GST Reconciliation: Match GST reports with actual business transactions.

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Day 8: E-Way Bill & Banking

• E-Way Bill Generation: Create and manage E-Way bills for goods transportation.
• Bank Reconciliation: Reconcile bank statements with Tally data.
• Cheque Printing: Set up and print cheques directly from Tally.

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Day 9: Cost Centre & Interest Calculation

• Cost Centres: Set up and manage cost centres for expense tracking.
• Interest Calculation: Automate interest calculation on overdue invoices.
• Profit Centre Reports: Analyze profitability by cost centre.

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Day 10: Procurement Process & Sales Process

• Purchase Cycle: Record purchase orders, receipts, and payments.
• Sales Cycle: Create and manage sales invoices and receipts.
• Vendor & Customer Management: Maintain supplier and customer records.

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Day 11: Manufacturing Process

• Bill of Materials: Create BOM for manufactured goods.
• Production Entries: Record raw material consumption and production output.
• Job Work: Manage job work entries and outsourcing.

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Day 12: Item Cost Tracking & Batch Details

• Item Costing: Track cost of goods sold (COGS).
• Batch Management: Set up and manage stock batches.
• Stock Valuation: Generate stock valuation reports.

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Day 13: Price List

• Price Configuration: Set up price lists for products.
• Discount Management: Apply discounts based on customer type or order size.
• Multiple Price Lists: Create different price lists for different customer segments.

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Day 14: Multi-Currency & Scheme Discounts

• Multi-Currency Setup: Configure and manage foreign currency transactions.
• Exchange Rate Management: Adjust rates based on market value.
• Scheme Discounts: Apply promotional and seasonal discounts.

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Day 15: Actual Bill & Operating Expenses

• Expense Management: Record utility bills, rent, and other operating expenses.
• Vendor Payments: Automate vendor payments and set payment reminders.
• Cost Allocation: Allocate expenses to specific departments or projects.

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Day 16: Mixed Supply & Detailed GST Report

• Mixed Supply: Record bundled product transactions.
• Detailed GST Reports: Generate detailed GST summaries for audit and compliance.
• HSN/SAC Code Reporting: Report GST codes for accurate filing.

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Day 17: Payroll

• Employee Records: Create employee profiles in Tally.
• Salary Structure: Configure salary components (basic, allowances, deductions).
• Payroll Processing: Automate monthly salary disbursements.
• PF, ESI & TDS: Deduct employee benefits and statutory contributions.

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Day 18: TDS & MIS Reports

• TDS (Tax Deducted at Source): Set up and manage TDS entries.
• MIS Reports: Generate management information reports for financial analysis.
• Financial Insights: Analyze profit margins, expenses, and cash flow.

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What You’ll Learn

✅ Master the Tally Prime interface and settings.
✅ Efficiently manage accounting transactions and inventory.
✅ Handle GST, TDS, and payroll processing.
✅ Generate professional financial reports and insights.
✅ Manage multi-currency transactions and cost centres.
✅ Use Tally to automate business processes and reduce errors.