Accounting Using Tally Prime

Self-Paced

Fee: ₹4,500

Priya Soni | Instructor BFSI

This course is designed to help and understand the basics of accounting using Tally Prime, a powerful accounting software widely used in industry. The primary objective of this course is to provide the learners with insights and in-depth knowledge of Tally software and its applications. It will also develop an understanding of modern technology, the importance of accountants, tally experts, audit officers, and customer needs and expectations. In this course, you will learn about basic accounting, accounting using Tally Prime, accounting with inventory using Tally Prime, and GST using Tally Prime. It will also get hands-on practice through case studies. The course content is available in Hinglish, a combination of Hindi and English, and is delivered through video tutorials by subject experts. The mode of delivery is online self- paced learning, giving you the flexibility to learn at your own pace and convenience. The course includes self-reading learning material, assessment quizzes, assignments (work sheets), and a project. On successful completion of the course, learners will receive a certificate of completion. After completing this course, they will be equipped with the skills and knowledge required to gain jobs as an accounting clerk, accounting associate, accounting assistant, accounting executive, accounting officer, accounting supervisor, tally operator, tally accounts executive, or tally junior accountant.

Objectives

This course aims to provide students with a comprehensive understanding of basic accounting principles and practices. The course will cover topics such as the accounting cycle, financial statements, and ledger maintenance. The course will also equip students with the practical skills needed to use Tally Prime software for accounting, including features such as ledger creation, voucher entry, and generating financial reports. Furthermore, the course will cover the use of Tally Prime for accounting with inventory, including features such as inventory management, stock valuation, and invoicing. The course will also delve into the implementation of GST using Tally Prime, including the basics of GST, GST accounting, and GST compliance. Lastly, the course will provide a real-world application of the concepts learned through a case study, enabling students to apply their knowledge to a practical scenario. By the end of this course, students will have a solid foundation in accounting principles, practical skills in using Tally Prime for accounting and inventory, knowledge of GST implementation, and the ability to apply their knowledge to a real-world scenario.

Understand the fundamental concepts of basic accounting, including the accounting equation, double-entry accounting, and financial statements.

Demonstrate proficiency in using Tally Prime for accounting purposes, including creating and managing accounts, entering transactions, and generating reports.

Develop an understanding of how to use Tally Prime for accounting with inventory management, including creating inventory items, recording transactions, and generating inventory reports.

Understand the basics of GST (Goods and Services Tax) and how it is applied in accounting, including how to record GST transactions and generate GST reports using Tally Prime.

Analyze real-life scenarios and apply the knowledge gained in the course to solve complex accounting problems using Tally Prime.

Build problem-solving skills and enhance critical thinking abilities through analyzing case studies in point that require the application of Tally Prime accounting software.

What Will You Learn

After completing the accounting course using Tally Prime, the learners will gain the knowledge and skills in several areas of accounting. Firstly, the learners will have a solid understanding of basic accounting principles, including the accounting equation, types of accounts, and financial statements. Next, the learners will learn to use Tally Prime software for accounting purposes. In addition to basic accounting and Tally Prime usage, the learners will learn about accounting with inventory using Tally Prime. Another important topic covered in the course is GST using Tally Prime. Also, the learners will gain knowledge on different GST rates and how to apply them to transactions. Finally, the course includes a case study that will allow the learners to apply the concepts which they have learned in a real-world scenario. Overall, the Accounting using Tally Prime course provides a comprehensive foundation in accounting principles, Tally Prime software usage, inventory management, GST compliance, and practical application through a case study.

Skills you will gain

Technical knowledge

Audit Skill

Account management

Financial Analyst

Book-keeping

Taxation

Inventory Management

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Prepare for your career path

Tally is computer software which is widely used for accounting purposes mostly by small and medium business. However, there are even other features of tally but it is popularly known as an accounting software. After the release of Tally ERP version, this software is not just accounting software. The ERP (Enterprise Resource Planning) version fully transformed the definition of Tally software. Now, this software is used for Accounting, Payroll, Billing, Sales and Profit Analysis, Auditing Banking Inventory, Taxation such as VAT, TDS, TCS and GST

Key Skills to Learn

Technical Knowledge, Sales policy and procedure, Customer need, Business strategy etc.

Jobs in India

1.7 L per year

Average Salary

3.5 Lakhs

Job Growth

47%

Companies looking for Account manager, Senior Accountant

and many more

Curriculum

Basic Accounting
- Meaning of Accounting
- Terminologies used in Accounting
- Concepts of Accounting
- Double Entry System of Accounting
- Golden Rules of Accounting
- Uses of Debit and Credit
- Meaning of accounting Journal with format
- Recording of Business Transactions,Journalising Transactions - Part 1 (Business start entry)
- Recording of Business Transactions,Journalising Transactions-Part 2 (Cash Purchase of goods)
- Recording of Business Transactions,Journalising Transactions-Part 3 (Credit Purchase of goods)
- Recording of Business Transactions,Journalising Transactions-Part 4( Credit Sales of goods)
- Recording of Business Transactions,Journalising Transactions-Part 5( Cash Sales of goods)
- Recording of Business Transactions,Journalising Transactions-Part 6 ( Bank Transactions)
- Recording of Business Transactions,Journalising Transactions-Part 7 ( Paid Expenses)
- Recording of Business Transactions,Journalising Transactions-Part 8 (Received Incomes)
- Recording of Business Transactions,Journalising Transactions-Part 9 (Trade Discount )
- Recording of Business Transactions,Journalising Transactions-Part 10 (Cash Discount)
- Recording of Business Transactions,Journalising Transactions-Part 11 (Five condition when Purchase Account credit)
- Cash Book meaning with format
- Cash Book in tally prime
- Trial Balance Meaning with format
- Trial Balance in Tally prime
- Trading Account Meaning with format
- Trading Account in tally prime
- Profit & Loss Account meaning with formate
- Profit & Loss Account in tally prime
- Balance sheet meaning with formate
- Balance sheet in tally prime

Accounting using Tally Prime
- Introduction of Tally Prime
- Features of TallyPrime
- Versions of Tally
- Downloading and Installation of Tally Prime
- Working Tally Prime in Educational Mode , Company Creation and Setting up Company Features in Tally Prime
- Alter Company Details
- Shut the Company
- Masters in TallyPrime - Accounting Masters (part-1) group meaning and ledger meaning
- Creation of Masters in TallyPrime - Accounting Masters (part-2) group creation
- Creation of Masters in TallyPrime - Accounting Masters (part-3) ledger creation
- Alteration of Masters in TallyPrime
- Deletion of Masters in TallyPrime
- Multi-Masters Creation and Display of Chart of Accounts
- Backup of Company Data, Restoring of Company Data (meaning)
- Backup and Restoring of Company Data in tally

Accounting with Inventory using Tally Prime
- Inventory Management ,Terms Used in Inventory Management ( stock group ,unit of measure,stock item, stock category)
- Creation of Inventory Masters in Tally Prime (stock group ,unit of measure, stock item, stock category)
- Accounts Receivable and Payable Management
- Recording Purchase Voucher and Recording Debit Note Voucher
- Recording Sales Voucher and Recording Credit Note Voucher
- Godown meaning
- Godown creation and Godown Transfer in Tally Prime
- Cost Centre meaning
- Activation and creation of Cost Centre ,Allocation of Expenses and Incomes using Cost Centre
- Cost Centre Classes Cost Centre Reports, Category Summary
  
  0:10:14
- Budget meaning
- Creation of Budget, Recording Transactions
- Display Budgets and Variances Reports for Group Budget
- GST Modes of Payment
- Direct Tax and Indirect Tax system in India
- Introduction to TDS , Basic Concepts of TDS
- TDS in Tally Prime, Activation of TDS in TallyPrime, TDS Statutory Masters

GST using Tally Prime
- Introduction to GST , Why GST
- GST Tax Structure
- Supply of Goods and Services
- Debit Note, Credit Note/Supplementary Invoice
- Input Tax Credit
- E-Way Bill, Components of E-Way Bill
- Who must generate E-Way Bill ,Validity of E-Way Bill
- Creation of Company and Activating GST
- Creation of Company and Activating GST,Creation of Masters in TallyPrime
- Defining GST Rates at Stock Group Level, Defining GST Rates at Stock Item Level, Defining GST Rates at Accounting Group Level, Defining GST Rates at Ledger Level,
- Meaning of composition Dealer under GST Regime
- Composition Dealer under GST Regime ( Practical )
- Composition Dealer under GST Regime ( Practical )
- GST Modes of Payment
- Direct Tax and Indirect Tax system in India
- Introduction to TDS , Basic Concepts of TDS
- TDS in TallyPrime, Activation of TDS in TallyPrime, TDS Statutory Masters

Case Study
- Basic Journal Enrty -1
- Basic Journal Entry -2
- Basic Journal Entry -3
- Basic Journal Entry -4
- Compound Journal Entry -5
- Compound Journal Entry -6
- Five conditions when purchase account credit
- Cost center practical
- Budget Creation and analysis
- Cash book enrty-1
- Cash book enrty-2
- Stock purchase entry - unit use (numbers)
- Stock purchase entry - unit use (kilo gram)
- Stock purchase entry - unit use (meter)
- Stock purchase entry - unit use ( bottels)
- Stock purchase entry - unit use ( packets)
- Stock sales entry - unit use (numbers)
- Stock sales entry - unit use (kilo gram)
- Stock sales entry - unit use ( meter)
- Stock sales entry - unit use ( bottles)
- Stock sales entry - unit use ( packets)
- Stock category purchase entry ( category - inches screen)
- Stock category purchase entry ( category - color)
- Stock category purchase entry ( category - size)
- Stock category sales entry ( category - inches screen)
- Stock category sales entry ( category - color)
- Stock category sales entry ( category - size)
- Intra State Purchase Of Goods With Gst -5% Tax Rate
- Intra State Purchase Of Goods With Gst -12% Tax Rate
- Intra State Purchase Of Goods With Gst -18% Tax Rate
- Intra State Purchase Of Goods With Gst -28% Tax Rate
- Intra State Sales Of Goods With Gst -5% Tax Rate
- Intra State Sales of Goods with Gst -12% Tax Rate
- Intra State Sales Of Goods With Gst -18% Tax Rate
- Intra State Sales Of Goods With Gst -28% Tax Rate
- Interstate purchase of goods with gst -5% tax rate
- Interstate purchase of goods with gst -12% tax rate
- Interstate purchase of goods with gst -18% tax rate
- Interstate purchase of goods with gst -28% tax rate
- Interstate sales of goods with gst -5% tax rate
- Interstate sales of goods with gst -12% tax rate
- Interstate sales of goods with gst -18% tax rate
- Interstate sales of goods with gst -28% tax rate
- Interstate purchase of services with GST
- Interstate sales of services with GST
- Intra state purchase of services with GST
- Intra state sales of services with GST
- Recording TDS Transactions in tally prime
- stock purchase entry with seprate discount column in invoice
- Point of sales entry

Instructor

Priya Soni

Instructor

BFSI

I have 8+ Years of experience in Training for Tally Programs in Various Organizations. Tally, Banking & Accounting Trainer in Smita Institute for VTP Program Trainer in Smita Institute for National Digital Literacy Mission (NDLM). Assessor in Sai Graphics Assessing Body for Tally, Banking & Accounting Trade. Assistant Coordinator in Sai Graphics Assessing Body for Pan India All Trade Assessment (NCVT, MES SDIS PROJECT for DGE &T Govt. Of India), Responsibility Included Career Counselling for Tally, Banking & Accounting. 25000 Students Trained by me till Date in Various Projects and Skill Programs Created Digital Content for The Tally Program During the Duration of Covid-19(Lockdown).

5.0 25000 Learners

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