Tally- ERP

Best Tally Accounting Training Institute in Indore

Tally is a complete Enterprise Resource Planning system (ERP AND PRIME) with an excellent grip in accounting features. Although it has many more core features that a business requires but its hold in accounting is truly commendable. Therefore, it is known more for accounting rather than any other of its features. The reason for the recommendation of this course is because Tally does all the things that a business at a time of starting up requires. Like Accounting, Billing, Sales and profit analysis, Banking, Inventory, Taxation (GST, GSTR1, GSTR2, GSTR3B, GSTR4, VAT, CST, SERVICE TAX, EXCISE DUTY, CUSTOM DUTY, TDS, TCS, E- CHALLAN FORM).

WHAT IS TALLY ?

The word tally is short form of total accounting leading list year, with the help of this tool we can easily calculate and manage many transactions. Tally.Prime is a software with the help this tool we can manage many accounts and inventory and filing tax returns managing profit and loss statement also preparing a income and expenditure account and balance sheet proper statement , formation of trial balance ,outstanding reports ,sales and purchase of cash transactions etc.

Who Should Attend?

  • Accountants looking to enhance their skills
  • Business Owners who want to manage their finances more effectively
  • Finance Professionals seeking to streamline their workflow
  • Students aspiring to enter the field of accounting and finance

Prerequisites

  • Basic knowledge of accounting principles
  • Familiarity with accounting software (recommended but not required)

Course Outline

Module 1: Introduction to Tally Prime

  • Overview of Tally Prime
    • Key features and benefits
    • Navigating the Tally Prime interface
  • Setting Up Tally Prime
    • Installing and configuring Tally Prime
    • Company creation and configuration
    • Security and user management

Module 2: Accounting with Tally Prime

  • Fundamentals of Accounting in Tally Prime
    • Understanding ledgers and groups
    • Creating and managing ledgers
  • Voucher Entry and Management
    • Types of vouchers: sales, purchase, payment, receipt, contra, journal
    • Recording transactions and voucher customization
  • Bank Reconciliation
    • Importing bank statements
    • Automatic reconciliation process

Module 3: Inventory Management

  • Inventory Configuration
    • Creating stock groups, categories, and items
    • Setting up units of measure
  • Stock Management
    • Recording stock movements
    • Managing godowns and warehouses
    • Batch and expiry date management

Module 4: GST and Taxation

  • GST Configuration
    • Setting up GST in Tally Prime
    • Creating GST ledgers and items
  • GST Transactions
    • Recording GST-compliant transactions
    • Generating GST reports and returns
  • Tax Deducted at Source (TDS)
    • Configuring TDS
    • Recording TDS transactions

Module 5: Payroll Management

  • Payroll Setup
    • Configuring payroll in Tally Prime
    • Creating employee records and salary structures
  • Payroll Processing
    • Recording attendance and processing salaries
    • Generating payroll reports and payslips

Module 6: Advanced Features and Customization

  • Cost Centers and Cost Categories
    • Setting up and managing cost centers
    • Allocating expenses and revenues
  • Budgets and Scenarios
    • Creating and managing budgets
    • Analyzing variances with scenarios
  • Multi-Currency Management
    • Configuring multiple currencies
    • Recording foreign currency transactions

Module 7: Reporting and Analysis

  • Financial Reports
    • Generating and customizing financial statements
    • Balance sheet, profit & loss account, cash flow statement
  • MIS Reports
    • Creating management information system (MIS) reports
    • Analyzing business performance
  • Data Analysis and Auditing
    • Using audit features in Tally Prime
    • Conducting data analysis for decision-making

Module 8: Integration and Data Management

  • Data Import and Export
    • Importing data from Excel and other formats
    • Exporting data for reporting and analysis
  • Backup and Restore
    • Data backup procedures
    • Restoring data from backups
  • Synchronization
    • Synchronizing data across multiple locations
    • Managing remote access and collaboration

Course Duration

  • Total Duration: 90 hours
  • Schedule: Flexible timing options available

Certification

  • Upon successful completion, participants will receive a certificate of completion

Course Material

  • Comprehensive course materials and practice files
  • Access to recorded sessions for future reference
  • Real-world project scenarios and case studies