TALLY PRIME

Module -1: Basics of Commerce & Accounting

• What is Commerce?
• What is Accounting &
• Why Do We Need It
• Double Entry System
• Step-Structure
• Golden Rules of Accounts
• Importance of Accounting
• Bookkeeping vs Accounting
• Basic Terms Used in Accounting
• Accounting Standards

Module -2: Manual Accounting

• The 3 Step Journalizing Method
• Steps to Find Journal, Ledger, Trial Balance by Manually
• Steps to Find Final Accounts – Trading A/c, Profit & Loss A/c, Balance Sheet by Manually.

Module -3: Tally Prime Basics

• Overview on Tally: History, Advantages, Releases
• Create Your First Company
• Create, Alter, Shut, Delete, Default Loading Company
• TallyPrime: Predefined Vouchers
• Essentials for Passing Vouchers
• Traditional Recording Vs Smart Recording
• Tally Prime Single Entry Vs Double Entry

Module -4: Basic Business Transactions in TallyPrime

• Understanding Business Transactions
• Creating Accounting & Inventory Masters
• Recording Purchase & Sales Transactions
• Recording Payment & Receipt Transactions
• Recording Contra Transactions
• Recording Capital & Drawings Transactions
• Recording Settlement with Discount
• Recording Fixed Asset & Depreciation Transactions
• Practical Exercise
• Checking Accounting Reports

Module -5: Credit Limit

• Understanding Credit Limit & Credit Period
• Setting Credit Limit for Customer Ledger
• Recording Credit Sales
• Recording Receipts Against Outstanding
• Monitoring Customer Outstanding
• Handling Credit Limit Warning
• Practical Exercise
• Checking Outstanding & Credit Limit Reports

Module -6: Point of Sale(POS)

• Understanding Point of Sale (POS)
• Creating POS Invoice
• Applying Additional Charges & Round-Off
• Applying Discount in POS
• Recording Multiple Payment Modes
• Practical Exercise – POS with Parcel Charges
• Practical Exercise – POS with Discount & Multiple Payment Modes
• Checking POS Invoice & Sales Reports

Module -7: Batch-wise Details

• Understanding Batch-wise Inventory
• Creating Batch-wise Stock Items
• Recording Purchase with Batch Details
• Recording Sales with Batch Details
• Recording Manufacturing & Expiry Dates
• Tracking Batch-wise Stock
• Practical Exercise – Ice Cream Inventory
• Checking Batch-wise Stock & Expiry Reports

Module -8: Price List

• Understanding Price List & Price Levels
• Creating Price Levels
• Creating Price Lists for Stock Items
• Setting Season-wise Selling Prices
• Setting Customer & Quantity-wise Selling Prices
• Recording Sales Using Price Levels
• Verifying Automatic Price Selection
• Practical Exercise – Season-wise Price List
• Practical Exercise – Customer & Quantity-wise Price List
• Checking Sales & Price List Reports

Module -9: Maximum Retail Price (MRP)

• Understanding Maximum Retail Price (MRP)
• Creating Stock Items & Units
• Creating Bill of Materials (BOM)
• Recording Purchase of Raw Materials
• Manufacturing Finished Goods
• Allocating Manufacturing Expenses
• Calculating Effective Cost of Finished Goods
• Maintaining MRP for Finished Goods
• Practical Exercise – Newborn Baby Gift Pack
• Checking Stock & Costing Reports

Module -10: Actual Quantity Vs Billed Quantity

• Understanding Billed Quantity & Actual Quantity
• Recording Free Quantity in Purchases
• Recording Damaged Goods
• Calculating Actual Stock Quantity
• Recording Different Actual Bill Quantities
• Checking Stock Position
• Practical Exercise

Module -11: Cost Centre & Cost Category

• Understanding Cost Centre & Cost Category
• Creating Cost Categories
• Creating Cost Centres
• Creating Cost Centre Class
• Allocating Expenses by Ratio
• Recording Sales & Expense Transactions
• Viewing Cost Category Summary
• Practical Exercise

Module -12: Job Costing

• Understanding Job Costing
• Creating Job Costing Masters
• Recording Job-wise Material & Expenses
• Allocating Direct & Indirect Expenses
• Transferring Materials Between Jobs
• Recording Job-wise Sales & Receipts
• Calculating Job-wise Cost & Profitability
• Practical Exercise
• Checking Job Costing Reports

Module -13: Multi-Currency

• Understanding Multi-Currency
• Creating Foreign Currencies
• Setting Exchange Rates
• Creating Foreign Currency Ledgers
• Recording Foreign Currency Sales
• Recording Credit Period & Due Dates
• Tracking Foreign Currency Outstanding
• Practical Exercise
• Checking Foreign Currency Reports

Module -14: Order Processing

• Understanding Order Processing
• Recording Purchase Order
• Recording Receipt Note
• Recording Purchase Invoice
• Recording Sales Order
• Recording Delivery Note
• Recording Sales Invoice
• Recording Purchase Return
• Practical Exercise
• Checking Order & Inventory Reports

Module -15: Bank Reconciliation Statement (BRS)

• Understanding Bank Reconciliation Statement
• Recording Bank Receipts & Payments
• Understanding Bank Date & Book Date
• Updating Bank Dates in TallyPrime
• Recording Bank Charges
• Performing Bank Reconciliation
• Identifying Unreconciled Transactions
• Practical Exercise
• Checking Bank Reconciliation Report

Module -16: Interest Calculation

• Understanding Interest Receivable & Payable
• Setting Credit Period & Interest Rate
• Recording Credit Sales & Purchases
• Tracking Overdue Bills
• Calculating Interest on Outstanding Bills
• Viewing Interest Calculation Reports
• Settling Outstanding Amount with Interest
• Practical Exercise – Interest Receivable & Payable
• Checking Interest & Outstanding Reports

Module -17: Security Control & Audit Trail

• Understanding Security Control
• Creating Users & User Roles
• Setting User Access Rights
• Recording User-wise Transactions
• Understanding Audit Trail (Edit Log)
• Tracking Voucher Alterations
• Practical Exercise
• Checking User Activity & Audit Reports

Module -18: Payroll

• Understanding Payroll
• Creating Employee Groups & Employee Masters
• Creating Payroll Pay Heads
• Defining Salary Structures
• Recording Employee Attendance & Overtime
• Processing Employee Salaries
• Recording Salary Payment
• Generating Pay Sheet & Pay Slip
• Generating Payroll Statement & Payment Advice
• Practical Exercise

Module -19: Basics of GST

• What is GST: A Short Introduction to GST
• GST Classifications and Place of Supply
• Know Your PAN & GST Number
• Know About HSN & SAC Codes
• Know Difference between Taxable, Exempted, Nil Rated
• Types of GST Registrations & Their Applicable Returns

Module -20: Billing in TallyPrime With GST

• Recording GST Purchases & Sales
• Recording GST with Auto Billing
• GST Rates Configuration on Different Levels
• GST Rates Based On Product Price
• Recording GST Services
• Recording GST Expenses

Module -21: GST Filling

• Understanding GST Returns
• GST Tax alculationiguring & Adjustments
• Preparing GSTR-1 Data
• Understanding GST Returns
• GST Tax Calculation & Adjustments
• Preparing GSTR-1 Data
• Understanding GSTR-2A
• Understanding GSTR-2B
• Reconciling Purchase Data with GSTR-2B
• Preparing GSTR-3B Data
• Checking GST Reports in Tally Prime