Introduction to Tally Prime
Features of Tally Prime

• Downloading and Installation of Tally Prime
• Types of Licenses in Tally Prime
• Activate New License
• Reactivate License in Tally Prime
• Use License from Network in a Multiuser Environment

Working Tally Prime in Educational Mode

• Company Creation and Setting up Company Features in Tally Prime
• Getting Started with Tally Prime
• Navigating from Anywhere to Anywhere in Tally Prime
• F12 Configuration in Tally Prime
• Alter Company Details
• Shut the Company

Maintaining Chart of Accounts

• Introduction to Chart of Accounts
• Creation, Alteration & Deletion of Masters in Tally Prime (Both Accounting & Inventory)
• Multi-Masters Creation and Display.

Recording and Maintaining Accounting Transactions

• Recording Transactions in Tally
• Accounting Vouchers in Tally Prime.
• Recording Accounting Vouchers in Tally Prime (Receipt, Payment, Contra, Journal, Purchase, Sales, Debit Note and Credit Note).

Banking

• Banking Payments
• Cheque Printing (Both Single & Multiple Cheque Printing)
• Deposit Slip (Cheque/Cash)
• Payment Advice
• Bank Reconciliation (Auto/Manual)

Generating Financial Statements and MIS Reports

• Final Accounts Reports in TallyPrime (Introduction)
• Generating Financial Reports in TallyPrime. (Trial Balance, Profit and Loss Account, Balance Sheet, Cash Flow & Fund, Flow Analysis Report, Receipts and Payments)
• MIS Reports in Tally (Stock Summary Analysis, Daybook, Cash and Bank Book, Purchase Register, Sales Register, Journal Register).

Data Security

• Introduction
• Security Control
• Activation of Security Control
• Creation of Security Levels (User Roles)
• Creation of Users and Passwords for Company
• Accessing the company using Security Levels
• Auto Login
• Tally Vault

Company Data Management

• Backup & Restoring of Company Data
• Company Data Repair
• Migration of Tally.ERP 9 Company Data to TallyPrimepanies

Storage and Classification of inventory

• Introduction to Supply Chain
• Types of Suppliers
• Inventory Management
• Terms Used in Inventory Management (Theory Part)
• Inventory Masters in Tally Prime
• Creation of inventory Masters in Tally Prime
• Tracking of Movements of Goods in Batches/Lots
• Activation of Batches/Lots for Stock Items
• Allocation of Batch/Lots details in Purchase Invoice.
• Selling of Stock Items from Batch/Lots.
• Identifying the expired batch in sales invoice.
• Returning of expired batch stock items.
• Batch Reports
• Price Levels and Price Lists.
• Activating Price Lists and Defining of Price Levels
• Creation of Price List
• Price Level &Price List usage in Saks Voucher
• Revise Price List.

Accounts Receivable and Payable Management

• Accounts Payable and Receivable
• Maintain Bill-wise Entry
• Activation of Bill-wise Entry
• Specifying of Credit Limit for Parties (For Individual & Multiple Ledger)
• Sales Voucher Restriction based on Credit Limit.
• Splitting of Credit Sale into Multiple Bills
• Payment Performance of Debtors
• Bills Payable and Receivable Reports in Tally Prime
• Bills Receivable
• Ageing Analysis of Outstanding
• Generating Reminder Letter in Tally Prime
• Generating Confirmation of Accounts in Tally Prime
• Bills Settlement
• Bills Payables

Purchase and Sales Order Management

• Purchase Order Processing
• Recording Purchase Order
• Recording Receipt Note
• Recording Rejection Out
• Recording Purchase
• Recording Debit Note
• Recording Payment
• Sales Order Processing
• Recording Sales Order
• Recording Quotation
• Recording Delivery Note
• Recording Rejection In
• Recording Sales
• Recording Receipt
• Order Outstanding
• Purchase Order Outstanding
• Sales Order Outstanding
• Pre-Closure of Orders
• Reorder Level
• Display Reorder Status
• Godown Transfer in Tally Prime
• Tracking Additional Costs of Purchase
• Configuration of Additional Cost of Purchases in Tally Prime
• Cost/Profit Centres Management
• Cost Centre and Cost Categories
• Allocation of expenses to Multiple Cost Centres and Cost Categories.
• Cost Centre Reports

Budgets and Scenarios

• Introduction
• Creation of Budget
• Recording Transactions
• Display Budget and Variance report for Group Budget.
• Scenario Management Generating & Printing Reports
• Introduction to Reporting Information.
• On the Fly Reporting
• Inventory Report (Stock Summary, Godown wise stock availability, Moving Analysis, Stock Query)
• Financial Report (Profit/Loss Account and Balance Sheet)
• Books and Reports (Purchase & Sales Register)
• Printing of Invoice and Report