LEVEL 1 

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 TallyPrime

LEVEL 2

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

LEVEL: 3

GOODS AND SERVICE TAX

 Introduction to GST

• GST Registration
• GST Tax Structure
• Manage HSN/SAC CODE.
• Determination of Tax
• Supply of Goods and Services
• Invoicing
• Input Tax Credit

 E-Way Bill

• Component. of E-Way Bill
• Who must generate E-Way Bill
• Validity of E-Way Bill
• E-Way Bill Process Flow

GST e-Invoicing

• Benefits of e-Invoicing the business
• Date of implementing GST e-invoicing
• Entities exempted for e-Invoices
• Generating E-Way bill with e-Invoice
• Modification of e-Invoice
• Role of e-invoice in GST Returns
• Various mode of generating e-invoice
• Role of IRP in e-Invoice
• The practice of Generating GST e-Invoice
• e-Invoice Details
• Invoice Reference Number (IRN)

GST in Tally Prime

• Creation of Company and Activating GST
• Introducing Capital into the Business
• Creation of Masters in Tally Prime.

Hierarchy of Calculating Tax in Transactions

• Defining GST Rates at Company Level, Stock Group Level, Stock Item Level, Accounting Group Level, Ledger level and Transaction Level.

Recording GST compliant transactions

• Intrastate Supply of Goods & Services
• Interstate Supply of Goods & Services
• Purchase and Sales Returns of Goods with GST
• Supplies Inclusive of Tax.

E-Way Bill Report in Tally

• Export for e-Way Bill Report
• Exporting Bulk or Consolidated c-Way Bill i n voices
• Update e-Way Bill Information

Input Tax Credit Set Off against Liability

• Adjusting Input Tax Credit against Tax Liability.

GST Tax Payment

• Timeline for payment t of GST tax
• Modes of Payment
• Challan Reconciliation

Generating GST Returns for Regular Dealer in Tally

• GSTR-1
• GSTR-3B
• GSTR-9 -GST Annual Computation.

Filing GST Returns in Tally

• Filing GSTR-1 Returns
• Filing GSTR-3B Returns
• Filing GSTR-9 -GST Annual Computation Returns.

 Generating e-invoice in Tally Prime

• Recording Outward Supply and Generating e-invoice without c-\’\lay Bill
• Recording Outward Supply and Generating e- Invoice with e-Way Bill
• E-invoice Report.

Quarterly Return Monthly Payment Scheme

• Creation of Company and Activating GST in TallyPrime
• Accounting Intrastate Supply of Goods & Services
• Input Tax Credit Set Off against Liability and Tax Payment
• Invoice Furnishing Facility (IFF) in QRMP scheme.

Composition Dealer under GST Regime

• Introduction
• Conditions to be satisfied under the scheme
• Creation of Company and Activating GST in TallyPrime
• Accounting Intrastate and Interstate Supply of Goods
• Generating GST Returns for Composition Dealer in Tally
• GST Tax Payment.

TAX DEDUCTED AT SOURCE (TDS)

Introduction

• Introduction to TDS
• Basic Concepts of TDS
• TDS Process
• TDS in TallyPrime
• Activation of TDS in TallyPrime
• TDS Statutory Masters

Configuration of TDS at Different levels

• Configuration of TDS at Group level and Ledger level.

Recording TDS Compliant Transactions in TallyPrime

• Expenses Partly Subject to TDS
• Booking Expenses and ‘T’DS deduction on crossing Exemption Limit
• Accounting Multiple Expenses and Deducting TDS later
• TDS on Expenses at Lower and Zero Rate
• TDS on Expenses at Higher Rate
• Recording Transaction when TDS Exemption Limit is not crossed

TDS Exceptions

TDS Payment to Department

• Resolving Uncertain Transaction.
• TDS Outstanding
• Payment of Tax to the Income Tax Department
• Generating TDS Challan (ITNS 281)
• Interest Payment to Income Tax Department on Delayed Tax Payment

TDS Report

• Challan Reconciliation
• Form 26Q
• E-Return
• Changes in TDS rates from 1″ April 2021

Management of Business Data

• Exporting of data in available formats
• Export and Import of Data

Export and Import of Data

• Export and Import of Masters from one company to another in XML format
• Export and Import of Transactions from one company to another in XML format
• Exporting Reports to MS Excel
• Exporting Reports to PDF

Open Database Connectivity (ODBC)

Printing of Company Logo on Vouchers, Invoices & Reports.

Moving to the Next Financial Year

• Changing Current Period and continue voucher entry in the same company data
• Company data handling through Export and Import of data
• Split Company Data
• Create a new company and maintain books of accounts for the new financial year
• Creating Group Company Data
• Comparative Final Accounts Reports of Two Companies

• E-Money concept
• Internet Banking
• Mobile Banking
• E-Wallet
• Unified Payment Interface (UPI)
• Point of Sale
• Aadhar Enabled Payment Service (AEPS)
• Unstructured Supplementary Service Data (USSD)

• Registration
• Application for filing clarifications

• Definition
• History and evaluation of ERP
• Major ERP Vendors
• ERP Merits & De-merits
• ERP implementation method

• ERP modules – an overview
• Introduction to Finance Module
• Sub systems of finance module

• Enterprise structure settings
• Company and Company code
• Business Area
• Functional Area
• Credit control Area

• Fiscal Year
• Posting Periods
• Field status variant
• Tolerance group
• Document Type
• Number Range
• Posting Keys
• Account type and Line item.

• Chart of accounts
• Accounting Groups and Number Ranges
• Retain Earning Account
• GL Master Records
• GL Document Entry

• Vendor Account Group
• Vendor Tolerance Group
• Number Ranges for Vendor Account Groups
• Vendor Reconciliation Account.
• Vendor Master Records
• Payment Terms for vendor
• Alternative Reconciliation Account.
• Automatic Posting and Automatic Payment Program
• House Bank
• Check Lots
• Vendor Payment Posting
• Post Purchase activities

• Customer Account Group
• Customer Tolerance Group
• Customer Reconciliation Account
• Customer Master Records.
• Dunning Procedure
• Bill of Exchange

• Chart of Depreciation
• Depreciation Area
• Account Determination
• Screen Layout Rule
• Number Range Interval
• Asset Class
• Base Method
• Declaiming balance Method
• Multi- level Method
• Period Control Method
• Depreciation Key
• Asset Master

• Portfolio construction
• Selection of Portfolio
• Markowitz and Sharp index model
• Capital Assets & Arbitrage Pricing Theory
• Portfolio evaluation

• Concept of HR Management
• HR Policies
• Process of HR Planning
• HR Recruitment
• HR Training
• Job evaluation
• Punishment and Penalties
• Human Resources Information System
• Human Resources Audit and its objectives

• MRP Methodology
• Lot sizing and Safety stock
• Data Requirement and Management
• Resources requirement planning

• Procedures and documentation in international trade
• ITC HS Classification system
• Role of International Chamber of Commerce
• Features of INCOTERMS
• Processing an export order
• Shipping and custom clearance of export and import cargo
• Export custom procedures at ICD/seaport
• Recoverable and irrecoverable credit
• Export Finance
• Export route through STC/MMTC/other export houses
• Export credits against proceeds
• Role of Export-Import Bank of India
• Export Credit Guarantee Corporation
• Export Promotion
• Additional special import license

• Investments
• Stock broker
• DEMAT Account – Premium issues of shares
• Stock Markets
• Online share trading