• 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

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