Tally Essential

Flagship Course

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ABOUT THE COURSE


If you are a beginner in the Accounting and Finance domain, then TallyEssential is the course designed for your career growth. It covers topics from basic to intermediate Financial Accounting concepts.

The various concepts explained through illustrations, self-learning videos and real-life industry-based scenarios help establish a strong foundation for your Accounting and Financial career.

The course will help you understand how to perform basic to intermediate Accounting, Inventory and Basic Taxation, GST Training on Tally Prime, TDS Training on Tally Prime, and Simplification of Company Books of Accounts to name a few. The practical applications will be done on the new TallyPrime software to keep you at par with the new releases. To join this course Gait Infotech is the best option for you.

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COURSE DETAIL

TallyEssential course covers topics from basic to intermediate financial accounting concepts. It is available in three levels. Enclosed below are the topic details covered under each level:

Level 1 (Recording & Reporting)

Chapter 1: Fundamentals of Accounting
This chapter summarizes the Fundamentals of Accountancy, starting with the accounting terms, concepts, right up to the double entry system of accounting. It explains the need and usage of Golden Rules of Accounting in the books of accounting and recording the business transactions.
Chapter 2: Introduction to TallyPrime
This introductory chapter on Accounting using Tally explains how simple it is to download and install Tally in the system. This chapter helps you understand the simplest way of creating a company and the company features and configurations.
Chapter 3: Maintaining Chart of Accounts
This chapter shows you how simple it is to create, alter and display the Chart of Accounts such as Ledgers, Groups, Stock Items and Units of Measure Creation.
Chapter 4: Recording and Maintaining Accounting Transactions
This chapter covers how to record transactions such as Receipt, Contra, Payment, Purchase, Sales, Debit Note, Credit Note, and Journal Vouchers with practical scenarios.
Chapter 5: Goods and Services Tax
The chapter includes the introduction of GST, GST in TallyPrime, Recording GST compliant transactions, Input Tax Credit Set Off against Liability, GST Tax Payment and Generating GST Returns for Regular Dealer in Tally.
Chapter 6: Banking
This chapter covers the basic Banking Feature, Cheque Printing, Bank Reconciliation, Generating Deposit Slips including Payment Advice.
Chapter 7: Generating Financial Statements and MIS Reports
This chapter covers all MIS reports in Tally; Trail Balance, Balance Sheet, Profit and Loss account, Cash Flow Statement, Ratio Analysis, Daybook, Receipts and Payments, Purchase and Sales Register including Inventory Reports.
Chapter 8: Data Security
This chapter covers Securing Financial Information of the Company, Creating Security Control, User Roles, Creation of Users and Change User.
Chapter 9: Company Data Management
This chapter covers how to securely take company data and restore without any data loss.

Level 2 (Accounts Payable And Receivable)

Chapter 1: Storage and Classification of Inventory
This chapter helps you understand the meaning and types of inventories. Also covers the creation of inventory masters such as Stock Groups, Stock Category, Warehouse and Batches.
Chapter 2: Accounts Receivable and Payable Management
This chapter covers the fundamentals and concepts of Outstanding Management, Enabling Bill-wise practical business scenarios on the given references such as, New Reference, Against Reference, Advance Reference, On account Reference with illustrations along with Bill Settlement and Credit Limit feature.
Chapter 3: Purchase and Sales Order Management
This chapter covers Management of Sales and Purchase Cycle, Placing an Order, Handling Rejections, Raising an Invoice against the order and complete it with receipts and payments.
Chapter 4: Tracking Additional Costs of Purchase
This chapter covers how to maintain additional costs incurred on purchase of stock.
Chapter 5: Goods and Services Tax
The chapter includes Recording GST-compliant transactions, E-Way Bill Report in Tally, Input Tax Credit Set Off against Liability, GST Tax Payment amongst other topics.
Chapter 5: Cost/Profit Centres Management
This chapter covers how to allocate expenses and incomes to different cost unit of the organization, automation of allocation of cost centre by creating cost centre classes in Tally and updating the reports instantly, once after recording the transactions.
Chapter 6: Budgets and Scenarios
This chapter covers how to maintain Budgets & Scenario Management in Tally
Chapter 7: Generating and Printing Reports
This chapter covers how to generate and print all Books and Registers in Tally including Inventory Reports.

Level 3 (Taxation And Compliance)

Chapter 1: Goods and Services Tax
This chapter covers Goods and Services Tax and enables recording intrastate and interstate transactions, purchase and sales return transaction with GST supplies inclusive of tax, purchase from composition dealer, exports and supply of exempted goods along with the procedure of adjusting input credit against available liability making tax payment to the government, generating GSTR-1 and GSTR-3B in Tally. This chapter also explains the composition dealer basic transactions and generating returns.
Chapter 2: Tax Deducted at Source
This chapter covers Tax Deducted at Source and enables configuring TDS at different levels and record Basic TDS transactions, TDS payment to government, generating TDS challan and generating TDS reports.
Chapter 3: Management of Business Data
This chapter covers Export and Import, and Open Database Connectivity (ODBC).
Chapter 4: Moving to the Next Financial Year
This chapter covers Export and Import, Splitting Company, and Group Company.

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