CERTIFICATE IN TALLY PRIME ( M-TALLY031 )

1. Introduction to Tally

• Overview of Tally software and its uses

• Installation and configuration of Tally

• Navigating the Tally interface

• Creating and managing company profiles

• Basic functionalities: Data entry, saving, and reporting

2. Accounting Concepts

• Basic accounting principles: Double-entry system

• Types of accounts: Personal, Real, and Nominal

• Understanding the accounting equation (Assets = Liabilities + Equity)

• Debit and Credit rules

• Financial statements: Income Statement and Balance Sheet

3. Chart of Accounts & Inventory Masters

• Understanding the Chart of Accounts (COA)

• Creating and maintaining COA in Tally

• Defining and managing inventory masters (Stock Groups, Stock Categories)

• Stock Items and Units of Measure

• Managing item details (Description, Rates, Units)

4. Stock Categories & Material Transfers

• Introduction to Stock Categories

• Creating and managing Stock Categories in Tally

• Material transfers between Godowns

• Handling stock movement and maintaining stock records

• Stock valuation methods in Tally

5. Purchase and Sales Returns

• Recording and managing purchase returns (credit notes)

• Recording and managing sales returns (debit notes)

• Adjusting accounts for returns in Tally

• Generating reports related to purchase and sales returns

6. Account Maintenance

• Maintaining ledgers in Tally

• Regular account updates and reconciliation

• Managing bank accounts and cash books

• Recording and managing payments and receipts

• Generating and analyzing trial balances and balance sheets

7. Discounts on Actual and Billed Quantities

• Understanding discounts in Tally: on actual and billed quantities

• Setting discount rates on purchases and sales

• Applying discounts during invoice creation

• Managing discount entries for accounting and inventory

• Generating reports to analyze discount application and profitability

8. GST Compliance

• Overview of GST (Goods and Services Tax) and its importance

• Configuring GST settings in Tally

• Creating GST-compliant invoices (sales, purchase)

• Generating GST reports (GST returns, GST payable)

9. Point of Sale (POS) & Payroll Management

• Introduction to Point of Sale (POS) in Tally

• Setting up and managing POS terminals

• Recording POS transactions (sales, returns, payments)

• Payroll management: Employee records, salary, and attendance

• Calculating and recording payroll taxes and deductions

• Generating payroll reports and salary slips

CLASS 10 ONWARDS