Tally ERP & Tally Prime

Course Duration: 16-24 Weeks

Target Audience: Accountants, Business Owners, Finance Professionals, Students

Prerequisites: Basic knowledge of accounting principles and business transactions

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Module 1: Introduction to Tally ERP & Tally Prime

• Overview of Tally ERP and Tally Prime
• History and Evolution of Tally Software
• Features and Benefits of Tally
• Difference Between Tally ERP 9 and Tally Prime
• Installing and Setting Up Tally Software
• Understanding the Tally User Interface
• Creating and Managing Company Data in Tally

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Module 2: Basics of Accounting in Tally

• Fundamental Accounting Concepts
• Understanding Double Entry System
• Types of Accounts and Golden Rules of Accounting
• Ledger and Group Creation in Tally
• Introduction to Vouchers and Types of Vouchers
• Configuring and Customizing Accounts in Tally

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Module 3: Company Creation and Configuration

• Creating a New Company in Tally
• Setting Up Company Features and Configurations
• Altering and Deleting Company Data
• Managing Multiple Companies in Tally
• Understanding Company Security and User Management
• Backup and Restore of Company Data

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Module 4: Ledger, Group, and Voucher Management

• Understanding Ledgers and Groups in Tally
• Creating and Managing Ledgers
• Customizing Ledger Accounts
• Types of Vouchers in Tally (Payment, Receipt, Contra, Journal, Purchase, Sales, etc.)
• Configuring Voucher Numbering and Customization
• Printing and Exporting Vouchers

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Module 5: Inventory Management in Tally

• Introduction to Inventory Management
• Creating Stock Groups, Categories, and Items
• Units of Measurement and Stock Valuation Methods
• Managing Inventory with Godowns and Batches
• Stock Transfers and Adjustments
• Handling Stock Reorder Levels
• Generating Inventory Reports

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Module 6: GST (Goods and Services Tax) in Tally

• Understanding GST and Its Applicability
• Configuring GST in Tally
• Creating GST Masters (Ledger, Stock Items, Tax Rate)
• Recording GST Transactions (Sales, Purchase, Returns)
• GST Reports and Returns Filing
• Generating GST Invoices and Taxation Reports

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Module 7: Payroll Management in Tally

• Introduction to Payroll System in Tally
• Configuring Payroll Features
• Creating Employee Masters and Salary Structures
• Defining Attendance, Leave, and Overtime Rules
• Processing Payroll and Payslip Generation
• Payroll Reports and Compliance

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Module 8: Banking and Reconciliation in Tally

• Introduction to Banking Features in Tally
• Creating and Managing Bank Accounts
• Understanding Cheque Management
• Bank Reconciliation Process
• Importing and Exporting Bank Statements
• Generating Banking Reports

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Module 9: TDS (Tax Deducted at Source) and TCS (Tax Collected at Source)

• Introduction to TDS and TCS in Tally
• Configuring TDS and TCS in Tally
• Recording TDS and TCS Transactions
• Generating TDS and TCS Reports
• Filing TDS and TCS Returns

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Module 10: Financial Reports and Analysis

• Introduction to Financial Statements
• Generating Balance Sheet and Profit & Loss Account
• Cash Flow and Fund Flow Analysis
• Ratio Analysis and Financial Performance Reports
• MIS Reports and Business Insights
• Budgeting and Forecasting in Tally

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Module 11: Cost Centers and Cost Categories

• Understanding Cost Centers and Cost Categories
• Creating and Managing Cost Centers in Tally
• Allocating Expenses and Income to Cost Centers
• Cost Center Reporting and Analysis

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Module 12: Advanced Accounting Features

• Multi-Currency Transactions
• Interest Calculations on Outstanding Payments
• Handling Post-Dated Cheques
• Accounting for Bad Debts and Provisions
• Handling Foreign Exchange Transactions

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Module 13: Data Security and User Management

• Setting Up User Roles and Permissions
• Configuring Tally Vault for Data Security
• Creating and Managing Users
• Enabling Audit Features in Tally
• Protecting Data with Backup and Restore Options

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Module 14: Tally Customization and Integration

• Introduction to Tally Customization
• Creating Custom Reports in Tally
• Importing and Exporting Data
• Integrating Tally with Other Software (Excel, ERP, etc.)
• Using Tally ODBC for External Connectivity

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Module 15: Tally Prime Advanced Features

• Automating Business Transactions
• Using Remote Access in Tally Prime
• Customizing Reports with Filter and Sorting Options
• Exporting Data to Excel, PDF, and Other Formats
• Cloud Backup and Multi-User Access

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Module 16: Real-World Applications and Final Project

• Managing Business Transactions in Tally
• Handling Year-End Closing and Audit Reports
• Practical Case Studies on Tally ERP Usage
• Implementing Tally for Small and Large Businesses
• End-to-End Business Accounting Project in Tally

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