Learn Tally Prime: Basic to Advance with GST, Payroll, TDS & More

Tally Prime: Learn Tally with GST, Payroll, TDS & More

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Last Updated on February 4, 2024 by GeeksGod

Course : Tally Prime Basic to Advance with GST, Payroll, TDS & more

Free Udemy Coupon – Learn Tally Prime Fundamentals

The Tally Prime Fundamentals course is designed to provide students with a comprehensive understanding of Tally Prime software and its practical application in managing financial transactions and accounting processes. Tally Prime is a popular and widely used accounting software solution that simplifies various accounting tasks for businesses of all sizes.

This course will cover the essential features of Tally Prime, starting with the installation process, followed by creating a company and setting up the chart of accounts. Participants will learn how to record day-to-day transactions, perform banking operations, and generate essential financial reports using Tally Prime.

Course Objectives:

  • Familiarize participants with the Tally Prime software interface and its key components.
  • Understand the installation process and system requirements for Tally Prime.
  • Learn how to create a new company in Tally Prime and configure company settings.
  • Gain proficiency in setting up the chart of accounts, including ledgers, groups, and cost centers.
  • Develop skills in recording various types of transactions, such as sales, purchases, payments, and receipts.
  • Explore the banking features in Tally Prime, including bank reconciliation and fund transfers.

Course Outline:

Introduction to Tally Prime

Overview of Tally Prime software and its benefits. Understand the user interface and navigation.

Installation and Company Setup

Learn the system requirements and software installation process for Tally Prime. Create a new company and configure company settings.

Chart of Accounts

Create ledgers, groups, and cost centers. Define account classifications and hierarchies.

Recording Day-to-Day Transactions

Learn how to enter sales and purchase transactions. Manage cash and bank transactions. Handle journal entries and adjusting entries.

Banking in Tally Prime

Record bank transactions, reconcile bank statements, and manage your bank accounts using Tally Prime.

Generating Financial Statements

Generate financial statements like profit and loss statements, balance sheets, and cash flow statements in Tally Prime.

Data Security

Discuss best practices for securing your Tally Prime data, including user access control, data backup, and password protection.

Storage and Classification of Inventory

Manage your inventory in Tally Prime, including how to classify items, record stock movements, and perform stock valuation.

Accounts Receivable and Payable Management

Track and manage accounts receivable (money owed to you) and accounts payable (money you owe to others) in Tally Prime.

Purchase and Sales Order Processing

Create and manage purchase and sales orders within Tally Prime.

Price Level and Price Lists

Set up and use price levels and price lists to manage product pricing in Tally Prime.

Manufacturing Process

If applicable, manage manufacturing processes and inventory in Tally Prime.

Tracking Additional Cost of Purchase

Track additional costs associated with purchases, such as taxes, shipping, and handling fees.

Cost and Profit Center Management

Set up and manage cost centers and profit centers to analyze financial performance.

Budgets and Scenarios

Create budgets and scenarios in Tally Prime for better financial planning and analysis.

Generating and Printing Reports

Generate and customize various reports in Tally Prime for better decision-making.

GST Details – HSN Codes – Intrastate and Interstate GST in Tally Prime

Manage Goods and Services Tax (GST) details, including HSN codes. Handle intrastate and interstate GST transactions.

Tax Deducted at Source (Income Tax) and Tax Collected at Source (TCS)

Handle TDS and TCS deductions and compliance in Tally Prime.

Job Costing and Job Work

If relevant, use Tally Prime for job costing and job work management.

Advanced GST in Tally Prime Theory

Cover advanced GST concepts, such as reverse charge mechanism and e-way bills.

Advance TDS and Payroll Management in Tally Prime

Detail advanced TDS concepts and how to manage payroll in Tally Prime.

By enrolling in this course, you will gain a thorough understanding of Tally Prime and its various features. Whether you are a business owner, accounting professional, or aspiring accountant, this course will equip you with the knowledge and skills needed to effectively manage financial transactions and accounting processes using Tally Prime.

Unlock the full potential of Tally Prime with this comprehensive course. Enroll now and take advantage of our Free Udemy Coupon to get started today!

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What you will learn :

1. Introduction to Tally prime
2. Tally prime free version installation guide
3. Company and Chart of account creation in Tally
4. Recording of day to day transactions in Tally
5. Banking in Tally
6. GST Process In Tally
7. Domestic and Export Sales process under Tally
8. Complete end to end Payroll Management
9. GST Return Filling Process

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