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.
- 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.
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.
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.
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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