Tally ERP 9 Accounting Course

Enquiry the Course

Captcha
Find Main Courses
Computer Accounts Computer Basics Programming Courses Spoken English UI Designing Web Designing
Course of Computer Accounts

Tally ERP 9 Accounting Course Outline

Module 1: Introduction to Tally ERP 9

Objective: Understand the basics of Tally ERP 9, including its features, setup, and the accounting interface.

  1. What is Tally ERP 9?

    • Overview of Tally ERP 9: Features, Benefits, and Use Cases
    • Tally ERP 9 in Business: Accounting, Inventory Management, Taxation, Payroll, etc.
    • Understanding Tally’s Role in Financial Management

  2. Getting Started with Tally ERP 9

    • Installing Tally ERP 9 and Licensing
    • Navigating the Tally interface: Menu options, Gateway of Tally
    • Exploring Tally Features: Data Entry, Reports, Transactions, etc.
    • Setting up a company in Tally: Creating a new company, setting financial year, currency, and taxation details

  3. Understanding Tally Screens and Shortcut Keys

    • Understanding the Tally work area: Gateway of Tally, buttons, and navigation
    • Commonly used shortcut keys in Tally
    • Customizing Tally screen for easy navigation

Module 2: Master Creation in Tally

Objective: Learn how to create and manage masters in Tally for efficient accounting.

  1. Creating Ledgers in Tally

    • Understanding the importance of ledgers in accounting
    • Types of Ledgers: Revenue, Expenses, Assets, Liabilities, and Capital
    • Steps to create new ledgers in Tally (single and multiple ledgers)
    • Grouping of ledgers under appropriate categories (e.g., Sales, Purchases, Bank, Cash, etc.)
    • Understanding Sub-Ledgers and Parent Ledgers

  2. Creating Voucher Types

    • Introduction to voucher types in Tally: Payment, Receipt, Sales, Purchase, Journal, Contra, etc.
    • How to create new voucher types and customize them for specific transactions
    • Using pre-defined voucher types for accurate accounting

  3. Creating Stock Groups and Stock Items

    • Understanding stock management and inventory control
    • Creating stock groups for categorizing inventory items
    • Creating stock items and entering their details (unit of measure, stock rate, etc.)
    • Associating stock items with ledgers (for sales, purchase, and inventory valuation)

  4. Creating Units of Measure and Godown

    • Creating and managing units of measure for inventory (pieces, kilograms, liters, etc.)
    • Creating and managing godowns for inventory storage and control
    • How to transfer stock between godowns

Module 3: Accounting Entries and Transactions in Tally

Objective: Learn how to record daily accounting transactions in Tally.

  1. Voucher Entry: Payment, Receipt, and Journal Vouchers

    • Recording transactions using Payment, Receipt, and Journal vouchers
    • Applying voucher entry rules for debit and credit entries
    • Understanding the accounting impact of various vouchers

  2. Sales and Purchase Voucher Entries

    • Recording Sales and Purchase transactions with GST
    • Applying GST rates and understanding GST accounting in Tally
    • Managing purchase returns and sales returns
    • Sales and Purchase transactions with inventory

  3. Banking Transactions and Cheque Printing

    • Recording bank-related transactions: Cheques, Bank Transfers, Bank Reconciliation
    • Creating and managing Bank Ledgers
    • Understanding Bank Reconciliation in Tally
    • How to print cheques directly from Tally

  4. Payroll Accounting and Salary Processing

    • Setting up Payroll in Tally for employee management
    • Creating employee masters and assigning salary components
    • Recording salary payments and deductions
    • Generating payslips and statutory reports (PF, ESI, TDS, etc.)

Module 4: Inventory Management in Tally

Objective: Learn how to manage inventory, stock movement, and valuation in Tally.

  1. Inventory Master and Stock Management

    • Creating and managing inventory masters for various products
    • Stock valuation methods: FIFO (First In, First Out), LIFO (Last In, First Out), and Average Cost
    • Stock tracking and managing stock in hand
    • Generating inventory reports: Stock Summary, Stock Item, and Stock Group Reports

  2. Inventory Transactions: Purchase, Sales, and Transfers

    • Recording purchase and sales transactions with inventory integration
    • Managing stock transfers between locations (godowns)
    • Handling purchase orders, sales orders, and delivery notes in Tally
    • Stock adjustments and stock write-offs

  3. Managing GST on Inventory and Invoicing

    • Understanding the impact of GST on inventory transactions
    • Setting up GST rates for stock items and ledgers
    • Generating GST-compliant sales and purchase invoices

  4. Stock Movement and Reports

    • Using Tally for tracking stock movement and analyzing inventory levels
    • Viewing stock-related reports: Stock Item, Stock Group, and Movement Analysis
    • Managing slow-moving and non-moving inventory items

Module 5: GST (Goods and Services Tax) in Tally

Objective: Learn how to configure and manage GST transactions and reports in Tally ERP 9.

  1. Configuring GST in Tally

    • Enabling GST in Tally and configuring GST settings
    • Creating GST-related ledgers for sales, purchases, and tax liabilities
    • Understanding GST Tax Rates: CGST, SGST, IGST, and Cess
    • Setting up GST for various transaction types: Sales, Purchases, Imports, Exports, etc.

  2. Recording GST-Compliant Transactions

    • Recording GST-enabled Purchase and Sales transactions in Tally
    • Applying correct GST rates and creating GST-compliant invoices
    • Managing GST on purchases, sales returns, and advances
    • Handling GST on advances and partial payments

  3. GST Reports and Returns

    • Generating GST Reports: GSTR-1, GSTR-2, GSTR-3B, GSTR-9, etc.
    • Viewing and exporting GST reports to Excel or other formats
    • Filing GST Returns and reconciliation in Tally
    • Tally’s GST Audit and Tax Liability reports

Module 6: Financial Reports in Tally

Objective: Understand how to generate and analyze key financial reports in Tally.

  1. Balance Sheet and Profit & Loss Account

    • Generating the Balance Sheet and Profit & Loss Statement in Tally
    • Understanding key components of the Balance Sheet: Assets, Liabilities, Capital
    • Understanding key components of the Profit & Loss Statement: Revenues, Expenses, Net Profit
    • Customizing the financial reports for detailed analysis

  2. Trial Balance and Cash Flow Reports

    • Generating Trial Balance to check the accuracy of accounting entries
    • Understanding cash flow and fund flow analysis in Tally
    • Analyzing cash and bank balances in the Cash Flow Report

  3. Bank Reconciliation and Receivables/Payables Reports

    • Performing Bank Reconciliation in Tally
    • Viewing accounts receivable and accounts payable reports
    • Managing overdue receivables and payables with reminders

  4. Ratio Analysis and Budgets

    • Analyzing key financial ratios using Tally: Profitability, Liquidity, and Efficiency Ratios
    • Setting budgets and comparing actual results with the budgeted values
    • Using Tally’s Budgeting feature for financial planning and control

Module 7: Advanced Tally Features

Objective: Learn advanced Tally functionalities for enhanced business management.

  1. Cost Centers and Profit Centers

    • Setting up cost centers and profit centers in Tally for department-based accounting
    • Tracking revenues and expenses by cost centers
    • Generating cost center reports and analyzing profitability

  2. Job Costing

    • Introduction to job costing and its application in Tally
    • Creating job-wise accounting and tracking costs associated with specific jobs or projects
    • Generating job-wise reports for profitability analysis

  3. Tally Data Backup and Security

    • Backing up and restoring Tally data for safety and security
    • Password protection and user access rights management in Tally
    • Managing multi-user environments and synchronizing data

  4. Multi-Currency Transactions

    • Enabling multi-currency accounting in Tally
    • Handling foreign currency transactions and exchange rate fluctuations
    • Managing multi-currency reports in Tally

Module 8: Tally Customization and Tips

Objective: Learn to customize Tally for specific business needs and optimize performance.

  1. Tally Customization and Configuration

    • Customizing Tally according to business requirements (user preferences, printing formats, etc.)
    • Creating custom invoices, voucher formats, and reports
    • Modifying ledger groupings and accounts for unique business needs

  2. Using Tally Add-ons

    • Introduction to Tally Add-ons for enhanced functionality
    • Exploring third-party add-ons for payroll, inventory, and taxation
    • Installing and using Add-ons with Tally ERP 9

  3. Tally Performance Optimization

    • Tips for optimizing Tally for better speed and performance
    • Data validation and error correction techniques
    • Managing large volumes of data in Tally for better performance

Course Outcome

By the end of this course, you will:

  • Have a strong understanding of accounting principles and their application in Tally ERP 9
  • Be proficient in setting up and using Tally for bookkeeping, financial reporting, and inventory management
  • Be able to manage GST-related accounting tasks, generate GST-compliant invoices, and file returns
  • Be capable of generating and interpreting key financial reports like Balance Sheets, Profit & Loss Statements, Cash Flow, and Trial Balance
  • Gain expertise in advanced Tally features like Cost Centers, Job Costing, Payroll, and Multi-Currency transactions

Target Audience:
This course is ideal for accountants, business owners, finance professionals, and anyone interested in learning Tally ERP 9 for business accounting, taxation, inventory, and financial reporting. It is suitable for beginners as well as individuals looking to upgrade their skills in Tally and accounting management.