Module 1: Introduction to Tally Prime

• Overview of Tally Prime software
• Features and advantages of Tally Prime over Tally ERP 9
• Installation and software setup
• Company creation and configuration
• Understanding Tally Prime interface, menus, and shortcuts

Module 2: Accounting Fundamentals in Tally

• Introduction to accounting principles
• Chart of accounts: Ledgers, Groups, and Categories
• Voucher types and entry
• Daybook and trial balance
• Managing accounts for multiple companies
• Hands-on exercises: Create ledgers, record transactions, generate trial balance

Module 3: Inventory Management

• Introduction to inventory in Tally Prime
• Stock groups, stock categories, and units of measure
• Stock items and inventory masters
• Stock vouchers: Receipt, Issue, Transfer, and Rejection
• Integration of accounting with inventory
• Hands-on exercises: Create stock items, manage inventory, generate stock reports

Module 4: GST in Tally Prime (w.e.f. 9th Nov 2020)

• Overview of Goods & Services Tax (GST) in India
• GST registration in Tally Prime
• GST masters: GST ledgers, GST rates, and HSN/SAC codes
• Recording GST transactions: Sales, Purchase, Credit/Debit notes
• Filing GST returns: GSTR-1, GSTR-3B
• GST reports and reconciliation
• Hands-on exercises: Create GST invoices, file returns, generate GST reports

Module 5: TDS (Tax Deducted at Source)

• Introduction to TDS and legal requirements
• Creating TDS ledgers and TDS groups
• Recording TDS transactions for payments and receipts
• Generating TDS reports and challans
• TDS return filing overview
• Hands-on exercises: Record TDS entries, generate reports

Module 6: Payroll Management

• Overview of payroll in Tally Prime
• Employee master creation: Personal, professional, and salary details
• Payroll components: Basic, HRA, allowances, deductions, PF, ESI
• Processing salaries and generating payslips
• Payroll reports and statutory compliance
• Hands-on exercises: Create employees, process payroll, generate payslips

Module 7: Financial Reporting and MIS

• Generating key financial statements: Profit & Loss, Balance Sheet
• Cash flow and fund flow statements
• Trial balance, ledger reports, and daybook
• Custom reports and MIS generation
• Hands-on exercises: Generate reports for management decision-making

Course Outcomes

After completing this course, participants will be able to:

• Efficiently manage accounting, inventory, and payroll in Tally Prime
• Process GST and TDS compliances as per updated regulations
• Generate financial and MIS reports for decision-making
• Handle real-world business accounting scenarios independently

Who Should Attend

• Students, job seekers, and accounting/finance professionals
• Entrepreneurs and business owners
• HR professionals handling payroll
• Anyone seeking mastery in Tally Prime and GST compliance