TALLY PRIME
Description
Tally Prime is an end-to-end accounting and enterprise resource planning (ERP) software solution designed to streamline enterprise operations. Developed with the latest technology, its intuitive user interface enables users to effortlessly track associated expenses, automate invoicing, simplify GST compliance processes, and manage payrolls through a few clicks. Tally Prime enables businesses to get a holistic view of their organization’s financial health quickly as it offers an integrated suite of financial analytics tools powered by AI. It also offers mobile support on both Android and iOS devices, allowing businesses to monitor their accounts even while they're on the go. All in all, Tally Prime is engineered for any size of business which makes it a reliable accounting suite for those who want to stay ahead of the changing accounting landscape.
ADVANTAGES OF TALLY PRIME
1. Simplified Accounting: Tally Prime is easy to use and has a user-friendly interface. It simplifies accounting processes by automating repetitive tasks, such as data entry and reconciliation, saving time and reducing the risk of errors.
2. Real-Time Data Access: With Tally Prime, businesses can access real-time data, which helps them to make informed decisions quickly. This feature is useful for businesses that need to make quick decisions based on the current financial situation.
3. GST Compliance: Tally Prime is GST-compliant, making it easy for businesses to comply with the latest tax regulations. It ensures that businesses can file accurate GST returns and avoid penalties.
4. Financial Management: Tally Prime provides businesses with a comprehensive financial management system, which includes features such as accounting, billing, inventory management, payroll, and more. This helps businesses to manage their finances efficiently.
5. Reporting: Tally Prime offers a variety of reporting options, allowing businesses to generate reports such as balance sheets, profit and loss statements, cash flow statements, and more. This helps businesses to keep track of their financial performance and make informed decisions.
6. Security: Tally Prime has advanced security features, such as data encryption and user-level access control, which ensure that the data is secure and protected from unauthorized access.
7. Scalability: Tally Prime is scalable and can be customized to suit the needs of businesses of all sizes. It can handle multiple users and multiple locations, making it an ideal accounting software for growing businesses.
SYLLABUS OF GST PORTAL
- What is Tally
- History & Versions of Tally
- Overview of Software
- Introducing Gateway and its elements
- Fundamentals of tally.
- How to Create company & Alter company
- How to Select company & Shut company
- How to apply Security control
- How to Change tally vault
- How to Split company data
- How to take Back up & Restore Back up
- Payment voucher entry
- Receipt voucher entry
- Journal voucher entry
- Sales voucher entry
- Purchase voucher entry
- Debit note voucher entry
- Credit note voucher entry
- Purchase order entry
- Sales order entry
- Receipt note entry
- Delivery note entry
- Rejection out entry
- Rejection in entry
- Stock journal entry
- Manufacturing journal entry
- Physical stock voucher entry
- How to use Accounting features
- How to use Inventory features
- How to activate Functions in accounts info. Menu
- How to prepare Ledgers & Groups Tally Prime
- How to set Inventory configurations & features Inventory info. Menu
- How to set up Stock groups
- How to set up Stock categories
- How to create Stock items
- How to create Units of measurement
- How to create Bills of materials Locations / Godown
- Inventory voucher types
- How to create cost categories & cost Centre’s
- How to configure Cheque printing
- How to set Credit limits
- How to do Bank Reconciliation
- Bill wise details.
- Cost Centre’s and Cost categories
- Voucher classes
- Interest Calculations
- Budgets & Controls
- Banking
- Multi-Currency Accounting
- Order Processing
- Sales/purchase Order
- Multiple Price Level
- Batch-wise Details
- Bill of Material (BOM)
- Multiple Price Level & Price Lists
- Stock Valuation
- Zero Valued Entries
- Different Actual and Billed Quantities
- Job Order Processing
- POS (Point of Sales)
- Security Control
- Performa Invoice/Quotation
- Delivery Challan
- Bill Of Supply
MODULES OF TALLY PRIME
Semester I
- Fundamentals of Accounting
- Basic Accounting Concepts, Diagrams & Chart
- Golden Rules of Journal Entries & Practices
- Introduction of Tally, Company Creation, Altering and Deleting Company & Practical Examples
- Introduction of Basic Key, Group and Ledger Posting Practical Examples
- Understanding Ledger, Creating Ledgers, Creating Multiple Ledgers, Altering and Deleting Ledgers
- Understanding Groups, Creating Groups, Altering and Deleting Groups & Practical Examples
- Corporate Journal Entry without GST and Income Tax (Starting One Year and Continues Another Year)
- All Corporate Ledger Report, Trail Balance ( With Audit)
- Corporate Balance Sheet and Profit or Loss (Schedule III)
- Payment Voucher (Single Entry Mode / Double Entry Mode, Receipt Voucher, Contra and Journal Voucher)
- Display & Report of Day Book, Cash Book, Sales Book, Purchase Book
- Rectification of Error (Sales, Purchase, Payment, Receipts, Contra, Journal Vouchers)
- Understanding Inventory
- Integration Accounts and Inventory
- Create of Units of Measure ( K.G, Quintal, Liter, Nos etc.)
- Create Stock items of Different Method
- Create of Stock Group of different items
- Understanding of Stock Category and Create Stock Category
- Practical Training of unit of Measure, Stock Items and Stock Group of different items
- Corporate Journal Entry without GST and Income Tax (Starting One Year and Continues Another Year)
- Understanding of Showroom and Go down and Locations
- Transfer Stock items of one place to another place (Head Office / Branch to Branch)
- Purchase Management
- Purchase invoicing
- Purchase Orders Processing
- Reorder Levels
- Item Batch-wise Details
- Additional Cost of Purchase
- Purchase Registers
- Manufacturing & Job Work
- Multi Bill of Material
- Manufacturing journal
- Multiple Go downs
- Stock Transfer management
- Sales Management
- Sales / Tax invoicing
- Excise invoicing
- Sales orders processing
- Stock Query from Invoice
- Price List & Discount Management
- Item-wise & invoice-Wise Profitability
- Item batch-wise Details
- Multi level classification of items
- Sales registers
- Understanding Day Book Reports
- Altering and Deleting Transactions
- Pre-Allocation of Bills
- Practical Examples
- Payment Voucher
- Receipt Voucher
- Contra and Journal Voucher
- Understanding Contra for Banking
- Cheque Printing
- CTS Cheque Printing System
- Practical Examples
- Goods and Services Tax (GST)
- About Goods and Services Tax (GST) Activating Tally in (GST)
- Setting Up GST (Company Level, Ledger Level or Inventory Level)
- GST Taxes & Invoices
- Understanding SGST, CGST & IGST Creating GST Masters in Tally
- Purchase Voucher with GST
- Updating GST Number for Suppliers Practical on Intra-State Purchase Entry in GST-CGST+SGST.
- Practical on Inter-State Purchase Entry in GST (IGST)
- GST Purchase Entry for Unregistered Dealer in Tally Reverse Charge Mechanism Entry for GST
- Sales Voucher with GST
- Updating GST Number for Suppliers
- Practical on Intra-State Sales Entry in GST (SGST + CGST)
- Practical on Inter-State Sales Entry in GST (IGST)
- Printing GST Sales Invoice from Tally ERP9 Software
- Practical Examples
Semester II
- Billing Features
- Zero Valued Entries
- Different Billing and Actual Quantity
- Additional Cost of Purchase
- Discount Column on Invoices
- Purchase Order Voucher with Examples
- Receipt Note (Inventory) with Examples
- Rejection-Out Voucher with Examples
- Sales Order Voucher with Examples
- Delivery Note (Inventory) with Examples
- Rejection-IN Voucher with Examples
- Debit Note Returns with Examples
- Credit Note Returns with Examples
- Bank Reconciliation with Examples
- Statutory Capabilities
- E-filling (Goods and Services Tax / Custom Duty)
- Goods and Service Tax detail section and forms
- Tax Deducted at Source(TDS)
- Tax Collected at source (TCS)
- Schedule VI (Balance Sheet and Profit and Loss)
- MIS Reporting
- Comparative Reports In Multi-Columns format
- Exception Reports
- Payment performance of Debtors
- Stock ageing analysis
- Profit analysis
- Job Costing Analysis
- Ration analysis
- Financial statements
- Income and expenditure statement
- Payroll Management
- Pay slip printing and E-mailing
- Employee Category/Group-wise Pay Sheet
- Employee profit, Group & Category
- Employee Pay Structure Management
- Attendance recording and pay Process
- Payroll Accounting
- Personal income tax with reports
- PF/ESI Calculation & E-Returns
- Payroll exception reports
- Employee profit report
- Payment Advice
- Internet based Capabilities
- E-mailing of Document and reports
- Help & Support
- Online access to knowledge base
- License and user management
- Completed remote access
- SMS with natural language support
- Tally shop
- Jobs and recruitment
- Date exchange
- Export Reports in Different Formats, like excel, pdf, jpeg, and html
- Export and import of data through xml
- Data synchronization
- Upload data to http web server
- Miscellaneous
- Logo Printing
- Any data based Reporting , Flexible financial reporting
- Split financial year
- Multiple stock valuation , Flexible units of measure
- Multi location stock control
- Physical stock verification
- Postdated vouchers
- Flexible voucher Numbering
- User defined voucher type
- Index printing and multi account printing
- Grouping and Categorization of stock items
- Percentage based reporting
- Multi accounts reporting
- Running balance display in ledger voucher reports
- Multi stock Duty alteration
- Context sensitive
- Drill down display