Tally Accounting Advance Course Syllabus – NICE INSTITUTE VALLABH VIDYANAGAR

Basic Concepts of Accounting

• Introduction to Accounting: Principles, concepts, and conventions.
• Types of Accounts: Asset, Liability, Equity, Revenue, and Expense accounts.
• Double-entry System: Understanding how transactions are recorded.

Fundamentals of Tally ERP

• Introduction to Tally: Overview of Tally ERP 9 or Tally Prime.
• Company Features and Configuration: Setting up a company in Tally.
• Creating Masters: Chart of Accounts, Groups, and Ledgers.

Accounting in Tally

• Voucher Entries: Introduction to different types of vouchers (e.g., sales, purchase, journal).
• Accounting Vouchers: Recording transactions and managing accounts payable and receivable.
• Financial Statements: Generating Balance Sheets, Profit & Loss Accounts, and Trial Balances.

Inventory Management in Tally

• Stock Groups and Categories: Organizing inventory.
• Units of Measure: Managing different units for stock items.
• Stock Items: Creating and managing inventory items.

Taxation in Tally

• GST (Goods and Services Tax): Understanding GST concepts, returns, and compliance.
• TDS (Tax Deducted at Source): Calculations, returns, and certificates.
• TCS (Tax Collected at Source): Understanding TCS concepts and compliance.

Advanced Features

• Bank Reconciliation: Matching bank statements with Tally records.
• Payroll Accounting: Employee creation, salary definitions, and payroll reports.
• Cost Centers and Cost Categories: Managing costs and budgets.

Technological Advantages

• Security Controls: Understanding Tally Vault and data security.
• Backup and Restore: Managing data backup and recovery.
• Import and Export of Data: Transferring data between systems.

Generating Reports

• Financial Reports: Balance Sheets, Profit & Loss Accounts.
• Inventory Reports: Stock summaries and outstanding statements.
• Payroll Reports: Salary reports and attendance registers.

Advanced Module in Tally Accounting

Advanced Accounting in Tally ERP

• Cost Centers and Cost Categories: Understanding how to manage and analyze costs within different departments or projects.
• Multiple Currencies: Handling transactions in various currencies and managing exchange rates.
• Interest Calculations: Automating interest calculations for loans or investments.
• Budget and Controls: Setting up budgets and tracking variances to ensure financial discipline.
• Scenario Management: Creating different financial scenarios to predict outcomes.
• Bank Reconciliation: Matching bank statements with Tally records to ensure accuracy.
• Variance Analysis: Analysing differences between budgeted and actual financial performance.

Advanced Inventory Management

• Order Processing: Managing purchase and sales orders efficiently.
• Recorder Levels: Understanding inventory levels and tracking stock movements.
• Batch-wise Details: Managing inventory batches for better tracking.
• Bill of Materials: Creating detailed lists of materials required for production.
• Price Lists: Managing different pricing strategies for products.
• Zero-Valued Entries: Handling transactions with zero value for inventory adjustments.
• Additional Cost Details: Tracking additional costs associated with inventory, such as freight or insurance.

Advanced Taxation

• GST (Goods and Services Tax): Advanced GST compliance, including returns and reconciliation.
• TDS (Tax Deducted at Source): Advanced TDS calculations, returns, and compliance.
• TCS (Tax Collected at Source): Understanding TCS concepts and compliance.
• EPF and ESIC: Managing Employee Provident Fund and Employees' State Insurance Corporation contributions.
• Professional Tax: Understanding and managing professional tax obligations.

Technological Advantages

• Tally Vault: Enhancing data security with Tally Vault.
• Tally Audit: Conducting audits to ensure data integrity.
• Backup and Restore: Managing data backup and recovery processes.
• Import and Export of Data: Transferring data between systems efficiently.
• Printing Reports and Cheques: Customizing and printing financial reports and cheques.

Payroll Accounting

• Employee Creation: Setting up employee profiles.
• Salary Definitions: Defining salary structures and components.
• Employee Attendance Register: Managing attendance records.
• Pay Heads Creation: Creating pay heads for different salary components.
• Salary Reports: Generating detailed salary reports.

Generating Reports

• Financial Statements: Generating Balance Sheets, Profit & Loss Accounts, and Trial Balances.
• Inventory Reports: Stock summaries and outstanding statements.
• Payroll Reports: Salary reports and attendance registers.
• Statutory Reports: Generating reports for tax compliance.