Tally ERP

Tally ERP is an accounting software which has capability to maintain Accounting, Inventory, Payroll and Tax detail like Income Tax, TDS, TCS and GST (Goods and Service Tax). This software helps to maintain computer accounting records for small and medium business organisation.

Tally Computer Course Eligibility:

• 12th Pass Student under Graduate.

• B Com 1st year, 2nd Year

• B Com Graduate.

• Arts Graduate.

• Science Graduate

Content:

• Paper I -Principles of Accountancy

• Subjects of Study

• Accounting: Definition-functions-Single Entry and double entry system of accounting- Accounting Equation-Types of accounts- rules of accounting-Accounting Standards

• Accounting Concepts-conventions-Phases of accounting: Journal, Ledger, Trial balance

• Preparation of Cash book, Pass book –Preparation of BRS

• Preparation of final statements of accounts

• Manual accounting system –Meaning-advantages and limitations – Computerised accounting system –Accounting as a system

• Paper II -Introduction to Tally

• Tally-origin- General Features- Accounting Features-Inventory feature- Starting TALLY- Start up screen component-Processing icons – Multilingual feature of TALLY-Quit TALLY

• Company creation –creating, selecting, deleting, shutting a company – altering company details- changing data directory –auto selection of company

• Pre-defined groups in TALLY- Primary groups-sub groups- creation of user defined primary groups – display- alteration of groups-Ledger Accounts-creations, display, alteration, deletion

• Tally vouchers-Meaning-Payment Vouchers-Receipt vouchers-entering, deleting, cancelling, printing a voucher- Post-dated vouchers

• Security Control- Meaning, need- creation, Display, alteration of security –TALLY Audit- features-conduct

• Paper III -Financial Tally

• Preparation of Trial Balance- Preparation of Profit &Loss account – Balance sheet

• Interest –Simple, Compound interest calculation- setting up ledger master- Interest report- Voucher classes and ledger for interest entry- Bill wise interest calculations

• Receivables and Payable management- Meaning- activating bill wise details-sales entries, purchases entries, Purchases Returns, Sales returns –Receipt, payment entries- Display and printing of outstanding printing reminder letters- printing confirmation

• Cost, Cost centre, Cost categories- Meaning- creation, display, alteration of cost categories and cost centres- allocation of transactions to cost centres-voucher entry using voucher class and cost centre class

• Budget-Budgetary Control- Meaning – Creation of Budgets-Group Budgets-Budget ledgers- Alteration of budgets-deletion of budgets

• Paper IV -Taxation in Tally

• VAT- meaning-VAT in India-Advantages over Sales Tax-VAT documents and records- Types of dealers-Company creation-suppliers, customers, purchases, sales, stock, tax ledger creation-VAT Composition reports- VAT composition computation-VAT Return payment

• CST-Meaning-definition-objects- Interstate Trade- Rates of CST –CST features in TALLY- payment entries – adjustment entries

• Service Tax –Taxable services- activating service tax –ledger creation-payment of service Tax-ST Reports-Excise duty-features-Accounting and inventory masters for excise- sales invoice with excise-creation of excise ledger- voucher types-excise invoice printing

• Fringe Benefit Tax- Meaning –Payment, return and assessment- activating FBT in TALLT- FBT ledger creation- FBT Computation – Report

• TDS- meaning –Payment, certificate, returns- Activating TDS- ledger creation- voucher entry-Payment entry –outstanding tax report-TDS Computation-TDS Report