This chapter summarizes the Fundamentals of Accountancy, starting with the accounting terms, concepts, right up to the double entry system of accounting. It explains the need and usage of Golden Rules of Accounting in the books of accounting and recording the business transactions.
2. Introduction To TallyPrime
This introductory chapter on Accounting using Tally explains how simple it is to download and install Tally in the system.
This chapter helps you understand the simplest way of creating a company and the company features and configurations.
3. Maintaining Chart of Account.
This chapter covers the introduction to Payroll Management, creation of Payroll Masters, Processing Attendance and Payroll vouchers with Income Tax, generating Payroll Reports, generating Payroll Statutory Reports such as Provident Fund, Employee State Insurance, Professional Tax, Gratuity, Income Tax Reports, generating and E-Filing Income Tax Returns.
4. Recording and Maintaining Transaction
This chapter covers how to record transactions such as Receipt, Contra, Payment, Purchase, Sales, Debit Note, Credit Note, and Journal Vouchers with practical scenarios.
5. Goods and Services Tax
The chapter includes the introduction of GST, GST in TallyPrime, Recording GST compliant transactions, Input Tax Credit Set Off against Liability, GST Tax Payment and Generating GST Returns for Regular Dealer in Tally.
6. Banking
This chapter covers the basic Banking Feature, Cheque Printing, Bank Reconciliation, Generating Deposit Slips including Payment Advice.
7. Generating Finacial Statement and MIS Reports
This chapter covers all MIS reports in Tally; Trail Balance, Balance Sheet, Profit and Loss account, Cash Flow Statement, Ratio Analysis, Daybook, Receipts and Payments, Purchase and Sales Register including Inventory Reports.
8. Data Security
This chapter covers Securing Financial Information of the Company, Creating Security Control, User Roles, Creation of Users and Change User.
9. Company Data Management
This chapter covers how to securely take company data and restore without any data loss.
TALLY ESSENTIAL LEVEL 2
1. Storage and Clarification Of Inventory
This chapter helps you understand the meaning and types of inventories. Also covers the creation of inventory masters such as Stock Groups, Stock Category, Warehouse and Batches.
2. Account Receivable and Payable Management
This chapter covers the fundamentals and concepts of Outstanding Management, Enabling Bill-wise practical business scenarios on the given references such as, New Reference, Against Reference, Advance Reference, On account Reference with illustrations along with Bill Settlement and Credit Limit feature.
3. Purchase and Sales management
This chapter covers Management of Sales and Purchase Cycle, Placing an Order, Handling Rejections, Raising an Invoice against the order and complete it with receipts and payments.
4. Recording and Maintaining Transaction
This chapter covers how to record transactions such as Receipt, Contra, Payment, Purchase, Sales, Debit Note, Credit Note, and Journal Vouchers with practical scenarios.
5. Tracking Additional Costs and Purchase
This chapter covers how to maintain additional costs incurred on purchase of stock.
6. Goods and Services Tax
The chapter includes Recording GST-compliant transactions, E-Way Bill Report in Tally, Input Tax Credit Set Off against Liability, GST Tax Payment amongst other topics.
7. Costs/Profit Center Management
This chapter covers how to allocate expenses and incomes to different cost unit of the organization, automation of allocation of cost centre by creating cost centre classes in Tally and updating the reports instantly, once after recording the transactions.
8. Budgets and Scenarios
This chapter covers how to maintain Budgets & Scenario Management in Tally
9. Generating and Printing Reports
This chapter covers how to generate and print all Books and Registers in Tally including Inventory Reports.
TALLY ESSENTIAL LEVEL 3
1. Tax Deducted At Sources
This chapter covers Tax Deducted at Source and enables configuring TDS at different levels and record Basic TDS transactions, TDS payment to government, generating TDS challan and generating TDS reports.
2. Management of Business Data
This chapter covers Export and Import, and Open Database Connectivity (ODBC).
3. Moving to next Finacial Year
This chapter covers Export and Import, Splitting Company, and Group Company.
6. Goods and Services Tax
This chapter covers Goods and Services Tax and enables recording intrastate and interstate transactions, purchase and sales return transaction with GST supplies inclusive of tax, purchase from composition dealer, exports and supply of exempted goods along with the procedure of adjusting input credit against available liability making tax payment to the government, generating GSTR-1 and GSTR-3B in Tally. This chapter also explains the composition dealer basic transactions and generating returns.