Accounting Introduction

• Understanding the concept of accountancy
• Knowing about financial statements such as
  • Income statement (Revenues & Expenses), 
  • Balance sheet, 
  • Statement of cash flows

Understanding the reporting of profitability involving earning and expense needed for earning.

• Knowing about different parts of the Balance sheet:
• Assets
• Liabilities
• Shareholder’s equity
• Knowing about the movement in cash flow through:
• Operating activities
• Investing activities
• Financing Activities

Basic of Recording Transactions

• Knowing about the double-entry system.
• Effects of Debit and Credit entries.
• Understand the concept of “Chart of Accounts”.
• Know about the different types of accounts to be included in the “Chart of Accounts”.
• Understand and do different transactions to know more about the chart of accounts.
• Understand Debit and Credit and learn through multiple transactions to get the in-depth knowledge in Debit and Credit.

Branches of Accounting and Account Group

• Understand different Branches of Accounting
• Financial Accounting, 
• Management of Accounting 
• Auditing, 
• Tax Accounting, 
• Fund Accounting, 
• Forensic Accounting
• Know about the different methods of tracking the accounting records
• Cash-Based Accounting
• Accrual Method of Accounting
• Know about the concept of Accounts and Account Groups
• Understand and learn about the recording of accounts under Non-Revenue Group and Revenue Group
• Learn about the common and possible errors in Grouping and account classification
• Know about debtor and Creditor Classification
• Know how to open two accounts of the same party.

Accounting Principals

• Knowing about the concept of Accounting Principles
• Understand the “the Financial Accounting Standards Board (FASB)” and "Generally Accepted Accounting Principles" (or "GAAP")
• Know about the thirteen main accounting principles and guidelines
• Knowing about the 3 golden rules of accounting in case of:
• Personal Account
• Real Account 
• Nominal Account
• Knowing about the different mode of accounting:
• Journal and Ledgers
• Posting 
• Accounting Period
• Trial Balance

Getting Functional with Tally.ERP 9

• Know how to start Tally.ERP 9
• Know about the different screen components of Tally.ERP 9
• Know about the Mouse and keyboard conventions for working with Tally.ERP 9
• Learning the process to quit Tally.ERP 9
• Knowing the process of Creation or Setting up a company in Tally.ERP 9
• Working with multiple companies

F11 Company Features in Tally.ERP9

• Understanding and using the F11: Features button.
• To identify Company features in the menu, like Accounting Feature, Inventory Feature, Statutory & Taxation, Audit Features and Add-on Features.
• Complete and descriptive analysis of all the Company Features with adequate examples.
• The Inventory Accounting like the purchase of Stock, Sale of Stock, Stock Movement between storage locations or go downs.

Inventory Control

• Inventory Accounting likes the purchase of Stock, Sale of Stock, Stock Movement between storage locations or godowns.
• Stock Group and Stock Category.
• Basics of Godowns and its creation, Units of Measure, and its creation.
• Stock Items and its creation steps. Stock Group and Displaying, and Displaying and Altering Stock Groups as well as Displaying and Altering Stock Categories.
• Displaying and Altering Units of Measure, Measure, and Altering Stock Godowns.
• Explanation of Behaviour.
• Define the Reorder Level in Financial Accounting.
• Create Reorder Level in Tally.ERP 9, using the following examples.

Ledger and Groups

• Complete understanding of Ledger.
• Creating a single Ledger.
• Features of Ledge Configuration.
• Creating Multiple Ledger.
• Creating of Display or Alter a Single Ledger Account.
• Deleting a single Ledger Account.
• Understanding of Groups.
• Four main groups of Accounts.
• Primary groups and Sub-groups.
• Working with Groups.
• Creating a Single Ledger Group.
• Creating a Multiple Ledger Group.
• Altering or Modifying Group.
• Permanently deleting a group.

Accounting Voucher

• The basics of Accounting vouchers.
• The various types of Accounting Vouchers.
• Configuring an Invoice.
• Purchase Invoice Configuration. 

Recording Transaction of Simple Data

• A financial transaction in Tally.ERP 9 and apply the process of recording transactions.
• Explain Business Transaction Recorded in Tally.ERP 9
• Recording of Transaction using the Voucher Type in Tally.ERP 9

Purchase and Sales Entry

• Creating a Purchase Entry in Tally.ERP 9.
• Two types of Invoice Modes, 
• Account Invoice and 
• Item Invoice.

Point of Sales (POS)

• Basic advantages of Point of Sale.
• Creating invoices at different points or places of sales and collect payment from customers.
• Features of POS features.
• Creating step-wise POS Voucher Type and Invoicing.
• Generate POS Invoice Statement.

Budgeting Systems

• The basic concept of Budgeting Systems in Tally.ERP 9. 
• Keep track of the company"s expenditure
• Making use of fund effectively
• Enabling Budget in Tally.ERP 9
• Step-wise process of creating a budget.
• Create a budget for Groups, Ledgers, and Cost Centers.
• Displaying Budgets and Variances for Groups and Ledgers.
• Displaying Budgets for Cost Centre.

Analysis of Financial Statement

• Describe Final Accounts in Tally.ERP 9
• List different components of Final Accounts in Tally.ERP 9
• Explain the process to view Trading Account, Profit and Loss Account, and Balance Sheet The account in Tally.ERP 9
• Describe Ratio Analysis and its importance in planning business
• Display Ratio Analysis Report in Tally.ERP 9

Job Costing

• Understanding the role of Job Costing
• Creating Ledgers
• Creating a Cost Centre for Job Costing.
• Creating Godowns/Location for Job Costing.

Billing 

• The fundamental concept of billing for both Cash and Credit Transaction.
• Stepwise Configuration of Bill of Material, Bill-Wise Details, and Actual Billing Quantity.
• Step to account the Actual and Billed Quantity while invoicing.

The interface in a different language

• Generate different language interfaces for working, displaying, and printing in Tally.ERP 9.
• Activate the multilingual features of Tally.ERP 9 to support phonetic keywords.
• Changing the display language.
• The different language that supports this software
• Viewing reports and balance sheets in a different language.

Processing  Payroll Functions in Tally

• The basics of Payroll and the Salient Features of Payroll functions in Tally.ERP 9.
• Configuration of the Payroll in Tally.ERP 9 through a Company Case Study.
• The various terms related to Processing Payroll Functions in Tally.ERP 9.

Generating Financial Statement and Report

• The basic concept of the Balance Sheet, and the process to prepare a Balance Sheet
• A detailed understanding of the Profit and Loss Statement.
• Trial Balance, Receipt, and Payment of Accounts.
• Income and Expenditure Statement.
• Understanding Day Book and Lists of Accounts in Tally.

Printing Reports

• To print the desired Tally report much quickly and easily
• To use short-cut keys to print quickly
• Multi-account printing
• Types of printing configuration.

Management Control Systems

• The Concept of Management Control Systems.
• Various types of MIS Reports in Tally.ERP 9.
• Various financial MIS Reports
• Multiple features of Financial Management and Control
• Define Scenario Management
• List Vouchers used in Scenario Management.
• Create and Alter Scenario in Tally.ERP 9.

Bank Reconciliation Statement

• The Concept of Management Control Systems.
• Various types of MIS Reports in Tally.ERP 9.
• Various financial MIS Reports
• Multiple features of Financial Management and Control
• Define Scenario Management
• List Vouchers used in Scenario Management.
• Create and Alter Scenario in Tally.ERP 9.

Tax Deducted at Source (TDS)

• The basics of TDS (Tax Deduction at Source) with proper identification of Deductor and Deductee
• The work-flow of TDS
• Filling the TDS Return form electronically.
• Viewing the TDS Report.

Income tax

• The basics of Income Tax.
• Terminologies of Income Tax.
• Highlighting the features and benefits of Income Tax.
• Configure Income Tax.

Goods and Services Tax (GST)

• Define Goods and Services Tax (GST).
• Discuss the history of GST.
• List the registration categorization under the GST Act
• Identify the prerequisite measures to adopt for Indian Taxpayers.
• List the types of GST with relevant examples.
• Identify the importance of Type, Time, and Place of Supply in GST.
• Activate GST in Tally.ERP 9 to obtain a uniform system of taxation in India

Introduction of Goods and Service Tax 

• GST Salient Features and Registration
• Debit / Credit Note and Working with GST
• Goods and Service Tax Return (GSTR)
• GSTR 1 (Invoice Details and Other Details 
• GST 1A (Auto Drafted Supplies)
• GSTR 2 (Inward Supplies  Returns)
• GSTR 2A (Auto Drafted Supplies)