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Course Overview

 A Complete Guide on Business Accounting

This entry-level certification helps the learners to be proficient with computerised accounting and Tally.

TallyEssential certification helps learners who are beginners in Accounting and Finance domain to understand fundamental to advanced financial Accounting Concepts.

It has three distinct learning levels: Level 1, Level 2, Level 3 =Tally Comprehensive

Tally Comprehensive – This is a comprehensive certification course on computerised Accounting and Tally. It consists of all the modules as stated in Tally Essential Level 1, Level 2 and Level 3. The practical applications will be done on the new TallyPrime software to keep you at par with the new releases.

What You Will Learn

Level 1 Recording and Reporting | Course Duration: 35 Hrs

• Module 1: Fundamentals of Accounting

  This module 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.

• Module 2: Introduction to TallyPrime

  This introductory module on Accounting using Tally explains how simple it is to download and install Tally in the system. This module helps you understand the simplest way of creating a company and the company features and configurations.

• Module 3: Maintaining Chart of Accounts

  This module shows you how simple it is to create, alter and display the Chart of Accounts such as Ledgers, Groups, Stock Items and Units of Measure Creation.

• Module 4: Recording and Maintaining Accounting Transactions

  This module covers how to record transactions such as Receipt, Contra, Payment, Purchase, Sales, Debit Note, Credit Note, and Journal Vouchers with practical scenarios.

• Module 5: Goods and Services Tax

  The module 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.

• Module 6: Banking

  This module covers the basic Banking Feature, Cheque Printing, Bank Reconciliation, Generating Deposit Slips including Payment Advice.

• Module 7: Generating Financial Statements and MIS Reports

  This module 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.

• Module 8: Data Security

  This module covers Securing Financial Information of the Company, Creating Security Control, User Roles, Creation of Users and Change User.

• Module 9: Company Data Management

  This module covers how to securely take company data and restore without any data loss.

Level 2 Accounts Payable and Receivable | Course Duration: 35 Hrs

• Module 1: Storage and Classification of Inventory

  This module 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.

• Module 2: Accounts Receivable and Payable Management

  This module 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.

• Module 3: Purchase and Sales Order Management

  This module 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.

• Module 4: Tracking Additional Costs of Purchase

  This module covers how to maintain additional costs incurred on purchase of stock.

• Module 5: Goods and Services Tax

  The module includes Recording GST-compliant transactions, E-Way Bill Report in Tally, Input Tax Credit Set Off against Liability, GST Tax Payment amongst other topics.

• Module 6: Cost/Profit Centres Management

  This module 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.

• Module 7: Budgets and Scenarios

  This module covers how to maintain Budgets & Scenario Management in Tally

• Module 8: Generating and Printing Reports

  This module covers how to generate and print all Books and Registers in Tally including Inventory Reports.

Level 3 Taxation and Compliance | Course Duration: 36 Hrs

• Module 1: Goods and Services Tax

  This module 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.

• Module 2: Tax Deducted at Source

  This module 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.

• Module 3: Management of Business Data

  This module covers Export and Import, and Open Database Connectivity (ODBC).

• Module 4: Moving to the Next Financial Year

  This module covers Export and Import, Splitting Company, and Group Company.

• GST SIMULATION

  GST (Goods and Services Tax) simulation is a practical and interactive training tool that replicates the processes and calculations involved in GST transactions. This is designed to empower our learners with real-time practice and expertise in GST management (GST returns, generating e-Way bill, and e-Invoicing)

Frequently Asked Questions (FAQs)

Course Enrolment

• 1.Who can enroll for the course?

  This courseware is highly recommended for learners who aspire to build a successful career in Accounts, Finance, Taxation, Administration and Banking sectors or as an entrepreneur. To get enrolled for TallyEssential, one must have completed 12th/Pre-university course (PUC).

• 2.What background knowledge is necessary for taking this course?

  To get enrolled for TallyEssential, one must have completed 12th/Pre-university course (PUC) in any stream. You can then take the course since it has been designed in the best and simplest way possible which is aligned with the all new TallyPrime software.

• 3.Is this course completely online or do I need to attend any classes in person?

  Both the options are available, and candidates can opt for online or in person classes.

• 4.How will this course help me in my career?

  TallyEssential is a comprehensive certification program. It covers topics from basic to intermediate financial accounting concepts. It has 3 levels, and the content is aligned with the current market requirement which makes it industry-preferred.

• 5.Is it possible to take up tallyessential level 2 without doing tallyessential level 1?

  TallyEssential is an incremental learning and its covers basic to intermediate concepts. And hence it is always recommended to go step by step to make the most out of the course.

• 6.Is the assessment necessary?

  The assessment is necessary to complete the course and attain the specialization certificate which will help your career growth and enable you to showcase the certificate.

• 7.Will I be getting three different certificates for each level?

  If you take level-wise course, then you get certificate for each level. If you join for TallyEssential as a single course, single certificate will be issued.

• 8.How can I enroll for the course?

  You can enroll for the course through our partner network spread across the country and globally. Locate A Partner nearby and enroll today for the course.

• 9.What is the cost of the course?

  The course is priced at a very competitive cost. We would encourage you to Locate A Partner and immediately get enrolled. You have an option to enroll today with our partners and pay later. Check the details to know more.

• 10.Do I need to pay extra for GST simulation?

  Yes, there is an extra fee for the GST simulation.