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Course Overview

A Complete Guide on Advanced Business Accounting and Indian Taxation

This advanced-level certification is for learners who have a basic knowledge of financial accounting and want to further improve in their careers.

TallyProfessional certifies individuals to possess a deeper comprehension of sophisticated accounting techniques. This certification combines modular employability abilities with computerised Accounting, Finance, and Administration alongside the expertise of TallyPrime. It covers topics from intermediate to advanced financial accounting concepts, inventory, GST, TDS, TCS transactions and Payroll Management with Income Tax. The practical applications will be done on the new TallyPrime software to keep you at par with the new releases.

What You Will Learn

Volume 1- (Recording & Reporting)

• Module 1: Multi-Currency

  This module covers the introduction to multi-currency, creation and alteration of foreign currencies, defining of the rate of exchange, recording vouchers using foreign currency (On Realization Basis & Un-Realized Basis), adjusting Forex Gain/Loss, and generating reports with multi-currencies.

• Module 2: Interest Calculation

  This module covers the introduction to interest calculation, accounting of simple interest and compound interest, accounting of interest on outstanding balances, and generating the interest calculation reports.

• Module 3: Manufacturing Process-Job Work

  This module covers the introduction to Job Order Processing, accounting of Job Work Out Order processing, accounting of Job Work In Order processing, accounting of transfer of materials (Inter-Godown) and generating Job Work reports.

• Module 4: Job Costing

  This module covers the introduction to job costing, features of job costing, types of business that use job costing, documents used in the job costing process, recording job costing related transactions in Tally, and generating job costing reports.

• Module 5: Advanced Banking Transactions

  This module covers the introduction to advanced banking transactions, cheque management, post-dated cheque management, and handling e-payments in TallyPrime.

• Module 6: Connectivity Features in TallyPrime using Tally.NET

  This module covers the overview of Tally.NET features such as Remote Access, TallyPrime Reports in Browsers (TRiB), Data Synchronisation, and Tally Virtual User (TVU).

Volume 2 - Accounts Executive (Statutory Compliance), Accounts Executive (Payroll)

• Module 1: Recording Advanced GST Transactions

  This module covers the introduction to E-Way Bill, GST e-Invoicing, Recording GST compliant transactions such as Intrastate Supply of Goods & Services, Interstate Supply of Goods, Purchases from Unregistered Dealer, Purchases from Composition Dealer, Accounting Mixed Supply and Composite Supply, Supply of Exempted/Nil-rated Goods, Supply of Goods to Special Economic Zone (SEZ), Supply of Goods to Other Territory, Supply of Goods to Unregistered Dealer, Reverse Charge Mechanism under GST, Export of Goods, Advance Receipt, Generating E-Invoice Report, Generating E-Way Bill Report, Input Tax Credit Set Off against Liability, GST Tax Payment, Reversal of Input Tax Credit, Generating and E-Filing GST Returns in Tally.

• Module 2: Recording Advanced TDS Transactions:

  This module covers the introduction to Tax Deducted at Source, Recording TDS Compliant Transactions such as Booking of Expenses & deducting TDS in the Journal Voucher, TDS Transaction for Purchase of Software, TDS on Sales Commission and Deducting TDS, Accounting TDS on Capital Expenditure, Accounting for TDS on Advance Payments and Adjusting Advances towards Bill, Purchase Escalation after Recording TDS Transaction, Reversal/Cancellation of Expenses with TDS, TDS on Works Contract attracting GST, TDS on Payments to Non-Residents (DTAA), TDS on Income from Foreign Currency, Bonds or Shares of India Company, Accounting Direct Payment and deducting TDS, Accounting Multiple Expenses and Deducting TDS later, TDS on Reimbursement of Expenses (Pure Agent), TDS Payment to Department, generating and E-Filing Form 26Q and Form 27Q, TRACES Portal and Maintaining Books of Accounts as a Deductee.

• Module 3: Tax Collected at Source (TCS)

  This module covers the introduction to Tax Collected at Source, Recording TCS Compliant Transactions such as Sale of TCS Goods on Accrual Basis, Sale of TCS Goods at Lower Rate/Nil Rate, Sale of TCS Goods at Higher Tax Rate (Under Section 206CCA), Accounting TCS Exemption for Buyers Deducting TDS, TCS on Transfer of Right to Use, Accounting for TCS on Advance Receipts and Adjusting Advances towards Bill, Payment to Department, generating and E-Filing Form 27EQ, and Maintaining Books of Accounts as a Collectee.

• Module 4: Payroll and Income Tax

  This module 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.

• 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)

faq

• 1.Who can enroll for the course?

  This courseware is highly recommended for working professionals and students who aspire to build a successful career in the Accounts, Inventory, Finance, Administration, Taxation and Banking sectors or as an entrepreneur. To get enrolled for TallyProfessional, one must have completed his Graduation.

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

  To get enrolled for TallyProfessional, one must be a working professional and must have completed his graduation 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?

  TallyProfessional certification program that covers topics on advanced accounting, inventory and taxation modules including payroll and income tax. The content is aligned with the NSDC Qualification Pack and as per the current market requirement which makes it industry-preferred.

• 5.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.

• 6.How can I enroll for the course?

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

• 7.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 enrol today with our partners and pay later. Check the details to know more.

• 8.Do I need to pay extra for gst simulation?

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

• 9.Will I receive a certification mentioning gst simulation after completion of the course?

  Yes, after finishing the GST simulation, you will get a certificate showing your proficiency in using GST principles in real situations.