Tally Prime with GST Accounting

Introduction to Tally Prime
– Overview of Tally Prime
– Installation and setup
– Navigating the Tally interface
– Creating a new company
– Setting up company details

 Basic Accounting in Tally Prime
– Introduction to accounting basics
– Chart of accounts
– Creating ledgers and groups
– Voucher entry: Sales, Purchase, Payment, Receipt, Contra, Journal

Inventory Management
– Creating stock groups, categories, and items
– Units of measure
– Godowns and locations
– Inventory vouchers: Inward, Outward, Stock Journal

Advanced Voucher Entry
– Credit notes and debit notes
– Journal vouchers
– Contra entries
– Bank reconciliation

Introduction to GST
– Basics of GST: Concepts, types, and rates
– GST registration process
– Configuring GST in Tally Prime
– Creating GST ledgers

GST in Tally Prime
– Recording GST-compliant transactions
– Sales and purchase with GST
– Creating GST-compliant invoices
– GST Reports: GSTR-1, GSTR-2A, GSTR-3B

Payroll Management
– Introduction to payroll in Tally
– Creating employee masters
– Salary details and payroll categories
– Processing payroll

TDS and TCS
– Introduction to TDS and TCS
– Configuring TDS/TCS in Tally Prime
– Recording TDS/TCS transactions
– Generating TDS/TCS reports

 Financial Reporting
– Generating financial statements: Balance Sheet, Profit & Loss Account
– Ratio analysis
– Cash flow and fund flow statements
– MIS reports

Finalization of Accounts and Audit
– Finalizing accounts
– Adjusting entries
– Year-end process
– Tally audit features
– Backup and restore