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Tally Prime

0 Curriculum
( 2 Reviews )
₹18000₹15000
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About Course

This course provides a comprehensive guide to Tally Prime, covering its core functionalities in accounting, inventory management, payroll, and data analytics. Designed for business owners, accountants, and finance professionals, this course equips learners with the skills needed to manage financial records, automate business processes, and analyze financial data in Tally Prime. Through practical, real-world examples and projects, participants will gain proficiency in creating ledgers, managing transactions, generating financial reports, and using Tally Prime's data analysis features. By the end, learners will be able to use Tally Prime to streamline financial operations and make informed business decisions.

Learning Objectives:

By the end of this course, learners will be able to:

  1. Set up and customize Tally Prime to suit their business needs.
  2. Manage accounts, inventory, payroll, and GST within Tally Prime.
  3. Generate and interpret financial reports (e.g., profit and loss, balance sheets).
  4. Utilize Tally Prime’s data analysis tools to monitor business performance.
  5. Automate routine tasks and processes for enhanced business efficiency.

Course Outline

Module 1: Introduction to Tally Prime

  • Overview of Tally Prime and its role in business data management
  • Installing and configuring Tally Prime
  • Introduction to the Tally Prime interface and navigation
  • Setting up company information and user roles
  • Hands-on Practice: Setting up a company in Tally Prime

Module 2: Accounting Fundamentals in Tally Prime

  • Creating and managing ledgers and groups
  • Types of vouchers and recording transactions (receipts, payments, sales, and purchases)
  • Contra entries, journal entries, and adjustments
  • Hands-on Practice: Recording basic transactions in Tally Prime

Module 3: Inventory Management

  • Creating stock groups, categories, items, and units
  • Managing stock levels and inventory reordering
  • Using inventory vouchers (stock journal, delivery note, receipt note)
  • Inventory reporting and valuation methods
  • Hands-on Practice: Setting up inventory and generating stock reports

Module 4: Managing GST, Payroll, and Taxation

  • Setting up GST in Tally Prime
  • Recording GST transactions and generating GST reports
  • Configuring payroll and managing employee details
  • Setting up salary structures, processing payroll, and generating payroll reports
  • Hands-on Practice: Recording GST and payroll transactions in Tally Prime

Module 5: Financial Reports and Analysis

  • Generating key financial statements (balance sheet, profit & loss statement)
  • Ratio analysis and cash flow statements
  • Budgeting and forecasting within Tally Prime
  • Analyzing key financial metrics for business decision-making
  • Hands-on Project: Generating and interpreting financial reports

Module 6: Advanced Data Analysis in Tally Prime

  • Using Tally’s data filters and comparison tools
  • Cost center and cost category management for detailed expense tracking
  • Job costing and project tracking for business analysis
  • Hands-on Practice: Tracking project expenses and analyzing cost centers

Module 7: Tally Prime Automation and Customization

  • Setting up automated processes (e.g., recurring transactions, auto-bank reconciliation)
  • Customizing reports and invoices to match business requirements
  • Using Tally Prime’s reminders, alerts, and security features
  • Hands-on Project: Customizing invoices and automating routine tasks

Module 8: Data Security, Backup, and Compliance

  • Data backup and restore processes in Tally Prime
  • Implementing data security and access controls
  • Ensuring compliance with local and international financial regulations
  • Hands-on Practice: Setting up security protocols and creating data backups

Module 9: Tally Prime for Business Intelligence (Optional Advanced Topic)

  • Introduction to using Tally Prime with external BI tools
  • Exporting Tally data for further analysis in Excel or Power BI
  • Creating visual dashboards for business insights
  • Hands-on Project: Exporting Tally data and creating a BI dashboard