Tally Essential Level 1
Tally Essential Level 1
Course Description
TallyEssential Level 1
Recording & Reporting
Build a strong foundation in Accounting and learn practical business transaction recording, banking, financial reporting, data management and GST using TallyPrime.
Course at a Glance
A foundation-level TallyPrime programme focused on accounting, recording and business reporting.
Programme Objective
The programme develops fundamental accounting knowledge and practical skills required to create and maintain company accounts, record day-to-day business transactions, manage banking activities, generate financial reports, secure company data and record GST-compliant transactions in TallyPrime.
TallyEssential Level 1 Syllabus
Click on any module below to explore its complete topics.
- Introduction to Accounting
- Meaning and Objectives of Accounting
- Basic Accounting Terms
- Assets and Liabilities
- Capital and Drawings
- Revenue, Income and Expenses
- Purchases and Sales
- Debtors and Creditors
- Stock / Inventory
- Accounting Concepts and Principles
- Personal, Real and Nominal Accounts
- Golden Rules of Accounting
- Double Entry System of Accounting
- Debit and Credit
- Recording of Business Transactions
- Introduction to Journal
- Introduction to Ledger
- Trial Balance
- Basic Understanding of Financial Statements
- Introduction to TallyPrime
- Features and Uses of TallyPrime
- Downloading TallyPrime
- Installation of TallyPrime
- Starting TallyPrime
- Creating a Company
- Company Information
- Altering Company Details
- Company Features
- Company Configurations
- Selecting and Loading a Company
- Shutting a Company
- Understanding TallyPrime Interface
- Basic Navigation in TallyPrime
- Introduction to Chart of Accounts
- Accounting Masters in TallyPrime
- Pre-defined Groups
- Creating Groups
- Altering and Displaying Groups
- Creating Ledgers
- Altering and Displaying Ledgers
- Introduction to Inventory Masters
- Stock Groups
- Stock Items
- Units of Measure
- Creating Units
- Creating Stock Groups
- Creating Stock Items
- Altering and Displaying Masters
- Understanding Groups, Ledgers and Inventory Masters
- Introduction to Accounting Transactions
- Recording Transactions in TallyPrime
- Accounting Vouchers
- Contra Voucher – F4
- Payment Voucher – F5
- Receipt Voucher – F6
- Journal Voucher – F7
- Sales Voucher – F8
- Purchase Voucher – F9
- Debit Note
- Credit Note
- Recording Provisions
- Practical Business Transaction Recording
- Viewing and Altering Recorded Transactions
- Voucher-related Shortcut Keys
- Introduction to Banking in TallyPrime
- Banking Payments
- Cheque Printing
- Deposit Slip
- Payment Advice
- Introduction to Bank Reconciliation
- Manual Bank Reconciliation
- Auto Bank Reconciliation
- Practical Banking Transactions
- Introduction to MIS
- Final Accounts Reports in TallyPrime
- Trial Balance
- Profit & Loss Account
- Balance Sheet
- Cash Flow Report
- Fund Flow Analysis
- Receipts and Payments
- MIS Reports in TallyPrime
- Stock Summary Analysis
- Day Book
- Cash Book
- Bank Book
- Purchase Register
- Sales Register
- Journal Register
- Books and Registers
- Drill-down / Detailed Report Viewing
- Analysing Business Information through Reports
- Introduction to Data Security
- Need for Data Security
- Security Control in TallyPrime
- Activating Security Control
- Creating Security Levels / User Roles
- Creating Users
- Creating and Managing Passwords
- Accessing Company using Security Levels
- Auto Login
- TallyVault
- Protecting Company Data
- Introduction to Company Data Management
- Backup of Company Data
- Restoring Company Data
- Company Data Repair
- Migration of Tally.ERP 9 Company Data to TallyPrime
- Practical Data Backup and Restore
- Important Shortcut Keys
- Introduction to GST
- GST Tax Structure
- Determination of Tax
- GST Registration
- HSN Code and SAC
- Introduction to E-Way Bill
- GST in TallyPrime
- Activating GST in TallyPrime
- Creating GST-related Masters
- Recording GST-compliant Transactions
- Intra-state Supply of Goods & Services
- Inter-state Supply of Goods & Services
- Purchase and Sales Transactions with GST
- Purchase and Sales Returns with GST
- Supplies Inclusive of Tax
- Input Tax Credit (ITC)
- ITC Set-off against GST Liability
- GST Tax Payment
- GST Returns for Regular Dealers
- GSTR-1
- GSTR-3B
- GST-related Reports in TallyPrime
Practical & Hands-on Learning
Each module includes practical exercises, business transaction practice, important TallyPrime shortcut keys and guided hands-on training to develop practical accounting skills.
Start Your TallyPrime Learning
Learn Accounting, TallyPrime and GST with structured practical training at SUCCESS POINT COMPUTER.
Call: 9927740573 WhatsApp EnquiryCourse Syllabus
Fundamentals of Accounting
Introduction to TallyPrime
Maintaining Chart Of Accounts
Recording and Maintaining Accounting Transaction
Banking
Generating Financial Statements and MIS Reports
Data Security
Company Data Management
Goods and Services Tax
Duration: 3 Months
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