Tally Essential Level 2
Tally Essential Level 2
Course Description
Recap of Level 1
Chapter 1: Storage and Classification of Inventory
Introduction
Supply
Chain
Types of
Suppliers
Inventory
Management
Terms Used
in Inventory Management
Inventory Masters
in Tally Prime
Company
Creation in Tally Prime
Introduction
of Capital into a Business
Creation of
Inventory Master in Tally Prime
Tracking of
Movement of Goods on Batchers/Lots
Activation
of Batches/Lots for Stock Items
Batch
Reports
Price
Levels and Price Lists
Activating
Price Lists and Defining of Price Levels
Creation of
Price List
Price Level
& Price List usage in Sales Voucher
Revise
Price List
Conclusion
Key
Takeaways
Shortcut
Keys
Practice
Exercises
Chapter 2: Accounts Receivables and Payable Management
Introduction
Accounts
Payable and Receivable
Maintain
Bill-wise Entry
Activation
of Bill-wish Entry
Usage of
Bill-wish entry in Purchase and Payment Voucher
Usage of Bill-wish entry in Sales and Receipt
Voucher
Usage of
Bill-wish entry in Payment and Receipt Voucher
Usage of
Bill-wish entry – On Account
Specifying
of Credit Limit for Parties
Specifying
of Credit Limit for Individual Ledger
Specifying
of Credit Limit for Multiple Ledger
Sales
Voucher Restriction Based on Credit Limit
Splitting
of Credit Sale into Multiple Bills
Payment
Performance of Debtors
Bills
Payable and Receivable Reports in Tally Prime
Bill
Receivable
Ageing
Analysis of Outstanding
Generating
Reminder Letter in Tally Prime
Generating Confirmation
of Accounts in Tally Prime
Bill Settlement
Bills
Payables
Conclusion
Key
Takeaways
Shortcut
Key
Practice
Exercises
Chapter 3: Purchase and sales Order Management
Introduction
Purchase
Order Processing
Recording
of Purchase Order
Recording
of Receipt Note Voucher
Recording
Rejection out Voucher
Recording
Purchase Voucher
Recording
Debit Note Voucher
Recording
payment Voucher
Sales Order
Processing
Recording
of sales Order in Tally Prime
Recording
Delivery Note Voucher
Recording
Rejection in Voucher
Recording
of Sales Voucher
Recording
Receipt Voucher
Order Outstanding
Sales order
Outstanding
Purchase
Order Outstanding
Pre-Closure
of Orders
Reorder
Level
Display
Reorder
Godown
Transfer in Tally Prime
Conclusion
Key
Takeaways
Shortcut
Key
Practice
Exercises
Chapter 4: Tracking Additional Costs of Purchase
Introduction
Configuration
of Additional Cost of Purchases in Tally Prime
Purchase
Transaction with Additional Cost Details in Voucher Mode
Purchase
Transaction with Additional Cost Details in Item Invoice mode
Debit note
Voucher with Additional Cost
Conclusion
Key
Takeaways
Shortcut
Key
Practice
Exercises
Chapter 5: Cost/Profit Centres Management
Introduction
Cost Centre and Cost Categories
Activation of cost Centre
Allocation of Expenses and Incomes using Cost Centre
Cost Centre Classes (Automatic Allocation)
Allocation of Expenses to Multiple cost Centres and Cost Categories
Cost Centre Reports
Category Summary
Cost Centre Break-up
Ledger Break-up
Group Break-up
Conclusion
Key Takeaways
Shortcut
Key
Practice
Exercises
Chapter 6: Budgets and Scenarios
Introduction
Creation of Budget
Recording Transactions
Display Budgets and Variances Reports for Group Budget
Scenario Management
Creation of Scenario
Temporary Inclusion of Revering Journal Voucher in the Reports.
Conclusion
Key
Takeaways
Shortcut
Key
Practice
Exercises
Chapter 7: Generating and Printing Reports
Introduction
On the fly reporting
Bird’s eye View/ Drill Down Display
Drill down Display
Date/ period Based Reporting & Comparing
Inventory Reports
Stock Summary
Godown -wise Stock Availability
Movement Analysis
Stock Query
Financial Reports
Balance sheet
Profit & Loss A/computer
Books & registers
Sales Registers
Purchase Register
Printing of Invoice and Report
Conclusion
Key
Takeaways
Shortcut
Key
Practice
Exercises
Chapter 8: Goods and Services Tax
Introduction to GST
Invoicing
Debit Note, Credit Note/Supplementary Invoice
Receipt Voucher
E-Way Bill
GST in Tally Prime
Creation of company and Activating GST at Company Level
Introducing Capital into the Business
Creation of Master in Tally Prime
Hierarchy of Calculating Tax in Transactions
Defining GST Rates at Company Level
Defining GST Rates at Stock Item Level
Defining GST Rates at Ledger Level
Recording GST Compliant transactions
Accounting Intrastate Supply of Goods
Accounting Intrastate Supply of Goods
Accounting Purchase and sales Returns of Goods with GST
E-Way Bill Report in Tally
Export for e-way Bill Report
Exporting Bulk or Consolidated e-Way Bill invoices
Update e- way Bill Information
Input Tax Credit Set off against Liability
GST Tax Payment
Timeline for payment
Modes of Payment
Challan Reconciliation
Filing GST Returns in Tally Prime
Filing GSTR-1 Returns
Filing GSTR-3B Returns
Filing GSTR-9 Returns-GST Annual Computation
Conclusion
Key
Takeaways
Shortcut
Key
Practice Exercises
Key Answer for Practice Exercises
Business Case Studies -2
Course Syllabus
Storage and Classification of Inventory
Accounts Receivables and Payable Management
Purchase and sales Order Management
Tracking Additional Costs of Purchase
Cost/Profit Centres Management
Budgets and Scenarios
Generating and Printing Reports
Goods and Services Tax
Duration: 3 Months
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Admission Query
