Tally is the most popular and reliable GST ready accounting software amongst businesses in India We believe it is critical to ensure that data is recorded correctly at the transaction level itself, which is the starting point. Tally GST ensures you generate GST invoices and transactions as per the GST format. Through this module, the student will understand GST right from basic theoretical knowledge to practical implications of the regulation on any business. Learning how to use Tally GST efficiently with Goods & Services Tax. Practical Project with answers and real life cases have been included in this Training.
With the fast-moving technological world and in IT era, all sorts of tasks are being automated which were performed manually earlier irrespective of domain e.g. healthcare, documentation, shopping, employee management, shopping almost everything. To meet the pace of the growing world, the accounting system have also been computerized and automated as one single entry manages both accounting and inventory needs. Tally is the most popular accounting packages used across our country and needs a lot of trained manpower to meet the requirements.
What you’ll learn
- You will learn How to manage Accounting of any Company with GST Independently
- You will learn how to Manage Payroll with PF, ESI, EPF, Statutory Payment
- You will learn how to compute TDS & extract TDS Reports
- How to manage Accounting of Manufacturing Firm
- Banking
- You will learn how to Create MIS Reports for Managerial Level
- How to create GST Computation & Reports in Tally .Erp9 with GST
- You will learn how to manage accounting of Goods Transport Agency(GTA) in Tally .Erp9 with GST
- RCM – Reverse Charge Mechanism in Tally Erp9 with GST Training
- You will learn how to manage accounting of Composition Dealer under GST in Tally .Erp9 with GST Course
- How to avail Input GST Credit
- Import & Export Entries under GST
- You will learn how to apply GST at Multiple Level
Course Details
Goods and Service Tax (GST) is an indirect tax which was introduced in India on 1st July 2017 and was made applicable throughout India replacing multiple cascading taxes levied by the Central and State Government. The GST rollout, with a single stroke, has converted India into a unified market of 1.3 billion citizens.
Introduction of GST will need manpower who can understand the concepts of GST and also implement the same as per statutory obligations. In order to build capability in students on understanding and working with GST, NIIT has introduced programme that encompass the modules of GST and increase employability of students.
Learning Objectives
- Introduction to GST
- New indirect taxation structure
- Registration process under GST
- How to maintain book of accounts
- How to make business GST ready
- Understanding diverse scenarios of GST implementation
- Getting Started with GST (Goods)
- Recording Advanced Entries (Goods)
- GST Adjustment and Return Filing
- Getting Started with GST (Services)
- Recording Advanced Entries (Services)
- Migration to Latest Release of Tally.ERP 9
Preamble
‘TALLY’ software which is almost ‘generic’ with Accounting software in India is an accounting package which is used for maintaining accounts. Tally software teaches how to manage basic to large scale accounting.
Objective
This course is designed to enable the students understand and acquire knowledge regarding concepts of Financial Accounting. The course also teaches how to manage inventory and generate reports for business intelligence. The students will also be given practical training on how to make Accounting entries using the ‘TALLY’ software.
Overall this course provides coverage of accounting concepts and computerised accounting.
- Introduction to Accounting
- Introduction to Computerized Accounting using Tally
- Using Accounting Vouchers , Reports
- Using Non-Accounting Vouchers
- Inventory Masters , Using Inventory Vouchers
- Advanced Features of Tally , Business Management ,VAT
- Detailed Syllabus Tally Financial Accounting with Tally (4 weeks)
Basics of Accounting
- What is Financial Accounting
- Objectives of Financial Accounting
- Advantages of Financial Accounting
- Limitations of Financial Accounting
- What is Double Entry System
- What is Accounting Equation
- Classification of Accounts
- Real Accounts
- Personal Accounts
- Nominal Accounts
- Terms used in Accounting Assets, Liabilities, Debtors, Creditors, Receivables, Payables, Capital etc.
Principles/Concepts/Conventions of Accounting
- Why Conventions, Principles and Concepts of accounting are required
- Fundamental Conventions, Principles and Concepts of accounting
- Accounting Period Concept
- Entity Concept
- Dual Aspect Concept
- Money Measurement Concept
- Matching Concept
- Cost Concept
- Materiality Concept
- Objective Evidence Concept
Recording Procedure in Accounting
- What is a transaction
- What is a Voucher
- Recording of transactions in Book of Primary Entry (JOURNAL)
- Posting of transactions into Ledger
- Preparation of Trial Balance
- Introduction to Subsidiary Books of Accounting viz. Cash Book, Bank Book, Sales Book, Purchase
Book etc.
Preparation of Final Accounts
- Significance of Final Accounts
- Classification of Assets :- Fixed Assets, Current Assets
- Classification of Liabilities :- Fixed Liabilities, Current Liabilities
- Introduction to terms like Revenue & Capital Incomes/Expenses, Direct/Indirect Incomes &
Expenses - Introduction to Trading Account/Manufacturing Account
- Profit & Loss Account
- Balance Sheet
Starting Tally
- Introduction to Tally
- Introduction to Tally Screen
- Button Bar
- Calculator
- Work Area
- Gateway of Tally Menu
- Creation of company
- Accounts Only Company
- Inventory Only Company
- Accounts with Inventory Company
- Alteration of company
- Optional Features of Tally for Financial
- Accounting
- Configuration options of Tally – F12
Account Masters
- Why Account Masters are required
- Concept of Hierarchy of accounts
- Accounting Groups, Accounting Ledgers and Sub Ledgers
- Introduction to Reserved Account Groups available in Tally
- Creation of Account Masters
- Creation/Alteration of Groups
- Alteration of System Generated Reserved
- Groups
- Deletion of Group/Ledger
- Creation/Alteration of Multiple Ledgers/Groups
- Copying Masters
- Set Credit Limits & Credit Periods for
- Debtors &/or Creditors
Account Vouchers
- Introduction to Voucher Screen of Tally
- Voucher Header
- Voucher Body
- How to Save Voucher
- How to Modify saved voucher
- How to Print Voucher online
- What is a Payment Voucher
- What is a Receipt Voucher
- What is a Contra Vouchers
- Making entries through these three types of vouchers in ‘Single Entry Mode’ and ‘Double Entry Mode’
- Use of Voucher Configuration Option
- Concept of Sales and Purchase Account
- Concept of Sales Returns/ Returns Inwards
- Concept of Purchase Returns or Returns Outwards
- Concept of multiple Sales & Purchase Accounts
- What is a Sales Voucher
- What is a Purchase Voucher
- What is a Debit Note
- What is a Credit Note
- Making these voucher entries without Inventory Details Using ‘Voucher Mode’&‘Invoice Mode’for entry of Sales & Purchase
- Voucher
- Concept of adjustments
- What is a Journal Voucher
- Creating new Voucher Types
- Creating new Voucher Class
Non Accounting Vouchers
- Memo Voucher
- Optional Voucher
- Reversing Journal
- Post-Dated
Account Reports
- Query through Alt F12 Range Button
- Query through Ctrl F12 Value Button
- Scale factor for values
- Special Key Combinations available during display
Account Books Cash Book(s)
- Bank Book(s)
- Sales Register
- Purchase Register
- Debit Note Register
- Credit Note Register
- Ledgers
- Statement of accounts
- Trial Balance
- Profit and Loss Account
- Balance Sheet
- Exception Reports
- Interest Calculations
- On Receivables
- On Payables
Inventory Masters
- Introduction to inventory
- Importance of Inventory
- Creation of Company for Accounts With Inventory
- Creation of Inventory Masters
- Stock Groups
- Stock Categories
- Units of Measurement
- Godowns
- Item Master
- Optional Features of Tally for Inventory Accounting
- Configuration options of Tally for inventory
Inventory Voucher Transactions
- Purchase procedure in a company
- Purchase Order
- Receipt of Goods
- Purchase invoice
- Purchase Returns
- Credit Note
- Sales procedure in a company
- Sales Order
- Dispatch of Goods
- Sales invoice
- Sales Returns
- Debit Note
- Using Optional Vouchers for Purchase Enquiry, Quotations
Inventory Options
- Stock Journal
- Physical Stock
- Price List
- Reorder Levels
Inventory Reports
- Reports pertaining to inventory, Printing & Housekeeping
Advanced Features of Tally
- Security Control
- Backup & Restore, Tally Vault etc
Business Management
- Introduction to Cost Centers, Cost Categories
VAT
Training :: Classroom / Online
Duration :: 1 Month Fast Track – 2 Months Regular Track
Course Fees :: 7,500.00
Discounted Fees :: 5,500.00