Accounting with Tally : BASIC OF ACCOUNTING - Introduction, Types of Accounts, Accounting

Principles or concepts. Mode of Accounting, Rules of Accounting, Double-entry system of

bookkeeping.

Company Info Menu - Select Company, Shut company, Create company, Alter company, Security

control, Change tally vault, Backup & Restore, Tally audit feature. Accounting Information-

Accounting Configuration & Features, Group Creation, Multiple Group Creation, Ledger Creation,

Multiple Ledger Creation, New Youcher Creation. Advance Ledger Creation, Inventory

Information- Inventory configuration & features, Inventory info. Menu, Stock groups, Stock

categories, Stock item, Unit of measurement, Bills of materials. Locations / Godowns, Batches &

Expiry, Inventory voucher types. Voucher Entry - Accounting voucher, Inventory voucher,

optional & non-accounting voucher, Order processing, Advanced voucher entry, Purchase Order

Processing, Multiple price level, Advance Features & Configurations.

Taxalion - VAT, CST, TDS& TDS Report & Return, TCS, Service Tax, Excise Tax, FBT Tax, GST

Activating GST For Company. Setting Up GST Rates, Updating Stock Items and Stock Groups for GST

Compliance, Creating GST Ledgers, Creating Income and Expense Ledgers, Recording Sales and

Printing Invoices, Recording Purchases, Recording a Tax Payment. Reports - Display financial

statements (Display balance - sheet, configuring the balance sheet, Integrate accounts with inventory, setting closing- stock manually in the balance sheet with different stock valuation

methods), Display profit & loss A/c (configuring profit & loss A/c, income/expense statement

instead of P&L), Display trial balance (configuring in trial balance), Display registers & ledgers

(display sales register, purchase register, cash book , bank book, journal register, day book,

statement of accounts.

Payroll Managemant - Employee Creation, Salary Define, Employee Attendance Register. Pay

Heads Creation, Set formulas. Generate Salary for month or specified session, Salary Report&

export in different formats.

Data management & Administration - Backup & Restore, Split a company, export & Import of

data, E-Capabilities [E-mail areport from tally), Uploading the reports generated from tally,