Tally Prime

Tally Prime Course

The Tally Prime course at Yuva Sakthi Academy is expertly designed to equip participants with essential skills for managing accounts and finances effectively. This course caters to individuals ranging from beginners to experienced professionals looking to enhance their proficiency in accounting and business management.

Participants will explore the functionalities of Tally Prime, learning how to handle financial transactions, manage inventory, and generate various reports. The course emphasizes hands-on practice, ensuring learners can apply their skills in real-world scenarios, thereby improving their operational efficiency.

Throughout the training, participants will engage in practical exercises covering a range of topics, including ledger management, GST compliance, payroll processing, and advanced reporting techniques. This hands-on approach helps learners build confidence in their ability to utilize Tally Prime effectively.

The Tally Prime course also prepares candidates for various certification opportunities, adding value to their professional portfolio. Instructors are experienced accountants who share industry insights, providing tips and best practices that can significantly enhance efficiency and accuracy in financial management.

About Tally Prime Training

Yuva Sakthi Academy's Tally Prime training provides a comprehensive understanding of the software's capabilities, allowing participants to become proficient in accounting principles, financial analysis, and reporting. This training emphasizes both technical skills and practical application, enabling learners to navigate the software confidently.

Participants will learn to leverage features such as bank reconciliation, inventory management, and effective GST handling, along with the importance of preparing accurate financial statements. By the end of the course, candidates will be well-equipped to tackle diverse financial tasks and challenges using Tally Prime.

The Tally Prime course at Yuva Sakthi Academy empowers individuals to streamline their financial workflows, improve their accounting skills, and effectively manage business operations. This training not only prepares participants for immediate accounting tasks but also lays the groundwork for ongoing learning and professional development in the dynamic field of finance.

Module 1: Introduction to Tally Prime

• Overview of Tally Prime interface
• Installation and configuration of Tally Prime
• Creating a new company and understanding settings
• Navigation tips and tricks for efficient usage

Module 2: Accounting Fundamentals

• Understanding accounting principles and concepts
• Exploring the types of accounts: personal, real, and nominal
• Creating and managing ledgers
• Understanding journals and journal entries

Module 3: Voucher Entry and Management

• Types of vouchers: payment, receipt, sales, and purchase
• Creating and processing various vouchers
• Editing and deleting vouchers
• Generating trial balance reports from vouchers

Module 4: Generating Financial Statements

• Preparing trial balance reports
• Creating trading, profit and loss accounts
• Understanding balance sheets and their components
• Analyzing financial statements for decision-making

Module 5: Inventory Management

• Understanding the basics of inventory management
• Creating stock items and groups
• Managing stock valuation methods
• Setting up **Godowns** for inventory tracking
• Managing inventory across multiple **Godowns**

Module 6: Multi-Godown Management

• Setting up and configuring multiple godowns
• Transferring stock between godowns
• Generating reports for each godown
• Understanding stock valuation across multiple godowns

Module 7: GST Compliance in Tally Prime

• Understanding GST fundamentals (CGST, SGST, IGST)
• Configuring GST settings in Tally Prime
• Creating GST-compliant invoices and vouchers
• Generating GST returns and reports

Module 8: Managing Multi-Currency Transactions

• Setting up multi-currency functionality
• Creating foreign currency transactions
• Understanding currency conversion rates
• Generating multi-currency financial reports

Module 9: Debit and Credit Notes

• Understanding the purpose of debit and credit notes
• Creating and processing debit notes
• Creating and processing credit notes
• Generating reports related to debit and credit notes

Module 10: Payroll Management

• Understanding payroll concepts and terms
• Setting up employee records and details
• Creating salary structures and processing payroll
• Generating payroll reports (salary slips, PF, ESI)

Module 11: Bank Reconciliation Statements (BRS)

• Understanding the importance of bank reconciliation
• Preparing bank reconciliation statements in Tally
• Resolving discrepancies between bank and book balances
• Generating BRS reports and analyzing them

Module 12: Advanced Reporting Techniques

• Using advanced reporting features in Tally
• Customizing reports for specific needs
• Understanding and using dashboards in Tally Prime
• Exporting reports to various formats

Module 13: Practical Applications and Case Studies

• Hands-on projects simulating real-world scenarios
• Reviewing case studies for best practices
• Preparing for certification exams and professional advancement
• Q&A sessions for clearing doubts and queries