Tally 5.1

Tally 5.1

Tally 5.1 Course Syllabus

Module 1: Introduction to Tally

• Overview of Tally and its features
• Installing and setting up Tally
• Understanding Tally Interface
  • Gateway of Tally
  • Menu options and navigations
• Basics of accounting principles and Tally's role

Module 2: Creating and Configuring Accounts

• Creating a company in Tally
• Company features and configurations
• Chart of Accounts:
  • Creating ledgers and groups
  • Modifying and deleting ledgers
  • Ledger hierarchy and types of ledgers
• Voucher entry types:
  • Receipt, Payment, Purchase, and Sales Vouchers

Module 3: Financial Accounting in Tally

• Recording business transactions
• Day Book and ledger analysis
• Trial Balance preparation
• Balance Sheet and Profit & Loss account
• Bank reconciliation

Module 4: Inventory Management

• Inventory masters:
  • Stock groups, stock categories, and stock items
• Units of measurement
• Stock vouchers (inward and outward entries)
• Managing inventory and stock reports

Module 5: Taxation (Applicable Laws)

• Introduction to taxation concepts
• Sales Tax, VAT, and Excise (based on regional compliance for the version)
• Recording taxable transactions in Tally

Module 6: Cost and Budget Management

• Cost categories and cost centers
• Allocating costs to transactions
• Budget creation and variance analysis

Module 7: Payroll Management (Basic)

• Introduction to payroll in Tally
• Employee master creation
• Payroll processing and reporting

Module 8: Data Management and Security

• Data backup and restore
• Exporting reports
• Company data splitting and merging
• Password protection and user management

Module 9: Generating Reports

• Financial reports: Cash Flow and Fund Flow statements
• Statutory and management reports
• Customization of reports

Module 10: Practical Applications and Case Studies

• Real-world business scenarios
• Solving common accounting issues using Tally
• End-to-end business operations simulation