A Complete Guide on Business Accounting
This entry-level certification helps the learners to be proficient with computerised accounting and Tally.
TallyEssential certification helps learners who are beginners in Accounting and Finance domain to understand fundamental to advanced financial Accounting Concepts.
It has three distinct learning levels: Level 1, Level 2, Level 3 =Tally Comprehensive
Tally Comprehensive – This is a comprehensive certification course on computerised Accounting and Tally. It consists of all the modules as stated in Tally Essential Level 1, Level 2 and Level 3. The practical applications will be done on the new TallyPrime software to keep you at par with the new releases.
Blended Learning Module
The blended learning module combines text-based materials with interactive video content, providing a comprehensive learning experience.
Interactive Learning Materials
Interactive learning materials includes a variety of resources such as explainer videos, tutorial videos, quizzes, and infographics, ensuring an engaging and effective learning journey. Also, access course material for 1 year.
Grading and Assessment
Grading and assessment consists of various question types including multiple choice questions (MCQs), true or false, match the following, and image-based questions.
Verifiable Certificate
The course is designed in accordance with industry-preferred curriculum standards, known as competency frameworks. Upon completion, learners receive a digital certificate verified by Tally.
Tally Prime on AWS
TallyPrime on AWS provides learners access to the licensed version of Tally, offering practical insights and enhancing their skills in handling real-world business scenarios.
Access to Tally Job Portal
The Tally Job Portal offers a seamless interface that connects Tally-certified learners with employers, streamlining the hiring process and boosting career prospects in accounting, finance, and business.
What will you learn?
TallyEssential International Certification | 45 hrs |
Chapter 1: Fundamentals of International Financial Reporting Standards (IFRS) | 5 hrs |
1.1 Introduction to Accounting Information Systems 1.1.1 What Is Accounting? 1.2 Accounting Theories And Concepts 1.2.1 Accounting Theory 1.2.2 Accounting Principles 1.2.3 Accounting Standard 1.2.4 Accounting Convention 1.2.5 Accounting Policies 1.2.6 Principles-Based vs. Rules-Based Accounting 1.3 Accounting Methods: Accrual Vs. Cash 1.4 Accounting Oversight And Regulations 1.4.1 Financial Accounting Standards Board (FASB) 1.4.2 Generally Accepted Accounting Principles (GAAP) 1.4.3 International Financial Reporting Standards (IFRS) 1.4.4 IFRS vs. GAAP 1.4.5 US Accounting vs. International Accounting 1.5 Accounting Systems And Record Keeping 1.5.1 Chart of Accounts (COA) 1.5.2 Journal 1.5.3 Double Entry 1.5.4 Debit 1.5.5 Credit 1.5.6 Closing Entry 1.5.7 Invoice 1.6 Financial Statements 1.6.1 Understanding the Cash Flow Statement 1.6.2 Breaking Down The Balance Sheet 1.6.3 Understanding the Income Statement 1.7 Corporate Accounting 1.7.1 Accountant 1.7.2 Financial Accounting 1.7.3 Financial Accounting and Decision-Making 1.7.4 Corporate Finance 1.7.5 Financial vs. Managerial Accounting 1.7.6 Cost Accounting 1.8 Accounting For Inventory 1.8.1 Inventory Accounting 1.8.2 Last In, First Out (LIFO) 1.8.3 First In, First Out (FIFO) 1.8.4 Average Cost Method Conclusion Key takeaways Practice Exercises |
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Chapter 2: Introduction to TallyPrime | 3 hrs |
2.1 Introduction 2.2 Features of TallyPrime 2.3 Downloading and Installation of TallyPrime 2.4 Types of Licenses in TallyPrime 2.5 Activate New License 2.6 Reactivate License in TallyPrime 2.7 Use License from Network in a Multiuser Environment 2.8 Working TallyPrime in Educational Mode 2.9 Company Creation and Setting up Company Features in TallyPrime 2.10 Getting Started with TallyPrime 2.10.1 Navigating from Anywhere to Anywhere in TallyPrime 2.10.2 F12 Configuration in TallyPrime 2.10.3 Alter Company Details 2.10.4 Shut the Company Conclusion Key Takeaways Practice Exercises |
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Chapter 3: Maintaining Chart of Accounts | 5 hrs |
3.1 Introduction 3.2 Chart of Accounts 3.3 Creation of Masters in TallyPrime 3.3.1 Accounting Masters 3.3.2 Inventory Masters 3.4 Alteration of Masters in TallyPrime 3.5 Deletion of Masters in TallyPrime 3.6 Multi-Masters Creation and Display of Chart of Accounts 3.6.1 Multi Groups Creation 3.6.2 Multi Ledgers Creation 3.6.3 Multi Stock Groups Creation 3.6.4 Multi Stock Items Creation Conclusion Key Takeaways Shortcut Keys Practice Exercises |
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Chapter 4: Recording and Maintaining Business Transactions | 7 hrs |
4.1 Introduction 4.2 Recording Transactions in Tally 4.3 Recording Accounting Vouchers in TallyPrime 4.3.1 Receipt Voucher (F6) 4.3.2 Contra Voucher (F4) 4.3.3 Payment Voucher (F5) 4.3.4 Purchase Voucher (F9) 4.3.5 Sales Voucher (F8) 4.3.6 Debit Note Voucher (Alt+F5) 4.3.7 Credit Note Voucher (Alt+F6) 4.3.8 Journal Voucher (F7) 4.4 Supply Chain 4.4.1 Types of Suppliers 4.5 Inventory Management 4.5.1 Terms Used in Inventory Management 4.6 Recording Inventory Vouchers in TallyPrime 4.6.1 Stock JournalVoucher (Alt+F7) 4.6.2Physical Stock Voucher (Ctrl+F7) Conclusion Key Takeaways Shortcut Keys Practice Exercises |
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Chapter 5: Accounts Receivable and Payable Management | 6 hrs |
5.1 Introduction 5.2 Accounts Payable and Receivable 5.3 Maintain Bill-wise Entry 5.4 Activation of Bill-wise Entry 5.4.1 Usage of Bill-wise entry in Purchase and Payment Voucher 5.4.2 Usage of Bill-wise entry in Sales and Receipt Voucher 5.4.3 Usage of Bill-wise entry in Payment and Receipt Voucher 5.4.4 Usage of Bill-wise entry – On Account 5.5 Specifying of Credit Limit for Parties 5.6 Payment Performance of Debtors 5.7 Bills Payable and Receivable Reports in TallyPrime 5.7.1 Bills Receivable 5.7.2 Ageing Analysis of Outstanding 5.7.3 Generating Reminder Letter in TallyPrime 5.7.4 Generating Confirmation of Accounts in TallyPrime 5.7.5 Bills Settlement 5.7.6 Bills Payables Conclusion Key Takeaways Shortcut Keys Practice Exercises |
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Chapter 6: Cost/Profit Centres Management | 4 hrs |
6.1 Introduction 6.2 Cost Centre and Cost Categories 6.2.1 Activation of Cost Centre 6.2.2 Allocation of Expenses and Incomes using Cost Centre 6.3 Cost Centre Reports 6.3.1 Category Summary 6.3.2 Cost Centre Break-up 6.3.3 Ledger Break-up 6.3.4 Group Break-up Conclusion Key Takeaways Shortcut Keys Practice Exercises |
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Chapter 7: Purchase and Sales Order Management | 6 hrs |
7.1 Introduction 7.2 Purchase Order Processing 7.2.1 Recording of Purchase Order 7.2.2 Recording of Receipt Note Voucher 7.2.3 Recording Rejections Out Voucher 7.2.4 Recording Purchase Voucher 7.2.5 Recording Debit Note Voucher 7.2.6 Recording Payment Voucher 7.3 Sales Order Processing 7.3.1 Recording of Sales Order In TallyPrime 7.3.2 Recording Delivery Note Voucher 7.3.3 Recording Rejections In Voucher 7.3.4 Recording of Sales Voucher 7.3.5 Recording Receipt Voucher 7.4 Order Outstandings 7.4.1 Sales Order Outstanding 7.4.2 Purchase Order Outstanding 7.4.3 Pre-Closure of Orders Conclusion Key Takeaways Shortcut Keys Practice Exercises |
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Chapter 8: Generating Financial Statements and MIS Reports | 3 hrs |
8.1 Introduction 8.2 Final Accounts Reports in Tally 8.2.1 Trial Balance 8.2.2 Profit and Loss Account 8.2.3 Balance Sheet 8.2.4 Cash Flow & Fund Flow Analysis Report 8.2.5 Receipts and Payments 8.3 MIS Reports in Tally 8.3.1 Stock Summary Analysis 8.3.2 DayBook 8.3.3 Cash and Bank Book 8.3.4 Purchase Register 8.3.5 Sales Register 8.3.6 Journal Register 8.4 Bird’s eye view/Drill down display from anywhere to anywhere Conclusion Key Takeaways Shortcut keys Practice Exercises |
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Chapter 9: Data Security | 3 hrs |
9.1 Introduction 9.2 Security Control 9.3 Activation of Security Control 9.4 Creation of Security Levels (User Roles) 9.5 Creation of Users And Passwords for Company 9.6 Accessing the company using Security Levels 9.7 Auto Login 9.8 TallyVault Conclusion Key Takeaways Shortcut Keys Practice Exercises |
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Chapter 10: Company Data Management | 3 hrs |
10.1 Introduction 10.2 Backup of Company Data 10.3 Restoring of Company Data 10.4 Company Data Repair Conclusion Key Takeaways Shortcut Keys Practice Exercises |
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Key Answers for Practice Exercises |
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Get in touch with us for any enquiry
This module summarizes the Fundamentals of Accountancy, starting with the accounting terms, concepts, right up to the double entry system of accounting. It explains the need and usage of Golden Rules of Accounting in the books of accounting and recording the business transactions.
This introductory module on Accounting using Tally explains how simple it is to download and install Tally in the system. This module helps you understand the simplest way of creating a company and the company features and configurations.
This module shows you how simple it is to create, alter and display the Chart of Accounts such as Ledgers, Groups, Stock Items and Units of Measure Creation.
This module covers how to record transactions such as Receipt, Contra, Payment, Purchase, Sales, Debit Note, Credit Note, and Journal Vouchers with practical scenarios.
This module covers the basic Banking Feature, Cheque Printing, Bank Reconciliation, Generating Deposit Slips including Payment Advice.
This module covers all MIS reports in Tally; Trail Balance, Balance Sheet, Profit and Loss account, Cash Flow Statement, Ratio Analysis, Daybook, Receipts and Payments, Purchase and Sales Register including Inventory Reports.
This module covers Securing Financial Information of the Company, Creating Security Control, User Roles, Creation of Users and Change User.
This module covers how to securely take company data and restore without any data loss.
This module helps you understand the meaning and types of inventories. Also covers the creation of inventory masters such as Stock Groups, Stock Category, Warehouse and Batches.
This module covers the fundamentals and concepts of Outstanding Management, Enabling Bill-wise practical business scenarios on the given references such as, New Reference, Against Reference, Advance Reference, On account Reference with illustrations along with Bill Settlement and Credit Limit feature.
This module covers Management of Sales and Purchase Cycle, Placing an Order, Handling Rejections, Raising an Invoice against the order and complete it with receipts and payments.
This module covers how to maintain additional costs incurred on purchase of stock.
This module covers how to allocate expenses and incomes to different cost unit of the organization, automation of allocation of cost centre by creating cost centre classes in Tally and updating the reports instantly, once after recording the transactions.
This module covers how to maintain Budgets & Scenario Management in Tally
This module covers how to generate and print all Books and Registers in Tally including Inventory Reports.
This module covers Tax Deducted at Source and enables configuring TDS at different levels and record Basic TDS transactions, TDS payment to government, generating TDS challan and generating TDS reports.
This module covers Export and Import, and Open Database Connectivity (ODBC).
This module covers Export and Import, Splitting Company, and Group Company.
GST (Goods and Services Tax) simulation is a practical and interactive training tool that replicates the processes and calculations involved in GST transactions. This is designed to empower our learners with real-time practice and expertise in GST management (GST returns, generating e-Way bill, and e-Invoicing)
This courseware is highly recommended for learners who aspire to build a successful career in Accounts, Finance, Taxation, Administration and Banking sectors or as an entrepreneur. To get enrolled for TallyEssential, one must have completed 12th/Pre-university course (PUC).
To get enrolled for TallyEssential, one must have completed 12th/Pre-university course (PUC) in any stream. You can then take the course since it has been designed in the best and simplest way possible which is aligned with the all new TallyPrime software.
TallyEssential is a comprehensive certification program. It covers topics from basic to intermediate financial accounting concepts. It has 3 levels, and the content is aligned with the current market requirement which makes it industry-preferred.
TallyEssential is an incremental learning and its covers basic to intermediate concepts. And hence it is always recommended to go step by step to make the most out of the course.
The assessment is necessary to complete the course and attain the specialization certificate which will help your career growth and enable you to showcase the certificate.
If you take level-wise course, then you get certificate for each level. If you join for TallyEssential as a single course, single certificate will be issued.
You can enroll for the course through our partner network spread across the country and globally. Locate A Partner nearby and enroll today for the course.
The course is priced at a very competitive cost. We would encourage you to Locate A Partner and immediately get enrolled. You have an option to enroll today with our partners and pay later. Check the details to know more.