
Download and install Tally Prime by visiting the official website totally solutions dot com, clicking the download link, and saving the setup file.
Install tally prime using the setup, customize the installation path and desktop shortcut, configure start menu entry, and set startup country, accounting rules, and data location in educational mode.
Learn to set up a new company in Tally and transfer manual balance sheet data into Tally, including entering company details, financial year start, and enabling GST features.
Learn ledger creation in tally with opening balances for capital, fixed assets, sundry creditors and debtors, and GST ledgers, guided by the gateway of tally workflow.
Learn about adding stock details like - opening balance, quantity etc. in Tally.
Record a cash sale in tally prime for two monitors at 7000 each, using the cash account and sales ledger, entering quantity, rate, and gst inclusive of tax.
Record a credit purchase from alpha electronics by creating supplier ledger and mouse item, enter invoice details dated October 5, and set a bill-wise reference with a due date.
Record bank deposits and inter-bank transfers using the contra voucher in Tally Prime. Learn to create bank ledgers, select accounts, and enter denominations when depositing cash.
Record a purchase return with a debit note, linking to the original invoice from Alpha Electronics and returning one mouse purchased for 2000 in purchase ledger with no GST details.
Create and configure units in Tally ERP, defining symbols, formal names, and GST-compliant quantity units (beef, pieces, unit), and manage startup defaults and unit edits.
Define compound units in Tally Prime by creating simple units first and linking them as component units. Explore examples like box of 15 pieces and pack of 10 pieces.
Explore stock item creation with compound units, like a 15-piece box, and using alternate units such as bags and kilograms for purchases and sales with defined relations.
Record GST purchase transactions in Tally Prime by creating supplier ledgers, using item invoice mode, and applying input and output GST for credit and cash purchases with proper date-period alignment.
Learn to compute GST by adding packing charges to the tax base and deducting discounts before GST, and configure packing charge and discount ledgers in Tally.
Learn how to record sales returns with credit notes, adjust GST liability, and reverse ITC, including detailing original invoices and reasons for sales returns.
Learn how to record GST set-off in Tally ERP with GST portal, debiting output GST to reduce liability and crediting input GST to reduce assets, finalizing accounts.
Learn to file GSTR-1 by exporting a JSON file, uploading to the GST portal, and preparing online summaries for Jan–Mar, including B2C and B2B invoicing details.
Record an import entry in tally by creating ledgers, classify as imports taxable, compute gst on 64,900, and allocate customs duty, igst credits, and transport costs to determine landing cost.
Learn how bank reconciliation verifies records against bank statements to identify discrepancies and correct entries using manual and auto reconciliation methods.
Learn to set up department-based payroll in Tally Prime, defining earnings like basic, HRA, overtime; configure attendance, time units, deductions, contributions, and copy salary structure to employees.
In this lecture you will learn how to define Attendance Data - Present, Absent, Overtime. Create a Basic Payhead with detailed explanation.
Learn to create the basic pay head in Tally Prime, define fixed vs variable income, assign tax components, and configure attendance-based calculation by days in month.
Configure the HRA pay head by creating a computed value equal to 40% of basic, include it in salary, and exclude it from gratuity calculations.
Configure the employee epf deduction as a statutory deduction, classify it under current liabilities, apply 12% of basic pay monthly, define payslip text, and save the configuration.
Configure esi deduction as a statutory current liability that prints on the payslip, affects the next salary, and applies 0.75% on gross earnings (basic, hrt, conveyance, overtime) using a formula.
If you do not require to follow corporate compliance for salary calculation, follow the steps given in this lecture where a simple payroll method is discussed. In the video that follows, you will also learn about processing salary when advance is paid to an employee.
This file is a worked out payroll example in Tally for those who are not able get ESI calculation. To access it unzip the folder and then you need to close existing company by pressing ALT+F1, then select, select company, change the path by pressing backspace to the location of this downloaded Tally file and you will be able to see the company name as Example.
Then from GoT=>Display=>Payroll Reports=>Stmts of Payroll=>Payroll Register=>Select April month and you should be able to see basic and press enter there and use tab key to navigate. You will be able to see that ESI is not calculated for salary below 21,000.
Try to capture new attendance for unused months and see yourself.
Outcomes:
Use Tally like a professional.
Meet all your bookkeeping requirements.
You will gain solid foundation of Tally.
You will comfortably be able to maintain accounts of your business.
30 Days Refund from Udemy Guarantees you are Satisfied with the Purchase.
By enrolling in this course you will learn :
Accounting basics like debits and credits and post entries with confidence.
How to use Tally in middle of the financial year and transfer accounts data.
Set up details of stock, and filter reports like availability of certain stock with particular feature.
For example: How many laptops with i5 processor are available in your store.
Bank Reconciliation - Match bank statement entries with your records of bank entries.
GST Set-Off, Reverse Charge, Goods Transport Agency and how to enter its related multiple journal entries in Tally.
Learn complete Corporate Payroll(Employee attendance) set up that complies with Govt. prescribed deduction rates.
Learn Manufacturing Process where you can arrive at cost of item you manufacture, from cost of various parts/components involved in making up of product.
Customize sales invoice number format that looks like - BN/001/19-20 and much more.
File GSTR 1 and GSTR 3B with tax payment from Bank and record those entries in Tally.
Learn above topics with completeness unlike short courses that teaches at basic level or long courses that takes more time than required.
Learn not just to use Tally but also think of maintaining compliant bookkeeping practices.
Student Testimonials:
It is very good course. I was able to learn all the aspects of accountancy, inventory, cost center analysis and TDS. It will be very beneficial for my official life.
- Krishnan Jaishankar
Exactlly What I was Looking for with regards to Tally Learning. Nice Course Cheeeeers!!!
- Chandra Shekar
The course was very simplified for a beginner like me which helped me to better understand the process. Also, the repetation of processes helped to retain them. The doubt solving mechanism was beyond expectation as for such quick replies that helped me to maintain the pace of learning as well.
- Abhinav Garkhail
GREAT TO LEARN BASIC THINGS AND EXPLAINED IN VERY EASY WAY WITH GOODS INDUSTRIAL EXAMPLES COMPLETING ALL DEPARTMENT
- Nirmal Balayar
Teaching is clear. Easy to understand.
- Durga Devi Murugan
Note:
This course is intended for learning purpose and doesn't serve as an advise with regard to accounting/corporate compliance.
I hope you benefit from the knowledge which you gain from this course.
Happy Learning.