Tally Prime

Week 1: Fundamentals of Accounting & TallyPrime Basics

• Days 1-3: Accounting Fundamentals

  • Introduction to Accounting: Basic terms (assets, liabilities, income, expenses), Golden Rules of Accounting (Debit/Credit).

  • Types of Accounts.

  • Double-entry system.

  • Source documents for accounting (invoices, receipts, vouchers).

• Days 4-7: Introduction to TallyPrime & Company Management

  • What is TallyPrime? Its features and benefits.

  • Downloading and installing TallyPrime.

  • Company creation: Setting up a new company in TallyPrime, altering company details, selecting/shutting a company.

  • Basic company features and configurations.

  • Understanding the Gateway of Tally.

Week 2: Master Creation & Basic Voucher Entries

• Days 8-12: Master Creation (Ledgers & Groups)

  • Creating accounting groups (primary and secondary).

  • Creating ledgers (e.g., Cash, Bank, Sales, Purchases, Debtors, Creditors).

  • Altering and deleting ledgers/groups.

  • Entering opening balances.

• Days 13-14: Inventory Masters (Basic)

  • Creating Stock Groups, Stock Categories.

  • Creating Units of Measure (UOM).

  • Creating Stock Items.

  • Creating Godowns/Locations.

Week 3: Core Transaction Recording & Basic Reports

• Days 15-21: Accounting Voucher Entries

  • Understanding different voucher types (Payment, Receipt, Contra, Journal, Purchase, Sales).

  • Recording cash and bank transactions.

  • Recording purchase and sales transactions (with bill-wise details).

  • Recording other journal entries.

  • Basic Debit Note and Credit Note entries.

• Days 22-23: Basic Inventory Vouchers

  • Purchase Order and Sales Order processing.

  • Receipt Note and Delivery Note entries.

• Days 24-25: Basic Reporting

  • Viewing Day Book.

  • Accessing Trial Balance.

  • Generating Cash Book and Bank Book.

  • Basic Ledger and Group reports.

Week 4: GST & Other Essential Features

• Days 26-28: Goods and Services Tax (GST) - Introduction & Basic Entries

  • Introduction to GST: Concepts, types (CGST, SGST, IGST).

  • Activating GST in TallyPrime.

  • Creating GST-related ledgers and setting tax rates for stock items.

  • Recording GST-compliant purchase and sales transactions (local and interstate).

  • Viewing basic GST reports (e.g., GSTR-3B, GSTR-1 in Tally).

• Days 29-30: Banking & Data Management

  • Banking features: Cheque management, manual bank reconciliation.

  • Data Backup and Restore.

  • Exporting reports (PDF, Excel).

  • Basic Security Controls (user creation, password).

Week 1-2: Fundamentals & Company Setup (Review and Deeper Dive)

• Recap/Deep Dive into Accounting Basics:

  • Concepts: Assets, Liabilities, Equity, Revenue, Expenses.

  • Accounting Equation, Golden Rules of Accounting.

  • Types of Accounts: Personal, Real, Nominal.

  • Trial Balance, Profit & Loss Account, Balance Sheet (manual understanding).

• TallyPrime Introduction & Company Management:

  • Detailed installation and interface navigation.

  • Advanced company creation options (security control, TallyVault, splitting company data).

  • F11 (Features) and F12 (Configure) options in detail.

  • Backup and Restore procedures.

Week 3-4: Master Creation & Advanced Voucher Entries

• Accounting Masters:

  • Detailed Group and Ledger creation (understanding ledger types and their impact on financial statements).

  • Cost Categories and Cost Centres: Creation and allocation for detailed expense tracking.

  • Budgeting: Creation and monitoring of budgets for financial control.

• Inventory Masters:

  • Comprehensive Stock Groups, Categories, Items, Units of Measure (UOMs).

  • Multiple Godowns/Locations management and stock transfers.

  • Batch-wise and Expiry Date management for specific industries (e.g., pharmaceuticals).

  • Price Levels and Price Lists: Setting up different pricing structures for various customer types.

• Voucher Entries (Comprehensive):

  • All standard accounting vouchers (Payment, Receipt, Contra, Journal, Purchase, Sales) with advanced options (e.g., optional vouchers, post-dated vouchers, reversing journals).

  • Debit Note & Credit Note with reference to original transactions.

  • Inventory vouchers: Purchase Order, Sales Order, Rejection In/Out, Delivery Note, Receipt Note.

  • Stock Journal for inter-godown transfers and manufacturing adjustments.

Week 5-6: Taxation (GST & TDS) and Banking

• Goods and Services Tax (GST) - Detailed:

  • In-depth understanding of GST concepts (CGST, SGST, IGST, UTGST, RCM).

  • Detailed setup of GST in TallyPrime for various scenarios (intra-state, inter-state, exports, imports, exempted).

  • Recording all types of GST transactions (purchases, sales, services).

  • Generating and understanding GST Reports (GSTR-1, GSTR-3B) and their reconciliation (2A/2B).

  • Introduction to e-Invoicing and e-Way Bill generation from TallyPrime.

• Tax Deducted at Source (TDS):

  • Introduction to TDS concepts and sections.

  • Activating and configuring TDS in TallyPrime.

  • Creating TDS masters (Nature of Payments, Parties with PAN details).

  • Recording transactions with TDS deduction and payment.

  • Generating basic TDS reports.

• Banking & Reconciliation:

  • Comprehensive Bank Reconciliation Statement (BRS), including auto-reconciliation.

  • Cheque printing and management.

  • Deposit slips, payment advice.

  • E-payments functionality.

Week 7-8: Advanced Features & Reporting

• Advanced Accounting Features:

  • Interest Calculations (simple and compound) on outstanding receivables/payables.

  • Scenario Management and Budgets for financial planning and comparison.

  • Credit Limits for parties.

• Inventory Features:

  • Bill of Materials (BOM) for manufacturing industries.

  • Job Costing (if applicable).

• Payroll Management (Introduction/Basic):

  • Enabling Payroll in TallyPrime.

  • Creating Employee Groups and Employee Masters.

  • Defining Pay Heads (Earnings, Deductions, Statutory Deductions like PF, ESI).

  • Basic Payroll Vouchers (Attendance/Production, Payroll Voucher).

  • Generating Payslips.

• Management Information System (MIS) Reports:

  • In-depth analysis of Profit & Loss Account, Balance Sheet, Trial Balance.

  • Cash Flow and Funds Flow Statements.

  • Inventory Reports (Stock Summary, Godown Summary, Stock Query).

  • Receivables & Payables Management (Outstanding Reports).

  • Ratio Analysis.

  • Customizing and drilling down into reports for detailed insights.

  • Exporting reports in various formats (PDF, Excel, XML).

Module 1: Accounting Fundamentals & TallyPrime Basics (Approx. 15 Days)

• Deep Dive into Accounting Concepts:

  • Basic Accounting Principles (GAAP, IFRS - overview).

  • Types of Accounts, Golden Rules, Journalizing, Ledgers, Trial Balance.

  • Preparation of Final Accounts (Trading, P&L, Balance Sheet) - conceptual and manual.

  • Accounting Equation, Depreciation methods.

• TallyPrime Software Overview:

  • Installation, interface, navigation.

  • Company Creation: Detailed settings (security, TallyVault, user management, audit features).

  • Understanding F11 (Company Features) and F12 (Configuration) in depth.

  • Data Management: Backup, Restore, Split Company Data, Export/Import of data.

Module 2: Master Creation & Advanced Voucher Entries (Approx. 20 Days)

• Accounting Masters - Advanced:

  • Detailed Ledgers & Groups with their financial impact.

  • Cost Centres & Cost Categories: Comprehensive allocation for expenses, revenue, and profitability analysis.

  • Budgeting & Scenario Management: Creating and analyzing budgets, understanding scenarios (e.g., provisional entries, reversals).

  • Multi-Currency: Setup, transactions in foreign currency, automatic and manual forex gain/loss adjustments.

  • Interest Calculation: Activating, configuring, and applying interest on outstanding balances (simple and compound).

  • Credit Limit Management: Setting credit limits for parties and understanding its impact.

• Inventory Masters - Comprehensive:

  • Stock Groups, Stock Categories, Stock Items, Units of Measure (UOMs), Godowns/Locations.

  • Batch-wise & Expiry Date Management: Crucial for industries like pharmaceuticals, food.

  • Price Levels & Price Lists: Managing different selling prices for different customer segments.

  • Reorder Levels: Setting and managing reorder quantities for inventory control.

  • Bill of Materials (BOM): For manufacturing processes, defining components for finished goods.

• Voucher Entries - Exhaustive:

  • All standard accounting vouchers (Payment, Receipt, Contra, Journal, Purchase, Sales) with all available options.

  • Advanced Features: Optional Vouchers, Post-Dated Vouchers, Reversing Journals, Memorandum Vouchers.

  • Order Processing: Detailed Purchase Order, Sales Order, Job Work Order (if applicable).

  • Inventory Tracking: Receipt Note, Delivery Note, Rejection In/Out.

  • Stock Journal: Manufacturing Journal, Godown transfers, physical stock adjustment.

  • Point of Sale (POS) Invoicing: For retail environments.

  • Voucher Classes: Streamlining entry for specific transactions (e.g., Sales Invoice with auto-calculated GST).

Module 3: Taxation & Compliance (GST, TDS, TCS, Payroll) (Approx. 30 Days)

• Goods and Services Tax (GST) - Mastery Level:

  • In-depth understanding of all GST concepts (Supply, ITC, RCM, Place of Supply, Time of Supply, Valuation).

  • Comprehensive GST Setup: For various business types (regular, composition, casual, non-resident).

  • All types of GST transactions: Purchases (local, interstate, import of goods/services, RCM), Sales (local, interstate, export, deemed export), Services.

  • GST Reports: Detailed analysis of GSTR-1, GSTR-3B, GSTR-2A/2B reconciliation.

  • E-Invoicing & E-Way Bill: Generating and managing via TallyPrime's connected services.

  • Handling adjustments and payments of GST.

  • Dealing with GST returns and their submission process.

  • Auditing GST data for accuracy.

• Tax Deducted at Source (TDS) - Advanced:

  • Detailed understanding of TDS provisions, sections, and rates.

  • Comprehensive TDS configuration in TallyPrime.

  • Creating all necessary TDS masters (Nature of Payments, Assess Type).

  • Recording various TDS transactions, including complex scenarios.

  • TDS payments and challan reconciliation.

  • Generating and exporting TDS reports (e.g., Form 26Q, 27Q).

• Tax Collected at Source (TCS) - Full Coverage:

  • Understanding TCS provisions and applicability.

  • Setting up TCS in TallyPrime.

  • Recording TCS transactions and payments.

  • Generating TCS reports.

• Payroll Management - Comprehensive:

  • Enabling and configuring Payroll features.

  • Creating Employee Groups and Employee Masters (detailed information).

  • Defining Pay Heads (Earnings, Deductions, Loans & Advances, Statutory Deductions like PF, ESI, Professional Tax, LWF).

  • Salary Structure definition.

  • Recording Attendance/Production data.

  • Processing Payroll Vouchers (including multi-payroll).

  • Generating detailed Payslips, Payroll Statements, Provident Fund (PF) Reports, Employee State Insurance (ESI) Reports, Professional Tax Reports, Gratuity Reports.

  • PF ECR (Electronic Challan-cum-Return) generation.

Module 4: Financial Management, Reporting & Advanced Utilities (Approx. 25 Days)

• Financial Statement Analysis:

  • Detailed Balance Sheet, Profit & Loss Account, Trading Account.

  • Cash Flow Statement & Funds Flow Statement: Generation and interpretation.

  • Ratio Analysis: Understanding key financial ratios (liquidity, solvency, profitability, efficiency) and their calculation in TallyPrime.

  • Analyzing financial data for decision-making.

• Inventory & MIS Reports - Deep Dive:

  • Stock Summary, Godown Summary, Stock Query.

  • Movement Analysis, Stock Ageing Analysis, Cost Estimation Reports.

  • Sales/Purchase Register analysis, Outstanding management.

  • Job Work Analysis, Job Costing.

• Banking Features - Enhanced:

  • Automated Bank Reconciliation.

  • Cheque Printing, Deposit Slips, Payment Advice.

  • E-Payments using TallyPrime.

• Data Security & Control:

  • User-level security, access controls, Tally.NET user management.

  • Tally Audit features for verifying data integrity.

• Connectivity & Online Access:

  • Understanding Tally Software Services (TSS) benefits.

  • Accessing reports from web browsers.

  • Integration with WhatsApp for sharing documents.

• Utilities:

  • Exporting/Importing data (XML, Excel, PDF).

  • Printing configurations for various documents (invoices, vouchers, reports).

  • TallyPrime customization (brief introduction to TDL for advanced users, if time permits).

• Project Work & Interview Preparation:

  • Working on a comprehensive real-world project to integrate all learned concepts.

  • Resume building tips.

  • Common interview questions for TallyPrime users.

Phase 1: Foundation & Core Accounting Mastery (Approx. 45 Days)

1. In-depth Accounting Principles & Standards:

   • Review of Double-Entry System, Accounting Equation.

   • Accounting Concepts & Conventions (Going Concern, Accrual, Matching, Consistency, etc.).

   • Types of Accounts, Ledger Posting, Trial Balance.

   • Detailed Final Accounts Preparation: Trading A/c, Profit & Loss A/c, Balance Sheet (with adjustments like depreciation, outstanding/prepaid expenses, accrued/unearned income, bad debts, provisions).

   • Introduction to IFRS/Ind AS concepts (overview).

   • Journal entries for complex scenarios.

2. TallyPrime Environment Mastery:

   • Advanced Company Creation: Statutory & taxation features, security controls (TallyVault, user-level security, audit features, user activity logs).

   • Company Data Management: Comprehensive Backup, Restore, Split, and Merge Company Data.

   • Data Migration from Tally.ERP 9 to TallyPrime.

   • Understanding and utilizing all F11 (Company Features) and F12 (Configure) options.

   • Troubleshooting common Tally errors.

3. Master Creations - Comprehensive:

   • Accounting Masters: Advanced Grouping & Ledger creation, understanding their impact on financial statements. Cost Categories, Cost Centres (detailed allocation, reporting, profitability analysis by cost center).

   • Multi-Currency: Setup, daily transactions, automatic & manual forex gain/loss adjustments, multi-currency reporting.

   • Budgeting & Scenario Management: Creating multiple budgets, actual vs. budget analysis, creating scenarios for provisional entries, reversals, and memorandum vouchers for 'what-if' analysis.

   • Interest Calculation: Comprehensive setup and application of simple and compound interest on receivables and payables, interest statements.

Phase 2: Advanced Inventory & Business Management (Approx. 45 Days)

1. Advanced Inventory Management:

   • Detailed Stock Groups, Stock Categories, Stock Items (including variants), Units of Measure (UOMs), Alternate UOMs.

   • Godown/Location Management: Multi-level godown setup, stock transfers, inter-godown transfers with costing.

   • Batch-wise & Expiry Date Management: In-depth for pharmaceuticals, FMCG, and other relevant industries.

   • Bill of Materials (BOM): Comprehensive setup for manufacturing, accounting for raw materials, work-in-progress, and finished goods, co-products, by-products, and scrap.

   • Price Levels & Price Lists: Advanced configurations for different customers, regions, or quantities.

   • Reorder Levels & Minimum Order Levels: Advanced stock planning and control.

   • Inventory Valuation Methods: FIFO, LIFO, Weighted Average, Standard Cost (conceptual & application in Tally).

2. Order Processing & Logistics:

   • Comprehensive Purchase Order Management (including amendments, cancellations).

   • Sales Order Management (including backorder processing, partial delivery).

   • Job Work Out/In Orders: Detailed processing for manufacturing sub-contracting.

   • Tracking of Delivery Notes, Receipt Notes, Rejection In/Out.

3. Point of Sale (POS) & Billing:

   • Setup and configuration of POS.

   • POS invoicing, discount management, multi-mode payments.

   • Customization of POS invoice printing.

4. Advanced Banking & Financial Controls:

   • Automated Bank Reconciliation: Setting up bank accounts for auto-reconciliation, importing bank statements.

   • Cheque Management (printing, post-dated cheque management).

   • E-Payments: Facilitating online payments through TallyPrime.

   • Cash & Fund Flow Statements: Detailed analysis and interpretation.

   • Credit Management: Setting up credit limits, tracking outstanding, reminders.

Phase 3: Comprehensive Taxation & Statutory Compliance (Approx. 50 Days)

1. Goods and Services Tax (GST) - Expert Level:

   • Deep dive into GST Law, Acts, Rules, and amendments.

   • Advanced GST Setup: For complex business scenarios (e.g., deemed exports, SEZ, e-commerce, casual taxable person).

   • All types of GST transactions: RCM (Reverse Charge Mechanism) for goods and services, import/export procedures.

   • ITC (Input Tax Credit): Eligibility, apportionment, blockage, reversal.

   • GST Reports & Reconciliation: In-depth analysis of GSTR-1, GSTR-2A/2B/2B reconciliation, GSTR-3B. Identifying and correcting mismatches.

   • E-Invoicing & E-Way Bill: Comprehensive generation, management, and cancellation processes within TallyPrime and connected services.

   • GST Annual Return (GSTR-9/9C) - Overview and data preparation in Tally.

   • GST Audit concepts.

2. Tax Deducted at Source (TDS) - Advanced:

   • Detailed study of TDS provisions, sections, rates, and thresholds as per Income Tax Act.

   • Comprehensive TDS configuration in TallyPrime for all types of payments.

   • Recording complex TDS transactions (e.g., multiple deductions, lower deduction certificate).

   • TDS payments and challan reconciliation.

   • Generating and filing TDS returns (Form 24Q, 26Q, 27Q, 27EQ) from TallyPrime.

   • Form 16/16A generation.

3. Tax Collected at Source (TCS) - Advanced:

   • Detailed TCS provisions and applicability.

   • TCS setup, transactions, and payments.

   • Generating and filing TCS returns.

4. Payroll Management - Advanced & Statutory Compliances:

   • Comprehensive Payroll Masters: Employee Groups, Employees (including detailed statutory info), Salary Structures (flexible and complex).

   • Pay Heads: All types of earnings, deductions, statutory contributions (PF, ESI, Professional Tax, NPS, LWF).

   • Income Tax for Payroll: Configuring and calculating IT deductions (Form 16, Form 12BA).

   • Attendance & Production Management: Detailed setup of attendance types, production types, and their impact on payroll.

   • Payroll Processing: Handling arrears, bonus, gratuity, leave encashment.

   • Statutory Reports: PF ECR, ESI challans, Professional Tax, Gratuity Reports, Loan & Advance Reports.

Phase 4: Advanced Reporting, Auditing & Professional Skills (Approx. 40 Days)

1. Management Information System (MIS) Reports - Strategic Analysis:

   • Advanced Financial Reports: Schedule VI Balance Sheet & P&L, Consolidated Financial Statements (for multi-company environments), Branch Accounting reports.

   • Ratio Analysis: Deep dive into profitability, liquidity, solvency, efficiency ratios and their interpretation for business health.

   • Budget vs. Actual Analysis & Variance Analysis.

   • Cost Centre & Project Profitability Reports.

   • Inventory Analysis Reports: Ageing, Movement, Reorder Status, profitability by stock item.

   • Sales & Purchase Analysis: Party-wise, Item-wise, Group-wise, Geographical.

   • Customization of Reports: Using TallyPrime's reporting features to create custom views and columns.

2. Auditing & Data Verification:

   • Tally Audit Feature: Using Tally's built-in audit capabilities to track user activity and verify data integrity.

   • Audit Trail: Understanding changes made to data.

   • Introduction to internal controls and their implementation in TallyPrime.

3. Tally.NET & Connected Services:

   • Remote Access: Setting up and using TallyPrime remotely.

   • Browser Access: Viewing reports securely online.

   • Data Synchronization: Setting up and managing data sync between branches/locations.

   • TallyPrime on Cloud concepts (if applicable through partners).

4. Utilities & Integration:

   • Advanced Data Export/Import: XML, Excel, PDF, CSV, JPEG, etc.

   • TallyPrime Integration (Overview): Introduction to Tally Definition Language (TDL) for basic customizations, understanding APIs for integration with other software (e.g., billing systems, e-commerce platforms).

   • Document Printing: Advanced configuration for invoices, vouchers, and reports.

5. Professional Development & Career Guidance:

   • Real-world Case Studies: Working on end-to-end accounting scenarios for different industries.

   • Soft Skills: Communication, presentation, problem-solving.

   • Resume Building & Interview Preparation specific to accounting and Tally roles.

   • Ethical considerations in accounting.

   • Overview of career paths in accounting and finance.

Phase 1: Foundation & Core Accounting Mastery (Approx. 45 Days)

1. In-depth Accounting Principles & Standards:

   • Review of Double-Entry System, Accounting Equation.

   • Accounting Concepts & Conventions (Going Concern, Accrual, Matching, Consistency, etc.).

   • Types of Accounts, Ledger Posting, Trial Balance.

   • Detailed Final Accounts Preparation: Trading A/c, Profit & Loss A/c, Balance Sheet (with adjustments like depreciation, outstanding/prepaid expenses, accrued/unearned income, bad debts, provisions).

   • Introduction to IFRS/Ind AS concepts (overview).

   • Journal entries for complex scenarios.

2. TallyPrime Environment Mastery:

   • Advanced Company Creation: Statutory & taxation features, security controls (TallyVault, user-level security, audit features, user activity logs).

   • Company Data Management: Comprehensive Backup, Restore, Split, and Merge Company Data.

   • Data Migration from Tally.ERP 9 to TallyPrime.

   • Understanding and utilizing all F11 (Company Features) and F12 (Configure) options.

   • Troubleshooting common Tally errors.

3. Master Creations - Comprehensive:

   • Accounting Masters: Advanced Grouping & Ledger creation, understanding their impact on financial statements. Cost Categories, Cost Centres (detailed allocation, reporting, profitability analysis by cost center).

   • Multi-Currency: Setup, daily transactions, automatic & manual forex gain/loss adjustments, multi-currency reporting.

   • Budgeting & Scenario Management: Creating multiple budgets, actual vs. budget analysis, creating scenarios for provisional entries, reversals, and memorandum vouchers for 'what-if' analysis.

   • Interest Calculation: Comprehensive setup and application of simple and compound interest on receivables and payables, interest statements.

Phase 2: Advanced Inventory & Business Management (Approx. 45 Days)

1. Advanced Inventory Management:

   • Detailed Stock Groups, Stock Categories, Stock Items (including variants), Units of Measure (UOMs), Alternate UOMs.

   • Godown/Location Management: Multi-level godown setup, stock transfers, inter-godown transfers with costing.

   • Batch-wise & Expiry Date Management: In-depth for pharmaceuticals, FMCG, and other relevant industries.

   • Bill of Materials (BOM): Comprehensive setup for manufacturing, accounting for raw materials, work-in-progress, and finished goods, co-products, by-products, and scrap.

   • Manufacturing Journal: Detailed recording of production.

   • Price Levels & Price Lists: Advanced configurations for different customers, regions, or quantities.

   • Reorder Levels & Minimum Order Levels: Advanced stock planning and control.

   • Inventory Valuation Methods: FIFO, LIFO, Weighted Average, Standard Cost (conceptual & application in Tally).

2. Order Processing & Logistics:

   • Comprehensive Purchase Order Management (including amendments, cancellations).

   • Sales Order Management (including backorder processing, partial delivery).

   • Job Work Out/In Orders: Detailed processing for manufacturing sub-contracting.

   • Tracking of Delivery Notes, Receipt Notes, Rejection In/Out.

3. Point of Sale (POS) & Billing:

   • Setup and configuration of POS.

   • POS invoicing, discount management, multi-mode payments.

   • Customization of POS invoice printing.

4. Advanced Banking & Financial Controls:

   • Automated Bank Reconciliation: Setting up bank accounts for auto-reconciliation, importing bank statements.

   • Cheque Management (printing, post-dated cheque management).

   • E-Payments: Facilitating online payments through TallyPrime.

   • Cash & Fund Flow Statements: Detailed analysis and interpretation.

   • Credit Management: Setting up credit limits, tracking outstanding, reminders.

Phase 3: Comprehensive Taxation & Statutory Compliance (Approx. 50 Days)

1. Goods and Services Tax (GST) - Expert Level:

   • Deep dive into GST Law, Acts, Rules, and amendments.

   • Advanced GST Setup: For complex business scenarios (e.g., deemed exports, SEZ, e-commerce, casual taxable person).

   • All types of GST transactions: RCM (Reverse Charge Mechanism) for goods and services, import/export procedures.

   • ITC (Input Tax Credit): Eligibility, apportionment, blockage, reversal.

   • GST Reports & Reconciliation: In-depth analysis of GSTR-1, GSTR-2A/2B/2B reconciliation, GSTR-3B. Identifying and correcting mismatches.

   • E-Invoicing & E-Way Bill: Comprehensive generation, management, and cancellation processes within TallyPrime and connected services.

   • GST Annual Return (GSTR-9/9C) - Overview and data preparation in Tally.

   • GST Audit concepts.

2. Tax Deducted at Source (TDS) - Advanced:

   • Detailed study of TDS provisions, sections, rates, and thresholds as per Income Tax Act.

   • Comprehensive TDS configuration in TallyPrime for all types of payments.

   • Recording complex TDS transactions (e.g., multiple deductions, lower deduction certificate).

   • TDS payments and challan reconciliation.

   • Generating and filing TDS returns (Form 24Q, 26Q, 27Q, 27EQ) from TallyPrime.

   • Form 16/16A generation.

3. Tax Collected at Source (TCS) - Advanced:

   • Detailed TCS provisions and applicability.

   • TCS setup, transactions, and payments.

   • Generating and filing TCS returns.

4. Payroll Management - Advanced & Statutory Compliances:

   • Comprehensive Payroll Masters: Employee Groups, Employees (including detailed statutory info), Salary Structures (flexible and complex).

   • Pay Heads: All types of earnings, deductions, statutory contributions (PF, ESI, Professional Tax, NPS, LWF).

   • Income Tax for Payroll: Configuring and calculating IT deductions (Form 16, Form 12BA).

   • Attendance & Production Management: Detailed setup of attendance types, production types, and their impact on payroll.

   • Payroll Processing: Handling arrears, bonus, gratuity, leave encashment.

   • Statutory Reports: PF ECR, ESI challans, Professional Tax, Gratuity Reports, Loan & Advance Reports.

Phase 4: Advanced Reporting, Auditing & Professional Skills (Approx. 40 Days)

1. Management Information System (MIS) Reports - Strategic Analysis:

   • Advanced Financial Reports: Schedule VI Balance Sheet & P&L, Consolidated Financial Statements (for multi-company environments), Branch Accounting reports.

   • Ratio Analysis: Deep dive into profitability, liquidity, solvency, efficiency ratios and their interpretation for business health.

   • Budget vs. Actual Analysis & Variance Analysis.

   • Cost Centre & Project Profitability Reports.

   • Inventory Analysis Reports: Ageing, Movement, Reorder Status, profitability by stock item.

   • Sales & Purchase Analysis: Party-wise, Item-wise, Group-wise, Geographical.

   • Customization of Reports: Using TallyPrime's reporting features to create custom views and columns.

2. Auditing & Data Verification:

   • Tally Audit Feature: Using Tally's built-in audit capabilities to track user activity and verify data integrity.

   • Audit Trail: Understanding changes made to data.

   • Introduction to internal controls and their implementation in TallyPrime.

3. Tally.NET & Connected Services:

   • Remote Access: Setting up and using TallyPrime remotely.

   • Browser Access: Viewing reports securely online.

   • Data Synchronization: Setting up and managing data sync between branches/locations.

   • TallyPrime on Cloud concepts (if applicable through partners).

4. Utilities & Integration:

   • Advanced Data Export/Import: XML, Excel, PDF, CSV, JPEG, etc.

   • TallyPrime Integration (Overview): Introduction to Tally Definition Language (TDL) for basic customizations, understanding APIs for integration with other software (e.g., billing systems, e-commerce platforms).

   • Document Printing: Advanced configuration for invoices, vouchers, and reports.

5. Professional Development & Career Guidance:

   • Real-world Case Studies: Working on end-to-end accounting scenarios for different industries.

   • Soft Skills: Communication, presentation, problem-solving.

   • Resume Building & Interview Preparation specific to accounting and Tally roles.

   • Ethical considerations in accounting.

   • Overview of career paths in accounting and finance.