◉ Introduction to the accounting cycle: Journal entries, ledgers, trial balance, financial statements
◉ Understanding the double-entry system and the importance of accurate bookkeeping
◉ Preparing Balance Sheets, Profit & Loss Accounts, and Cash Flow Statements
◉ Key accounting principles: GAAP (Generally Accepted Accounting Principles)
◉ Overview of Tally ERP 9 software and its features
◉ Setting up a company in Tally: Company Creation, Chart of Accounts, and Accounting Masters
◉ Recording financial transactions: Voucher entries for sales, purchases, payments, receipts, etc.
◉ Creating and managing ledgers and accounts in Tally
Accounts Payable and Receivable Automation
◉ Automating financial statements: Balance Sheet, Profit & Loss, and Cash Flow
◉ Customizing and generating reports in Tally for analysis and decision-making
◉ Ratio analysis and interpreting financial data
◉ Creating budgets and forecasts in Tally
◉ Automating payroll processing in Tally: Employee records, salary calculations, and benefits
◉ Managing Provident Fund (PF), Gratuity, and other statutory deductions
◉ Generating salary slips and other payroll reports
◉ Compliance with Indian labor laws and payroll taxation
◉ Understanding GST: Types of taxes (CGST, SGST, IGST), GST returns, and GST rates
◉ Automating GST transactions in Tally: Sales, purchases, and inventory
◉ Generating GST returns (GSTR-1, GSTR-3B, GSTR-9) using Tally
◉ Managing Input Tax Credit (ITC) and GST reconciliation
◉ Automating inventory management: Stock items, categories, and units of measurement
◉ Setting up stock groups and stock categories in Tally
◉ Managing purchase orders, sales orders, and stock transfers
◉ Automating stock valuation and generating inventory reports
◉ Automating tax calculations: TDS, TCS, Service Tax, and Income Tax
◉ Integrating taxation with accounting entries and financial reports
◉ Handling tax audits and generating tax-related reports in Tally
◉ Filing Tax Returns: Generating e-filing reports for GST and Income Tax
