Accounting Tally & GST Training

Duration : 1.5 Months or 3 Months | Certification : ECIL - ECIT Certification

Course Description

This is course aims to develop skills in accounting and office administration. The course content includes Tally with GST.

Course Includes :

Hands-On Training
Live Projects
100% Placement Assistance

Course Duration :

Regular Course :   3 Months
Fast Track Course :   1.5 Months

Course Advantages

  • Govt. of India ( ECIL-ECIT) approved certificate
  • Online/Offline Facility Available
  • Latest syllabus and advanced lab facility
  • Excellent Placement Support

Course Features

  • Tally is accounting software used for Accounting purposes and making reports easily. Tally ERP. 9 is a widely used accounting software in India as well as many other international locations also.
  • Career Scope as Accounts Executive, Tally Operator, Sales Executive, Back office Executive, Sales Department, Tax Accountant, Junior Accountant, Accounts Manager, Import/Export Companies, Office Assistant, Office Executive, and Bank Clerks.

What you'll cover in this course

Fundamentals of Accounting

  • Introduction
  • Accounting Terms
  • Double Entry System of Accounting
  • Types of Accounts
  • The Golden Rules of Accounting
  • Source Documents of Accounting
  • Recording of Business Transactions
  • The Accounting Equation
  • Recording of Transactions in Books of Original Entry/Journal
  • Ledger
  • Need for Ledger
  • Difference between a Journal & Ledger
  • Classification of Ledger Accounts
  • Posting from Journal
  • Trial Balance
  • Methods of Preparation (Balancing Method, Total Method)
  • Financial Statement
  • Income Statements(Trading Account, Profit & Loss Account)
  • Position Statement(Balance Sheet)
  • Financial Statements with Adjustments

Maintaining Chart of Accounts in Tally

  • Introduction
  • Company Creation
  • Shut a Company - Select a Company - Alter Company details
  • Company Features and Configurations
  • All about Accounting features in Tally ERP.9
  • All about Inventory features in Tally ERP.9
  • All about Statutory features of Tally
  • Chart of Accounts
  • Single Ledger creation - Multiple Ledger creation - Altering and Displaying Ledgers
  • Group Creation
  • Single Group creation - Multiple Group creation - Altering and Displaying Groups

Maintaining Stock Keeping Units [SKU]

  • Introduction
  • Inventory Masters in Tally ERP.9
  • Creating Inventory Masters
  • Creation of Stock Groups
  • Displaying of Stock Groups
  • Altering of Stock Groups
  • Creation of Units of Measures(Simple, Compound)
  • Displaying of Units of Measures
  • Altering of Units of Measures
  • Creation of Category
  • Displaying of Category
  • Altering of Category
  • Creation of Godown
  • Displaying of Godown
  • Altering of Godown
  • Creation of Stock Item
  • Displaying of Stock Item
  • Altering of Stock Item
  • Defining of Stock Opening Balance in Tally ERP.9
  • Reports

Recording Day to Day Transactions in Tally ERP.9

  • Introduction
  • Business Transactions
  • Source Document or Voucher - Recording transactions in Tally ERP.9
  • Accounting Vouchers
  • Receipt Voucher
  • Contra Voucher
  • Payment Voucher
  • Purchase Voucher(Voucher mode and Invoice mode)
  • Sales Voucher(Voucher mode and Invoice mode)
  • Debit Note Voucher
  • Credit Note Voucher
  • Journal Voucher

Inventory Vouchers

  • Purchase Orders
  • Sales Orders
  • Receipt Note Voucher
  • Delivery Note Vouchers
  • Material In
  • Material Out

Accounts Receivable and Accounts Payable Management

  • Introduction
  • Accounts Payable and Accounts Receivable
  • Maintaining Bill-wise details features
  • New Reference
  • Against Reference
  • Advance
  • On Account

MIS (Management Information system)

  • Introduction
  • Advantages of Management Information System
  • MIS Reports in Tally ERP.9
  • Trial Balance
  • Profit and Loss Account
  • Balance Sheet
  • Cash Flow Statement
  • Ratio Analysis
  • Books and Reports
  • Day Books, Receipt and Payment vouchers, Purchase Register, Sales Register, Bills Receivable and Bills Payable

GST (Goods and Service Tax)

  • Introduction
  • Overview and Evolution of GST
  • Indirect Tax structure in India
  • Introduction to Goods and Service Tax (GST) - Key Concepts
  • Phases of GST, GST Council
  • Taxes under GST, Cess
  • Registration under GST
  • Threshold for Registration
  • Regular Tax Payer
  • Composition Tax Payer
  • Casual Taxable Person
  • Non-Resident Taxable Person
  • Unique Identification Number
  • Registration Number Format
  • Supply under GST and Valuation of Supply
  • Supply
  • Place of Supply, Interstate Supply, Export of Service, Export of Goods, Import of Service, Import of Goods
  • Valuation of Supply (Numerical on valuation and calculation of tax)
  • Input Tax Credit under GST & Returns
  • Input tax credit process
  • Negative List for Input tax credit
  • Input Tax Credit Utilization and Input Tax Credit Reversal
  • Types of GST returns and their due dates, late filing, late fee and interest
  • Security

Practical

  • Enabling GST and Defining Tax Details in Tally ERP.9
  • Intrastate Supply of Goods
  • Intrastate Inward Supply
  • Intrastate Outward Supply
  • Interstate Supply of Goods
  • Interstate Inward Supply
  • Interstate Outward Supply
  • Return of Goods
  • Purchase Returns
  • Sales Returns
  • Supplies Inclusive of Tax
  • Defining Tax Rates at Master and Transaction levels
  • Defining GST Rates at Stock Group level
  • Defining GST Rates at Stock Item level
  • Defining GST Rates at Stock Transaction level
  • Hierarchy of Applying Tax Rate Details
  • GST Reports
  • Generating GSTR-1 Reports
  • Generating GSTR-2 Reports
  • Input Tax Credit Set off
  • GST Tax Payment
  • Timeline for Payment of GST Tax
  • Modes of Payment
  • Challan Reconciliation
  • Exporting GSTR-1 return and uploading in GST Portal
  • Accounting of Supply of Service
  • Accounting of Exempted Services

VAT (Value Added Tax)

  • Introduction
  • VAT In India
  • Cyclic view of VAT Computation
  • Maintaining Stock Items with Same VAT Rate
  • Dealing with Different Stock Items with Multiple VAT Rates
  • Defining VAT Rates Stock Group-wise
  • Ease of Operations
  • Reports

TDS (Tax Deducted at Source)

  • Introduction
  • Basic Concepts of TDS
  • TDS in Tally ERP.9
  • Activation of TDS Features in Tally.9
  • TDS Statutory Masters
  • Configuring TDS at Group Level
  • Configuring TDS at Ledger Level
  • Booking of Expenses in Purchase Voucher
  • TDS Payment and TDS Return
  • TDS credits in Form 26AS
  • Generate TDS Certificate, Revised Return
  • TDS Reports

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