Course Overview: This course provides a comprehensive introduction to Tally Prime, focusing on its application in managing accounts and GST compliance. Designed for beginners and accounting enthusiasts, the course lays a solid foundation in accountancy while equipping learners with practical skills in Tally Prime. We will cover the below topics in this course.

Chapter 1: Fundamentals of Tally Prime

• Gain a solid understanding of Tally Prime’s interface and basic functionalities.
• Learn to create and manage ledgers and groups within the Tally Prime environment.
• Discover essential shortcuts and keyboard combinations for efficient navigation.
• Understand the steps involved in opening and navigating reports within Tally Prime.

Chapter 2: Initial Setup & Inventory in Tally Prime

• Learn how to add opening balances to your accounts.
• Master the process of creating and managing product information within the inventory module.

Chapter 3: Recording Purchase & Purchase Return Transactions in Tally Prime

• Understand the process of recording purchase transactions accurately in Tally Prime.
• Learn to handle purchase returns effectively using debit notes.

Chapter 4: Recording Sales & Sales Return Transactions in Tally Prime

• Learn to record sales transactions accurately and efficiently in Tally Prime.
• Understand the process of handling sales returns using credit notes.

Chapter 5: Recording GST on Expenses & Purchase of Services in Tally Prime

• Gain a thorough understanding of GST implications on purchases of services.
• Learn to accurately record GST expenses and purchase of services in Tally Prime.
• Master the handling of debit notes without stock for GST purposes.

Chapter 6: Recording Cash & Bank Transactions in Tally Prime

• Learn to record cash and bank transactions accurately, including payments and receipts.
• Understand the concept and recording of contra entries.

Chapter 7: Recording Journal Entries & GST Utilization in Tally Prime

• Learn to record various journal entries accurately in Tally Prime.
• Understand the process of utilizing input tax credit (ITC) effectively.

Chapter 8: Answers

• This section includes detailed guidance on how the balance sheet will appear, incorporating data from all the hapter modules covered earlier.

By the end of this course, you will have a strong understanding of Tally Prime and its GST functionalities, enabling you to manage your business finances efficiently and ensure GST compliance.