Tally ERP 9 + Manual Accounting

Manual Accounting

Accounting is the language of business, an instrument of administration and commerce and a technique of financial reporting of all activities in a company. Information provided by Accounting is useful to the management for effective planning, control and decision making in a company. This course explains all the features, functions and steps of Indian Accounting with examples.

Introduction to Accounting

• Getting started
• Account Balances
• Account Definitions
• Branches of Accounting
• Posting to Ledger Accounts
• Advantages of Financial Accounting

Summarizing Transactions

• Balances of Real, Personal & Nominal A/C
• Generation of Trial Balance

Basic Accounting Concepts

• Introduction to Transactions
• Principles of Accounting
• Basic Accounting Concepts
• Double & Single Entry Systems

Financial Statements

• Ascertaining Profit or Loss
• Introduction to Trading & Profit & Loss
• Generation Profit & Loss Account
• Construction of Profit & Loss Account
• Combined Trading & Profit & Loss Account
• Consideration of Individual Items
• Manufacturing Account
• Characteristics of the Balance Sheet
• Balance Sheet – A Statement of Position Recording Transactions
• The distinction between Revenue & Capital
• Construction of Balance Sheet

Types of Accounts

• Groups in Accounting
• Accounting Steps or Functions
• Accounting Types & Rules

Recording Transactions

• Introduction to Journals
• Journalizing & Journal Entries
• Types of Journal Entries
• Discounts & Banking Transactions
• Opening Balances of Accounts
• Return of Goods & Withdrawals

Adjusting & Closing Entries

• Adjustments in Final Accounts
• Closing Stock Entries
• Prepaid & Outstanding Expenses
• Accrued & Unearned Incomes
• Depreciation, Bad Debt & Accidental Losses
• Interest on Capital & Drawings
• Summary of Accounts

Classifying Transactions

• Introduction to Ledgers
• Types of Ledgers
• A form of an Account

Tally

This course teaches setting up and maintaining computerized financial accounting system using Tally. Setting up the company information, financial year and each account head for each ledger. This Course starts from entering Vouchers to updating ledgers and generating a report like Trial Balance, Balance sheet etc. It also teaches to maintain accounts of a single company and/or multiple companies.

Setting Up

• General Ledger
• Account Payable
• Suppliers
• Creditors
• Stock/Inventory

Transactions

• Journal Voucher
• Payment Voucher
• Receipt Voucher
• Purchases
• LPO
• Sales Order
• Invoices
• Payroll
• Job Costing

Reports for Customers

• Statements Of Account
• List of all customers with Balance
• Ageing Report of Customers
• Payslip
• Cash and Bank Details
• Other Reports

For Vendors

• Statement of Account
• List of all Customers with Balance
• Ageing Report of Customers

Inventory

• List of Stock Items
• List of Recorder Items
• Report for Physical Stock Checker
• Transfer of Materials
• Other Reports

General Ledger

• Statement of Accounts
• Trial Balance
• Income Statement
• Balance Sheet
• Cash Flow Report
• Chart of Accounts
• Active Interest Calculations

Additional Features

• Maintaining of Separate fixed assets schedule linked with general ledger
• Implementing user right of Security
• Backup and Restore
• Upgrading readymade chart of accounts for different nature of companies
• Manufacturing details
• Managing Go down

We offer:

• Quality Training
• Experienced Faculties
• Flexible Timings & Affordable fee
• Free Demo Classes
• Week Days & Weekend Batches