Tally & Accounting

Learn the fundamentals of accounting and gain practical experience with Tally for managing day-to-day business accounts. This course is designed for beginners and students who want to develop practical accounting skills for office work, business, and accounting-related jobs.

What You’ll Learn

• Understand the basic concepts and principles of accounting.
• Learn about assets, liabilities, income, expenses, capital, and revenue.
• Understand debit and credit concepts.
• Learn how to record day-to-day business transactions.
• Create and manage company accounts in Tally.
• Create ledgers, groups, and accounting masters.
• Record receipts, payments, purchases, and sales.
• Manage cash and bank transactions.
• Create and maintain invoices.
• Understand and record credit and debit transactions.
• Manage inventory and stock items.
• Create stock groups, units, and categories.
• Track stock movement and inventory balances.
• Understand GST and basic taxation concepts.
• Record GST-related sales and purchase transactions.
• Generate useful accounting and business reports.
• Understand profit and loss, balance sheet, and trial balance.
• Reconcile bank transactions and maintain accurate records.
• Learn practical accounting workflows used in businesses and offices.

Course Overview

This Tally & Accounting course combines essential accounting concepts with practical Tally training to help students understand how business accounts are maintained in real-world situations.

Starting with the fundamentals of accounting, the course gradually introduces students to practical bookkeeping and transaction management using Tally. You will learn how to create companies, set up ledgers and groups, record transactions, manage purchases and sales, maintain inventory, and generate important financial reports.

The course is suitable for beginners, students, job seekers, business owners, and anyone interested in developing accounting and Tally skills.

Practical examples and exercises are included to help students understand how accounting transactions are entered and managed in a business environment.

Topics Covered

Accounting Fundamentals

• Introduction to accounting
• Importance of accounting in business
• Accounting terminology
• Assets and liabilities
• Capital and drawings
• Income and expenses
• Revenue and profit
• Debit and credit
• Basic accounting principles
• Understanding business transactions

Tally Basics

• Introduction to Tally
• Creating a company
• Company configuration
• Understanding the Tally interface
• Creating groups and ledgers
• Managing accounting masters
• Basic company settings

Accounting Transactions

• Contra entries
• Payment entries
• Receipt entries
• Journal entries
• Purchase entries
• Sales entries
• Debit notes
• Credit notes
• Cash and bank transactions

Inventory Management

• Introduction to inventory
• Stock groups
• Stock categories
• Stock items
• Units of measurement
• Purchase and sales inventory
• Stock movement
• Inventory reports
• Managing stock balances

GST & Taxation Basics

• Introduction to GST
• GST concepts and terminology
• GST registration basics
• Creating GST-related ledgers
• Recording GST purchases and sales
• CGST, SGST, and IGST basics
• GST invoices
• Basic GST reports

Financial Reports

• Day Book
• Trial Balance
• Profit & Loss Account
• Balance Sheet
• Cash Book
• Bank Book
• Ledger reports
• Outstanding receivables and payables
• Stock summary
• Basic financial analysis

Banking & Reconciliation

• Recording bank transactions
• Understanding bank ledgers
• Bank reconciliation
• Identifying transaction differences
• Maintaining accurate bank records

Practical Business Accounting

• Recording everyday business transactions
• Purchase and sales management
• Customer and supplier accounts
• Maintaining outstanding balances
• Managing cash and bank accounts
• Generating business reports
• Basic accounting workflow for small businesses

Practical Learning

The course emphasizes practical accounting and Tally training through real-world business examples and transaction-based exercises.

Students will practice creating companies, setting up ledgers, recording purchase and sales transactions, managing payments and receipts, maintaining inventory, handling basic GST transactions, and generating important accounting reports.

By the end of the course, students should have a practical understanding of basic accounting principles and Tally-based accounting workflows, helping them prepare for accounting-related office work, business activities, and entry-level accounting roles.