Tally ERP 9 with GST – Beginners

Chapter 1: Fundamentals of Accounting

Introduction

Accounting Terms

Accounting Assumptions, Concepts and Principles

Assumptions

Concepts

Principles

Double Entry System of Accounting

Types of Accounts

The Golden Rules of Accounting

Source Documents for Accounting

Recording of Business Transactions

The Accounting Equation

Recording of Transactions in Books of Original Entry/Journal

Use of Debit and Credit

Rules of Debit and Credit

Recording of Business Transactions in Journal

Ledger

Need for Ledger

Differences between a Journal and a Ledger

Classification of Ledger Accounts

Posting from Journal

Trial Balance

Methods of Preparation

Subsidiary Books & Control Accounts

Cash Book

Single Column Cash Book

Double Column Cash Book

Three Column Cash Book

Petty Cash Book

Purchase (Journal) Book

Purchases Return (Journal) Book

Sales (Journal) Book

Sales Return (Journal) Book

Journal Proper

Control Accounts

Financial Statements

Trading and Profit & Loss Account

Trading Account

Profit & Loss Account

Balance Sheet

Types of Assets and Liabilities included in a Balance Sheet

Key Takeaways

Chapter 2: Maintaining Chart of Accounts in Tally.ERP

Introduction

Getting Started with Tally.ERP 9

Mouse/Keyboard Conventions

Company Creation

Shut a Company

Select a Company

Alter Company Details

Company Features and Configurations

F11: Company Features

F12: Configuration

Chart of Accounts

Ledger

Group

Ledger Creation

Single Ledger Creation

Multi Ledger Creation

Altering and Displaying Ledgers

Group Creation

Single Group Creation

Multiple Group Creation

Displaying Groups and Ledgers

Displaying Groups

Display of Ledgers

Deletion of Groups and Ledgers

Key Takeaways

Chapter 3: Maintaining Stock Keeping Units (SKU)

Introduction

Inventory Masters in Tally.ERP 9

Creating Inventory Masters

Creation of Stock Group

Creation of Units of Measure

Creation of Stock Item

Creation of Godown

Defining of Stock Opening Balance in Tally.ERP 9

Stock Category

Reports

Key Takeaways

Chapter 4: Recording Day-to-Day Transactions in Tally.ERP

Introduction

Business Transactions

Source Document for Voucher

Recording Transactions in Tally.ERP 9

Accounting Vouchers

Receipt Voucher (F6)

Contra Voucher (F4)

Payment Voucher (F5)

Purchase Voucher (F9)

Sales Voucher (F8)

Debit Note Voucher

Credit Note (Ctrl+F8)

Journal Voucher (F7)

Key Takeaways

Chapter 5: Accounts Receivable and Payable Management

Introduction

Accounts Payables and Receivables

Maintaining Bill-wise Details

Activation of Maintain Bill-wise Details Feature

New Reference

Against Reference

Advance

On Account

Stock Category Report

Changing the Financial Year in Tally.ERP 9

Key Takeaways

Chapter 6: MIS Reports

Introduction

Advantages of Management Information Systems

MIS Reports in Tally.ERP 9

Trial Balance

Balance Sheet

Profit and Loss Account

Cash Flow Statement

Ratio Analysis

Books and Reports

Day Book

Receipts and Payments

Purchase Register

Sales Register

Bills Receivable and Bills Payable

Key Takeaways

Chapter 7: Goods and Services Tax (GST)

Introduction

Goods and Services tax (GST)

Key Takeaways