Tally ERP 9 with GST – Professional

Chapter 1: Fundamentals of Accounting

Introduction

Accounting Terms

Accounting Assumptions, Concepts and Principles

Assumptions

Concepts

Principles

Double Entry System of Accounting

Types of Accounts

Golden Rules of Accounting

Source Documents for Accounting

Key Takeaways

Chapter 2: Journalising and Posting of Transaction

Introduction

Recording of Business Transactions

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

Petty Cash Book

Purchase Book

Purchase Return Book

Sales Book

Sales Return Book

Control Accounts

Financial Statements

Trading and Profit & Loss Account

Trading Account

Profit & Loss Account

Balance Sheet

Types of Assets and Liabilities included in Balance Sheet

Key Takeaways

Chapter 3: Maintaining Chart of Accounts in Tally.ERP 9

Introduction

Getting Started with Tally.ERP 9

Mouse and Keyboard Conventions

Company Creation

Shut a Company

Select a Company

Alter a Company

Company Features and Configurations

Company Features: F11

Configuration: F12

Chart of Accounts

Ledger

Group

Ledger Creation

Single Ledger Creation

Multi Ledger Creation

Altering and Display of Ledgers

Ledger Alteration

Single Ledger Display

Multi Ledger Display

Deleting Ledgers

Group Creation

Single Group Creation

Multiple Group Creation

Altering and Display of Groups

Group Alteration

Single Group Display

Multi Group Display

Deleting Groups

Key Takeaways

Chapter 4: Fundamentals of Inventory Management

Introduction

Inventory Management

Terms Used in Inventory Management

Inventory Valuation

Different Types of Inventory Valuation

Inventory Management in Tally.ERP 9

Conclusion

Chapter 5: Stock Keeping Units

Introduction

Inventory Masters in Tally ERP 9

Creating Inventory Masters

Creation of Stock Group

Creation of Unit of Measure

Creation of Stock Item

Creation of Godown

Defining of Stock Opening Balance in Tally ERP 9

Key Takeaways

Chapter 6: Recording Day to Day Transactions

Introduction

Business Transactions

Source Document or Voucher

Recording Transactions in Tally.ERP 9

Accounting Vouchers

Receipt Voucher

Contra Voucher

Payment Voucher

Purchase Voucher

Sales Voucher

Debit Note Voucher

Credit Note Voucher

Journal Voucher

Creation of New Voucher Type

Automation of Invoices (Voucher Classes)

Non-Accounting Vouchers

Reversing Journal

Recording Provisional Entries

Recording Inventory Vouchers

Receipt Note Voucher

Delivery Note Voucher

Stock Journal Voucher

Physical Verification of Stocks

Conclusion

Key Takeaways

Chapter 7: Accounts Receivable and Payable Management

Introduction

Accounts Payable and Receivable

Maintaining Bill-wise Details

Activation of Maintaining Bill-wise Details Feature

New Reference

Against Reference

Advance Reference

On Account

Payment Performance of Debtors

Changing the Financial Year in Tally.ERP 9

Conclusion

Key Takeaways

Chapter 8: Banking

Introduction

Banking Payments

Setting up Banking Features

Cheque Management

Cheque Printing

Cheque Register

Cancelled Cheque

Blank Cheque

Bank Reconciliation

Manual Bank Reconciliation

Auto Bank Reconciliation

Deposit Slip

Cash Deposit Slip

Cheque Deposit Slip

Payment Advice

Managing of Post-dated Cheques

Conclusion

Key Takeaways

Chapter 9: MIS Reports

Introduction

Advantages of Management Information Systems

Types of MIS Reports in Tally.ERP 9

MIS Reports in Tally. ERP 9

Trial Balance

Balance Sheet

Profit and Loss Account

Cash Flow Statement

Funds Flow Statement

Books and Accounting Reports

Day Book

Receipts and Payments

Purchase Register

Sales Register

Bills Receivable and Bills Payable

Inventory Reports

Stock Summary

Stock Transfer

Movement Analysis

Ageing Analysis

Key Takeaways

Chapter 10 Storage and Classification of Inventory

Introduction

Godown Management

Activating Godown

Creating a Godown

Allocation of Stock to Particular Godown while Defining Opening Balance

Recording of Purchase, Sales and Stock Transfers with Godown Details

Purchase of Inventory

Recording stock transfer entry using stock journal

Sale of Inventory

Maintaining Damaged Goods

Analysing Godown Summary and Stock Movement Reports

Stock Category

Activation of Stock Categories

Creating Stock Categories

Recording of Transactions

Movements of Goods in Batches/Lots – Batch wise details

Activating Batch-wise Details in Tally.ERP 9

Using Batch-wise Details in Purchase Invoice

Using Batch-wise Details in Sales Invoice

Batch Reports

Batch Vouchers Report

Batch Summary Report

Transfer Analysis report

Stock Valuation Methods

Configuration of Stock Valuation Method

Different Types of Costing Methods

Recording of Purchase and Sales Transactions

Stock Valuation based on FIFO Perpetual Method

Conclusion

Key Takeaways

Chapter 11 Management of Purchase and Sales Cycles

Introduction

Purchase Order Processing

Activating Order Processing in Tally.ERP 9

Sales Order Processing

Viewing Order Details

Display Columnar Orders & Stock Details

Sales order outstanding.

Conclusion

Key Takeaways

Chapter 12 Manufacturing Process

Introduction

Activating of Bill of Materials

Auto Listing of Components Using Bill of Materials

Accounting of Manufacturing Process in Tally.ERP 9

Transferring of Manufactured Goods from Storehouse to Showroom

Reports

Stock Journal Register

Transfer Analysis

Cost Estimation

Stock Ageing Analysis

Conclusion

Key Takeaways

Chapter 13 Goods and Services Tax

Introduction to GST

Getting Started with GST (Goods)

Advance adjustments and Entries (Goods)

Getting Started with GST (Services)

Advance adjustments and Entries (Services)

Conclusion

Key Takeaways

Chapter 17 – Securing Financial Information – ** only for licensed version

Introduction

Security Control

Activation of Security Control and Creation of Security Levels in Tally.ERP 9

Accessing the Company with Data Operator’s User Account

Password Policy

TallyVault Password

Activation of TallyVault in Tally.ERP 9

Configuration of TallyVault Password while Creating the Company

Configuration of TallyVault Password for Existing Company

Benefits of TallyVault Password

Conclusion

Key Takeaways

Chapter 18 Data Management and Financial Year End Process

Introduction

Backup and Restore

Backup of Data

Restoring Data from a Backup File

Export and Import of Data

Exporting and Importing of Data from One Company to Another in XML Format

Exporting of data in other available formats

E-Mailing in Tally.ERP 9

Printing Reports

Managing of Data during Financial Year End Process

Important Pre-Split Activity

Splitting of Data

Key Takeaways