TallyProfessional Course details

TallyProfessional Certification

Course Overview

A Complete Guide on Advanced Business Accounting and Indian Taxation

This advanced-level certification is for learners who have a basic knowledge of financial accounting and want to further improve in their careers.

TallyProfessional certifies individuals to possess a deeper comprehension of sophisticated accounting techniques. This certification combines modular employability abilities with computerised Accounting, Finance, and Administration alongside the expertise of TallyPrime. It covers topics from intermediate to advanced financial accounting concepts, inventory, GST, TDS, TCS transactions and Payroll Management with Income Tax. The practical applications will be done on the new TallyPrime software to keep you at par with the new releases.

Course	Eligibility	Duration	Fee
Expert Level	10+2 or Higher Tally Basic Knowledge	Course Duration         : 100 Hrs Assessment Duration :  90 Min	Rs. 8000

 

TallyProfessional Certification :

Sl. No.	Contents	Hours
1 2	TallyProfessional Volume 1 TallyProfessional Volume 2	40 hrs  60 hrs
Total		100 hrs

 

TallyProfessional Volume 1 :Table of Content

SKU Name/Chapter Name	Hours
TallyProfessional Volume 1	40
Chapter 1: Multi-Currency
1.1 Introduction 1.2 Creation of Company and Introducing Capital into the Business 1.2.1 Introducing Capital into the Business 1.2.2 Creation of Masters in TallyPrime 1.3 Creation of Foreign Currencies 1.4 Altering Currencies and Defining of Rates of Exchange 1.5 Recording Accounting Vouchers using Foreign Currency (On Realization Basis) 1.5.1 Recording Purchase Vouchers using Foreign Currency (On Realization Basis) 1.5.2 Recording Sales Vouchers using Foreign Currency (On Realization Basis) 1.6 Adjusting Forex Gain/Loss (On Realization Basis) 1.7 Recording Accounting Vouchers using Foreign Currency (On Un-Realized Basis) 1.8 Generating Reports with Multi Currencies Conclusion Key Takeaways Shortcut Keys Practice Exercises
Chapter 2: Interest Calculation
2.1 Introduction 2.2 Activating Interest Calculation for the Company 2.3 Accounting of Simple Interest 2.3.1 Accounting of Simple Interest Amount in the Books of Accounts 2.3.2 Recording Payment voucher with Interest Amount to the Supplier 2.4 Accounting of Compound Interest 2.4.1 Accounting of Simple Interest Amount in the Books of Accounts 2.4.2 Accounting of Compound Interest Amount in the Books of Accounts 2.4.3 Recording Receipt voucher with Interest Amount from the Customer 2.5 Accounting of Interest on Outstanding Balances 2.6 Interest Calculation Reports Conclusion Key Takeaways Shortcut Keys Practice Exercises
Chapter 3: Manufacturing Process-Job Work
3.1 Introduction 3.2 Enabling Job Order Processing in TallyPrime 3.3 Job Work Out Order Processing 3.3.1 Voucher Type Set Up 3.3.2 Auto Listing of Components Using Bill of Materials 3.3.3 Recording of Job Work Out Order Voucher 3.3.4 Recording of Material Out Voucher 3.3.5 Recording of Material In Voucher 3.3.6 Booking of Job Work Charges (Expenses) 3.3.7 Accounting of Payment to Job Worker against Purchase Consideration 3.3.8 Job Work Out Reports 3.3.9 Cost Estimation 3.4 Job Work In Order Processing 3.4.1 Voucher Type Set Up 3.4.2 Auto Listing of Components Using Bill of Materials 3.4.3 Recording of Job Work In Order Voucher 3.4.4 Recording of Material In (Raw Materials) Voucher 3.4.5 Recording of Stock Journal Voucher for Manufacturing Finished Goods (Manufacturing Process) 3.4.6 Recording of Material Out (Finished Goods) Voucher 3.4.7 Recording of Material Out (Scrap) Voucher 3.4.8 Booking of Job Work Charges (Income) 3.4.9 Accounting of Receipt from the Principal Manufacturer towards Job Work Rendered 3.4.10 Job Work In Reports 3.5 Transfer of Materials (Inter-Godown) 3.5.1 Stock Transfer Journal Register 3.5.2 Transfer Analysis Conclusion Key Takeaways Shortcut Keys Practice Exercises
Chapter 4: Job Costing
4.1 Introduction 4.2 Features of Job Costing 4.3 Types of Business that use Job Costing 4.4 Documents used in Job Costing Process 4.5 Enabling Job Costing in TallyPrime 4.6 Creation of Chart of Accounts for Job Costing Process 4.6.1 Creation of Cost Centres as Project/Job 4.6.2 Creation of Godown for Project/Job Location 4.6.3 Creation of Stock Groups and Stock Items 4.6.4 Creation of Accounting Masters 4.6.5 Creation of Voucher Type and Voucher Class under Stock Journal 4.7 Recording Job Costing Related Transactions 4.7.1 Accounting Purchase of Raw Materials 4.7.2 Accounting Payment for Transportation Charges Incurred on Purchase of Raw Materials 4.7.3 Accounting Manufacturing Journal for Conversion of Raw Materials to Finished Goods 4.7.4 Accounting Payment for Expenses Incurred during the Manufacturing Process 4.7.5 Accounting Stock Journal for Inter-Godown Stock transfer 4.7.6 Accounting Sale of Finished Goods to the Customer 4.7.7 Accounting Receipt from the Customer 4.8 Job Costing Reports 4.8.1 Job Work Analysis Report 4.8.2 Material Consumption Summary Report Conclusion Key Takeaways Shortcut Keys Practice Exercises
Chapter 5: Advanced Banking Transactions
5.1 Introduction 5.2 Cheque Management 5.2.1 Configuring Cheque Books 5.2.2 Cheque Register 5.3 Post-Dated Cheque Management 5.3.1 Features of Post-Dated Cheque Management in TallyPrime 5.3.2 Advantages of Maintaining Post-Dated Cheque Management in TallyPrime 5.3.3 Recording & Maintaining Post-Dated Cheque in TallyPrime 5.3.4 Post-dated Summary Report 5.3.5 Regularizing Post-dated Vouchers 5.3.6 Accounting PDC transaction for Notional Bank 5.4 Handling e-Payments in TallyPrime 5.4.1 One-Time Configuration for e-Payments Feature 5.4.2 Modes of e-Payments 5.4.3 Activation of e-Payments Feature in TallyPrime 5.4.4 Recording e-Payment Transactions 5.4.5 Viewing of e-Payments Report 5.4.6 Export and Uploading Payment Instructions to the Bank Portal Conclusion Key Takeaways Shortcut Keys Practice Exercises
Chapter 6: Connectivity Features in TallyPrime using Tally.NET
6.1 Introduction 6.2 Overview of Tally.NET Features 6.3 Remote Access in TallyPrime 6.3.1 Features of Remote Access 6.3.2 Connect Company to Tally.NET Services 6.3.3 Creation of Tally.NET users for Remote Access 6.3.4 Modify Security Levels for Tally.NET User. 6.3.5 Login to the company in TallyPrime from Anywhere 6.3.6 Connectivity Status report in TallyPrime 6.3.7 Logout from Remote Session 6.3.8 Disconnect the Company in Server 6.3.9 Disable Remote Access for the Company 6.4 TallyPrime Reports in Browsers (TRiB) 6.4.1 Features of TallyPrime Reports in Browsers 6.4.2 Getting Started with TallyPrime Reports in Browser 6.4.3 Creation of Tally.NET ID for the User 6.4.4 Create Tally.NET IDs from the Tally Portal 6.4.5 View TallyPrime reports from anywhere using the browser on Desktop/Mobile/Tab. 6.4.6 Connectivity Status report in TallyPrime 6.4.7 Disconnect the Company in Server 6.5 Data Synchronisation in TallyPrime 6.5.1 Features of Data Synchronisation in TallyPrime 6.5.2 Modes of Synchronisation in TallyPrime 6.5.3 Initializing of Synchronisation in TallyPrime 6.5.4 Specifying the Role of the Company 6.5.5 Connect Server Company to Tally.NET Server for Synchronisation 6.5.6 Defining Client Rules and Activate Server Rules for Synchronisation 6.5.7 Synchronising the Data 6.5.8 Synchronisation Reports 6.5.9 Snapshot Exchange in TallyPrime 6.6 Tally Virtual User (TVU) 6.6.1 Technology options to Run Tally Virtually 6.6.2 Tips to Configure Tally for Virtual Usage 6.6.3 Virtual Use of TallyPrime 6.6.4 How to Avail Additional TVU Packs for Free Trial Conclusion Key Takeaways Shortcut Keys Practice Exercises
Key Answers for Practice Exercises

 TallyProfessional Volume 2 :Table of Content

SKU Name/Chapter Name	Hours
TallyProfessional Volume 2	60
Chapter 1: Recording Advanced GST Transactions
1.1 Introduction 1.1.1 E-Way Bill 1.1.2 GST e-Invoicing 1.1.3 GST in TallyPrime 1.1.4 Creation of Company and Activating GST 1.1.5 Introducing Capital into the Business 1.1.6 Creation of Masters in TallyPrime 1.2 Recording GST compliant transactions 1.3 Accounting Intrastate Supply of Goods & Services 1.3.1 Intrastate Inward Supply of Goods 1.3.2 Intrastate Outward Supply of Goods and Generating e-Invoice 1.3.3 Intrastate Inward Supply of Services 1.3.4 Intrastate Outward Supply of Services 1.4 Accounting Interstate Supply of Goods 1.4.1 Interstate Inward Supply of Goods 1.4.2 Interstate Outward Supply of Goods and Generating e-Invoice with e-Way Bill 1.5 Purchases from Unregistered Dealer 1.6 Purchases from Composition Dealer 1.7 Accounting Mixed Supply under GST 1.8 Accounting Composite Supply under GST 1.9 Supply of Exempted/Nil-rated Goods under GST 1.10 Supply of Goods to Special Economic Zone (SEZ) 1.11 Import of Goods subject to Reverse Charge Mechanism under GST 1.12 Export of Goods under GST 1.12.1 Exports through LUT/Bond 1.12.2 Exports Taxable 1.13 Supply of Goods to Other Territory 1.14 Supply of Goods to Unregistered Dealer 1.15 Advance Receipts under GST 1.15.1 Advance Receipt for supply completed in the same month 1.15.2 Advance Receipt for supply completed in the subsequent month 1.16 Generating E-Invoice Report 1.16.1 Export Bulk Invoices using Online Method. 1.16.2 Export Bulk Invoices using Offline Method. 1.16.3 Update Details in TallyPrime and Print QR Code 1.16.4 Rectify Missing/Invalid Information and Update the Details from e-Invoice report. 1.16.5 Cancel IRN 1.17 Generating E-Way Bill Report 1.17.1 Generate e-Way Bill in Bulk 1.17.2 Update e-Way Bill Part B 1.17.3 Extend e-Way Bill Validity 1.17.4 Export Bulk Invoices using Offline Method. 1.18 Input Tax Credit Set Off against Liability 1.19 GST Tax Payment 1.19.1 Challan Reconciliation 1.20 Generating GST Returns in Tally 1.20.1 GSTR-1 1.20.2 GSTR-3B 1.20.3 GSTR-9 – GST Annual Computation 1.21 E-Filing GST Returns in Tally 1.21.1 Filing GSTR-1 Returns 1.21.2 Filing GSTR-3B Returns 1.21.3 Filing GSTR-9 Returns - GST Annual Computation Conclusion Key Takeaways Shortcut Keys Practice Exercises
Chapter 2: Recording Advanced TDS Transactions
2.1 Introduction 2.2 Activation of TDS in TallyPrime 2.3 Recording TDS Compliant Transactions 2.3.1 Booking of Expenses & deducting TDS in the Journal Voucher 2.3.2 TDS Transaction for Purchase of Software 2.3.3 TDS on Sales Commission and Deducting TDS 2.3.4 Accounting TDS on Capital Expenditure 2.3.5 Accounting for TDS on Advance Payments and Adjusting Advances towards Bill 2.3.6 Purchase Escalation after Recording TDS Transaction 2.3.7 Reversal/Cancellation of Expenses with TDS 2.3.8 TDS on Works Contract attracting GST 2.3.9 TDS on Payments to Non-Residents (DTAA) 2.3.10 TDS on Income from Foreign Currency, Bonds or Shares of India Company 2.4 TDS Payment to Department 2.4.1 TDS Outstanding 2.4.2 Payment of Tax to the Income Tax Department 2.4.3 Generating TDS Challan (ITNS 281) 2.4.5 Interest Payment to Income Tax Department on Delayed Tax Payment 2.5 TDS Report 2.5.1 Challan Reconciliation 2.5.2 Form 26Q 2.5.3 Form 27Q 2.6 E-Return 2.6.1 Form 26Q 2.6.2 Form 27Q 2.6.3 TRACES Portal 2.7 Maintaining Books of Accounts as a Deductee Conclusion Key Takeaways Shortcut Keys Practice Exercises
Chapter 3: Tax Collected at Source (TCS)
3.1 Introduction 3.2 Basic Concepts of TCS 3.3 TCS in TallyPrime 3.3.1 Activation of TCS in TallyPrime 3.4 Recording TCS Compliant Transactions 3.4.1 Sale of TCS Goods on Accrual Basis 3.4.2 Sale of TCS Goods at Lower Rate/Nil Rate            3.4.3 Sale of TCS Goods at Higher Tax Rate (Under Section 206CCA) 3.4.4 Accounting TCS Exemption for Buyers Deducting TDS 3.4.5 TCS on Transfer of Right to Use 3.4.6 Accounting for TCS on Advance Receipts and Adjusting Advances towards Bill 3.5 TCS Payment to Department 3.5.1 Resolving Uncertain Transactions 3.5.2 Payment of Tax to the Income Tax Department 3.5.3 Generating TCS Challan (ITNS 281) 3.5.4 Interest Payment to Income Tax Department on Delayed Tax Payment 3.6 TCS Reports 3.6.1 Form 27EQ 3.6.2 Challan Reconciliation 3.7 E-Return 3.8 Maintaining Books of Accounts as a Collectee Conclusion Key Takeaways Shortcut Keys Practice Exercises
Chapter 4: Payroll and Income Tax
4.1 Introduction 4.2 Payroll in TallyPrime 4.2.1 Creation of Company and Activating Payroll 4.2.2 Introducing Capital into the Business 4.3 Creation of Payroll Masters in TallyPrime 4.3.1 Employee Masters 4.3.1.1 Employee Categories 4.3.1.2 Employee Group Master 4.3.1.3 Employee Master 4.3.2 Creation of Units (Work) 4.3.3 Attendance /Production Types 4.3.3.1 Attendance Type Creation 4.3.3.2 Employees Paid Leaves 4.3.4 Pay Heads in TallyPrime 4.3.4.1 Understanding on Pay Head Types of TallyPrime 4.3.4.2 Understanding on Pay Head Calculation types in TallyPrime 4.3.4.3 Understanding on Methods of Computation 4.3.5 Creation of Primary Pay heads 4.3.5.1 Basic Pay 4.3.5.2 House Rent Allowance 4.3.5.3 Conveyance 4.3.5.4 Overtime 4.3.5.5. Canteen Deduction 4.3.6 Creation of Statutory Pay heads 4.3.6.1 Provident Fund 4.3.6.2 Creation of Employer’s Other Charges Pay heads for Provident Fund 4.3.6.3 Employees State Insurance 4.3.6.4 Professional Tax 4.3.6.5 Gratuity 4.3.6.6 Income Tax 4.3.7 Defining Salary Details 4.3.7.1 Defining Salary Details for an Employee 4.3.7.2 Defining Salary Details for an Employee Group 4.3.7.3 Cascading Salary Details from Employee Group to Employee Master 4.3.8 Income Tax Master Configuration 4.3.8.1 Income Tax Pay Head Details 4.3.8.2 Income Tax Declarations 4.3.8.3 Income Tax Exempt 4.3.8.4 Income Tax Amount 4.3.8.5 Payroll Income Tax Configuration 4.3.8.6 Previous Employer Tax Deducted/Paid Details 4.4 Processing Payroll with Income Tax 4.4.1 Attendance Vouchers 4.4.2 Payroll Vouchers 4.4.3 Payment Vouchers 4.5 Payroll Reports 4.5.1 Pay Slip 4.5.2 Pay Sheet 4.5.3 Attendance Sheet 4.5.4 Payment Advice 4.5.5 Payroll Statement 4.5.6 Employee Pay Head Breakup 4.5.7 Pay Head Employee Breakup 4.5.8 Payroll Register 4.5.9 Attendance Register 4.5.10 Employee Profile 4.5.11 Employee Head Count 4.5.12 Expat Reports 4.6 Payroll Statutory Reports 4.6.1 Summary 4.6.2 Provident Fund 4.6.3 Employee State Insurance 4.6.4 Professional Tax 4.6.5 Gratuity 4.6.6 Income Tax Reports 4.6.7 Challan Reconciliation (Income Tax Payment) 4.6.8 Income Tax Returns 4.6.9 Income Tax E-Return 4.6.10 Exceptions Reports Conclusion Key Takeaways Shortcut Keys Practice Exercises
Key Answers for Practice Exercises

 

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