Tally Prime with GST

Understand the basics of Tally Prime and its interface. Learn about the software's role in accounting and business management. This module covers the installation process, creating a company in Tally Prime, and exploring its different features. You'll also get familiar with navigating through the software and customizing settings to suit your needs.

Learn how to set up a new company in Tally Prime, including configuring basic details such as company name, address, financial year, and currency. Explore settings for enabling GST and configuring taxation preferences. This module also covers the creation of ledgers, voucher types, and creating multiple users.

Dive into the fundamental accounting features of Tally Prime. Learn how to create and maintain ledgers for various accounts like assets, liabilities, income, and expenses. You'll explore how to record vouchers (sales, purchase, receipts, payments), and understand the accounting concepts like journal entries, trial balances, and profit & loss statements.

Understand the Goods and Services Tax (GST) structure and how to set up GST in Tally Prime. Learn about GST tax rates, categories (SGST, CGST, IGST), and how to enable GST in the company configuration. You'll also explore how to set up GST ledger accounts and GST return settings.

Learn how to create GST-compliant invoices and bills in Tally Prime. This module covers generating sales and purchase invoices, including GST calculations on taxable goods and services. You'll also learn how to manage and track GST payments, and handle sales returns, purchase returns, and reverse charge mechanisms.

Master inventory management in Tally Prime, including how to manage stock items, categories, and batches. Learn to configure stock groups and units of measurement. Understand how to create and process stock vouchers, manage stock levels, and generate stock-related reports such as stock summary and stock movement analysis.

Learn how to generate and file GST returns directly from Tally Prime. This module includes the generation of GST reports like GSTR-1, GSTR-3B, and other applicable forms. Understand the steps for filing returns, reconciliation, and addressing any discrepancies between sales and purchase records.

Explore the payroll features in Tally Prime. Learn how to set up employee details, calculate salaries, bonuses, and deductions. Understand how to generate payslips, statutory reports, and manage Provident Fund (PF), Employee State Insurance (ESI), and other statutory compliance forms.

Learn how to generate key financial statements such as the balance sheet, profit and loss account, trial balance, and cash flow statements. This module covers how to use Tally Prime to analyze business performance and generate customizable reports that suit your business needs.

Understand taxation in Tally Prime, including how to manage tax computations and TDS (Tax Deducted at Source). Learn how to configure tax settings for income tax, GST, and other applicable taxes. You'll also get familiar with managing compliance reports and generating tax audit reports.

Learn how to backup and restore data in Tally Prime to ensure your business information is secure. This module covers setting up data security, password management, and user rights. Understand how to audit and maintain data integrity through regular backups and system security features.

Apply your knowledge in real-world scenarios with practical case studies. This module will help you work on hands-on projects that simulate real accounting and GST-related tasks. You'll gain confidence in using Tally Prime for day-to-day business operations and GST compliance.