Tally Syllabus

Basic Concepts of Accounting:

• Principles of accounting.
• Types of accounts (e.g., assets, liabilities, equity, income, expenses).
• Rules for Recording Transactions.
• Double-entry system.

Tally Features and Navigation:

• User interface overview.
• Navigating through menus and options.
• Customization options.

Creating Company and Configurations:

• Setting up a new company.
• Configuring company settings (e.g., financial year, currency, taxation).
• Altering configurations as per requirements.
• Configuring Tally for specific business needs.
• Managing multiple companies within Tally.

Ledgers and Groups:

• Understanding the chart of accounts.
• Definition and significance of ledgers and groups in accounting.
• Creating, modifying, and deleting ledgers.
• Grouping of ledgers.

Voucher Entry:

• Introduction to vouchers (e.g., sales, purchase, payment, receipt).
• Entering transactions using vouchers.
• Understanding voucher types.

Inventory Management:

• Introduction to inventory management in Tally.
• Creating & managing stock items in Tally.
• Recording stock transactions (e.g., stock in, stock out, stock transfer).
• Handling stock transfers, stock journals, and physical stock verification.
• Valuation methods (FIFO, LIFO, Weighted Average) and their implementation in Tally.

Taxation:

• Configuring and managing tax-related transactions (e.g., GST, VAT, TDS) in Tally.
• Recording tax transactions.
• Generating tax reports.
• Keeping track of tax liabilities and payments.

Financial Statements:

• Generating various financial reports (e.g., Trial Balance, Profit and Loss Account, Balance Sheet) in Tally.
• Customizing reports based on business requirements.
• Understanding the importance of financial reports for decision-making.
• Analyzing financial data.

Banking Transactions:

• Setting up bank accounts and managing bank ledgers.
• Recording banking transactions (e.g., deposits, withdrawals, bank reconciliation).
• Understanding bank reconciliation and its importance.

Data Security and Backup:

• Security and Access Control.
• Implementing data security measures in Tally (e.g., user permissions, password protection).
• Tally Audit
• Regular data backup and restoration procedures.
• Ensuring data integrity and confidentiality.

Payroll Management:

• Setting up employee masters and payroll information.
• Managing employee profiles, salary structures, attendance, Deductions and Taxes, Processing payroll, generating payslips.
• Generating payroll reports and compliance statements.

Advanced Features:

• Cost Centers and Cost Categories
• Interest Calculations
• Budgets and scenarios.
• Multi-currency transactions.
• Split Company data.
• Export & Import of Data 
• Tally extensions and add-ons.
• Customizing reports and formats according to business requirements.

Tally Support and Troubleshooting:

• Accessing help resources.
• Common issues and errors encountered in Tally and their solutions.
• Accessing Tally support resources (e.g., documentation, forums, customer support).
• Tips for optimizing Tally performance and resolving technical issues