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Tally Prime Curriculum
History of Tally Prime
1986: Tally was first introduced as basic accounting software to simplify bookkeeping for small businesses.
1990s: Gained popularity for automating ledger management, invoicing, and financial record-keeping.
2000s: Enhanced with GST compliance, payroll management, and multi-user capabilities for growing businesses.
Evolution: Upgraded to Tally Prime with advanced features, intuitive interface, real-time reporting, and cloud compatibility.
Current use: Widely used by accountants, finance professionals, SMEs, and corporates for GST, inventory, payroll, and comprehensive business accounting.
Chapter 1: Fundamentals of Accounting
- Introduction
- Meaning of Accounting
- Terminologies used in Accounting
- Concepts of Accounting
- Double Entry System of Accounting
- Uses of Debit and Credit
- Rules of Debit and Credit
- Golden Rules of Accounting
- Recording of Business Transactions
- Journalising Transactions
- Trial Balance
- Financial Statements
- Trading Account
- Profit & Loss Account
- Balance Sheet
- Subsidiary Books & Control Accounts
- Cash Book
- Petty Cash Book
- Purchase (Journal) Book
- Purchases Return (Journal) Book
- Sales (Journal) Book
- Sales Return (Journal) Book
- Journal Proper
- Control Accounts
- Depreciation
- Methods for Depreciation
- Preparation of Depreciation schedule
- Computerised Accounting
- Advantages of computerised accounting
- Accounting Structure for computerised accounting
Chapter 2: Introduction to TallyPrime
- Introduction
- Features of TallyPrime
- Downloading and Installation of TallyPrime
- Types of Licenses in TallyPrime
- Activate New License
- Reactivate License in TallyPrime
- Use License from Network in a Multiuser Environment
- Working TallyPrime in Educational Mode
- Company Creation and Setting up Company Features in TallyPrime
- Getting Started with TallyPrime
- Navigating from Anywhere to Anywhere in TallyPrime
- F12 Configuration in TallyPrime
- Alter Company Details
- Shut the Company
Chapter 3: Maintaining Chart of Accounts
- Introduction
- Chart of Accounts
- Creation of Masters in TallyPrime
- Accounting Masters
- Inventory Masters
- Alteration of Masters in TallyPrime
- Deletion of Masters in TallyPrime
- Multi-Masters Creation and Display of Chart of Accounts
- Multi Groups Creation
- Multi Ledgers Creation
- Multi Stock Groups Creation
- Multi Stock Items Creation
Chapter 4: Recording and Maintaining Accounting Transactions
- Introduction
- Recording Transactions in Tally
- Recording Accounting Vouchers in TallyPrime
- Receipt Voucher (F6)
- Contra Voucher (F4)
- Payment Voucher (F5)
- Purchase Voucher (F9)
- Sales Voucher (F8)
- Debit Note Voucher (Alt+F5)
- Credit Note Voucher (Alt+F6)
- Journal Voucher (F7)
Chapter 5: Banking
- Introduction
- Banking Payments
- Cheque Printing
- Single Cheque Printing
- Multi Cheque Printing
- Deposit Slip
- Cheque Deposit Slip
- Cash Deposit Slip
- Payment Advice
- Bank Reconciliation
- Manual Bank Reconciliation
- Auto Bank Reconciliation
Chapter 6: Generating Financial Statements and MIS Reports
- Introduction
- Final Accounts Reports in Tally
- Trial Balance
- Profit and Loss Account
- Balance Sheet
- Cash Flow & Fund Flow Analysis Report
- Receipts and Payments
- MIS Reports in Tally
- Stock Summary Analysis
- DayBook
- Cash and Bank Book
- Purchase Register
- Sales Register
- Journal Register
- Bird’s eye view/Drill down display from anywhere to anywhere
Chapter 7: Data Security
- Introduction
- Security Control
- Activation of Security Control
- Creation of Security Levels (User Roles)
- Creation of Users And Passwords for Company
- Accessing the company using Security Levels
- Auto Login
- TallyVault
Chapter 8: Company Data Management
- Introduction
- Backup of Company Data
- Restoring of Company Data
- Company Data Repair
- Migration of Tally.ERP 9 Company Data to TallyPrime
Chapter 9: Goods and Services Tax
- Introduction
- Why GST?
- GST Tax Structure
- Determination of Tax
- GST Registration
- Managing HSN CODE/SAC
- GST Rate Structure
- Supply of Goods and Services
- Invoicing
- Input Tax Credit
- E-Way Bill
- GST in TallyPrime
- Creation of Company and Activating GST at Company Leve
- Introducing Capital into the Business
- Creation of Masters in TallyPrime
- Recording GST compliant transactions
- Accounting Intrastate Supply of Goods
- Accounting Interstate Supply of Goods
- Input Tax Credit Set Off against Liability
- GST Tax Payment
- Timeline for payment of GST
- Modes of Payment
- Challan Reconciliation
- Generating GST Returns for Regular Dealer in Tally
- GSTR-1
- GSTR-3B
- GST Annual Computation
Why Learn Tally Prime?
Tally Prime is the industry-standard accounting software for managing business finances efficiently. Learning Tally Prime helps you handle GST, payroll, invoicing, inventory, and comprehensive accounting with accuracy. It provides practical knowledge for preparing financial statements, managing compliance, and streamlining business operations. Tally Prime is widely used by accountants, finance professionals, SMEs, and corporates, making it an essential skill for students, professionals, and entrepreneurs aiming to excel in accounting, taxation, and business management.
Future Scope After Learning Adobe Illustrator
The future scope of Tally Prime is highly promising, as businesses increasingly rely on digital accounting and GST-compliant systems. By mastering Tally Prime, you can pursue careers as an Accountant, GST Consultant, Payroll Executive, Finance Manager, Audit Assistant, or Business Analyst, with opportunities in corporates, SMEs, accounting firms, banks, and government organizations. With the growing adoption of automated accounting, real-time financial reporting, and cloud-based business solutions, Tally Prime professionals are in demand for managing accounts, inventory, taxation, and payroll efficiently. Its practical application, versatility, and industry relevance ensure strong career growth and long-term opportunities for students and professionals.
