Tally Course

Lesson 1 • Navigating the Tally Interface

Explores menus, gateways, and screen layouts within Tally. Fluent navigation reduces errors and speeds up all subsequent data entry work.

Lesson 2 • Fundamentals of Accounting Concepts

Covers the accounting equation, double-entry system, and key terminology. Establishes the conceptual base required for all Tally data entry tasks.

Lesson 3 • Tally Software Overview and Installation

Introduces Tally's purpose, editions, and system requirements. Students install and launch the software, preparing for hands-on practice.

Lesson 1 • Understanding Predefined Account Groups

Examines Tally's built-in group hierarchy and its mapping to financial statements. Correct group assignment ensures accurate balance sheet and profit-and-loss reports.

Lesson 2 • Chart of Accounts Review and Audit

Covers methods to review, verify, and correct the full chart of accounts. A clean chart of accounts prevents misclassification errors in financial statements.

Lesson 3 • Custom Groups and Sub-Ledgers

Demonstrates creating user-defined groups and nested sub-ledger structures. Custom grouping enables industry-specific reporting tailored to business needs.

Lesson 1 • Recording Payment and Receipt Transactions

Walks through cash and bank payment and receipt entries step by step. Students post real-world transactions and verify ledger balances after each entry.

Lesson 2 • Voucher Types and Their Purpose

Introduces each standard voucher type and the transactions it records. Choosing the correct voucher type ensures proper ledger impact and report accuracy.

Lesson 3 • Journal and Adjustment Entries

Teaches journal vouchers for non-cash adjustments, provisions, and corrections. Proper journal entries maintain the integrity of period-end financial statements.

Lesson 4 • Voucher Alteration and Deletion

Explains how to locate, edit, and delete posted vouchers safely. Students apply access controls to prevent unauthorised changes to finalised entries.

Lesson 1 • Stock Reports and Analysis

Generates stock summary, movement analysis, and reorder level reports. These reports support purchasing decisions and prevent stockouts or overstock situations.

Lesson 2 • Stock Configuration and Settings

Activates stock features and configures valuation methods and tracking options. Correct configuration aligns stock records with accounting entries from the start.

Lesson 3 • Godowns and Multi-Location Stock

Sets up multiple storage locations and transfers stock between godowns. Multi-location tracking gives accurate location-wise stock visibility.

Lesson 4 • Purchase and Sales with Stock

Links purchase and sales vouchers to stock items for automatic stock updates. Students verify that ledger and stock balances reconcile after each transaction.

Lesson 1 • Recording Credit Sales and Purchases

Posts credit invoices with bill references and due dates for ageing purposes. Accurate reference entry is essential for generating correct outstanding statements.

Lesson 2 • Receipts and Payments Against Bills

Applies incoming receipts and outgoing payments to specific outstanding bills. Proper allocation eliminates phantom balances and keeps ageing reports clean.

Lesson 3 • Outstanding and Ageing Reports

Generates debtor and creditor outstanding reports with ageing bucket analysis. Students interpret ageing data to prioritise collections and manage cash flow.

Lesson 1 • Tax Ledger and Rate Setup

Creates tax ledgers with correct rates and links them to appropriate account groups. Proper ledger setup ensures tax amounts post to the right accounts automatically.

Lesson 2 • Tax-Inclusive and Tax-Exclusive Invoicing

Records sales and purchase invoices with tax calculated inclusively or exclusively. Students verify that tax amounts and net values match expected figures.

Lesson 3 • Tax Reports and Return Preparation

Generates tax summary, tax liability, and return-ready reports from Tally data. Students export or print reports formatted for submission to tax authorities.

Lesson 1 • Cash Flow and Fund Flow Reports

Generates cash flow and fund flow statements to assess liquidity and working capital. These reports support management decisions on financing and operations.

Lesson 2 • Profit and Loss Account

Generates the profit-and-loss report and customises its display format. Students analyse gross and net profit margins and trace variances to specific ledgers.

Lesson 3 • Trial Balance and Day Book

Produces and reviews the trial balance and day book for period-end verification. These reports are the first checkpoint for detecting posting errors before closing.

Lesson 4 • Balance Sheet Analysis

Reads and interprets the Tally balance sheet with asset and liability breakdowns. Students verify that the balance sheet balances and reflects correct group totals.

Lesson 1 • Cost Centres and Cost Categories

Allocates transactions to cost centres and categories for departmental reporting. Cost centre analysis reveals profitability and expense patterns by business unit.

Lesson 2 • Budgets and Budget Variance Analysis

Creates budgets for ledgers and groups, then compares actuals against targets. Budget variance reports highlight overspending and support corrective action.

Lesson 3 • User Roles and Security Controls

Configures user accounts, passwords, and role-based access within Tally. Proper access control prevents unauthorised data entry, alteration, or deletion.

Lesson 4 • Year-End Closing and New Year Setup

Executes period-end closing procedures and opens a new financial year in Tally. Students carry forward balances correctly and archive the closed year's data.