CHAPTER-1
MANUAL FINANCIAL ACCOUNTING WITH COMPUTERIZED WITH (TALLY.ERP & Prime)

Fundamentals of Accountancy

• Terminology, Concepts, Systems, Methods
• Preparations of all kinds of Vouchers
• Cash/Banking receipt Vouchers
• Journal Vouchers
• Preparation of sales Invoice
• Debit/Credit Notes etc.

Maintenance of Books of Accounts

• (Technical maintenance as per sales Tax, Income Tax Rules & Bank Purpose)
• Cash and Bank Book
• Purchase Register
• Sales Register
• Journal Register

Salary Register

• Pay, Leave, LTA, Medical Register
• Statuary Deductions (PF, Professional Tax, ESI, TDS)

Important Transitions

• Ledger Posting
• Voucher Preparation Daybook writing Cash book Preparation Ledger writing Journal Register
• Stock Register , Purchase Register Preparation, Sales Register Preparation Invoice Preparation
• Purchase order , Sales Order , Quotation preparation Fixed Asset Register Preparation
• Preparation of Trading and Profit & Loss
• Preparation Account Balance Sheet preparation Rectification Entries Depreciation Entries
• Preparation of Bank reconciliation
• Cheque Preparation and Deposit slips
• Balance Sheet Review/ analysis

CHAPTER-2
COMPUTERIZED ACCOUNTING

• Basic of Accounting
• Business Organizations
• Accounting on Computers

Tally ERP & Prime Fundamentals

• Features
• Technology
• Payroll
• Data Migration capability
• Features pertaining to duties and Taxes
• Getting Functional with Tally ERP & Prime
• Setting up of company in Tally ERP & Prime
• Company Features
• Tally.ERP & Prime Configuration

Creating Accounting Masters in Tally ERP & Prime
Features
Configurations.
Setting up Account Heads.

Company Info Menu

• How to Select company
• How to Shut company
• How to Create company How to Alter company
• How to apply Security control
• How to Change tally vault
• How to Split company data
• How to take Back up
• How to Restore Back up
• How to use Tally audit features

Country specific configuration

• How to fill up Country details
• How to change Style of dates How to Configuration of numbers
• How to use Other options
• Loading A Company
• How to Select company
• How to change Company name How to set Financial year

Creating Inventory Masters in Tally ERP

• How to set Inventory configurations &features Inventory info. Menu
• How to set up Stock groups
• How to set up Stock categories How to create Stock items
• How to create Units of measurement
• How to create Bills of materials Locations / Go down
• Inventory voucher types

Accounts Information

• How to activate Functions in accounts info. Menu
• How to prepare Groups Tally ERP 9 & Prime
• How to prepare Ledgers
• How to enter Voucher entries

F -12 Configuration

• How to use General
• How to use Numeric symbols
• How to use Accts/inventory info.
• How to pass Voucher entry
• How to prepare Invoice / orders entry
• How to take Printing
• How to send E- mailing
• How to do Data configuration

F-11 Features

• How to use Accounting features
• How to use Inventory features

Voucher Entry in Tally ERP & Prime

Voucher Entry

• Payment voucher entry
• Receipt voucher entry
• Journal voucher entry
• Sales voucher entry
• Purchase voucher entry
• Debit note voucher entry
• Credit note voucher entry
• purchase order entry
• Sales order entry
• Receipt note entry
• Delivery note entry
• Rejection out entry
• Rejection in entry
• Stock journal entry
• Manufacturing journal entry
• Physical stock voucher entry

CHAPTER-3
ADVANCED ACCOUNTING WITH TALLY ERP & Prime

• Bill wise Details
• Cost Centers
• Cost Categories
• Voucher Class
• Cost Centers Class
• Multi Currencies
• Bank Reconciliation
• Interest Calculation
• Budgets & Controls
• Scenario Management etc.

Advanced Inventory in Tally ERP & Prime

• Order Processing
• Reorder levels
• Tracking Numbers
• Batch wise details
• Additional cost Details
• Bill of Materials
• Price Levels and Price List
• Stock Valuations
• Zero Valued Entries
• Inventory Ageing
• Different actual and billed quantities etc.
• POS, Job Costing
• Multilingual capabilities
• Security Control
• Tally Audit
• Splitting Data
• Export Data in Different Format
• Import Data
• Tally ODBC
• Web Enabled
• Printing of Reports & Cheques
• Tally.Net and Remote Capabilities
• Application Management Controls etc.

CHAPTER-4
Scope and Review of GST (Goods and Service Tax)

• Basics
• Taxation System in India

1.1 – Overview of GST Law

• Principles
• Important Definitions (Section -2)
• Why GST is Necessary?
• Impact of GST
• Benefits/ Demerits
• Different Rates of GST

1.2 – Provisions of Supply

• Scope of Supply
• Place of Supply
• Time & Value of Supply {Section (12-15)}
• Impact of GST

1.3 – GST Registration with GST Rules & Formats

• Registration Procedure under GST
• Persons required to be registered
• Process of Registration
• Forms for GST Registration (With live demo)
• GST REG-01- Application
• GST REG-02- Acknowledgement
• GST REG-06- Certificate
• REG-01 to REG-29
• Amendment in Registration
• Cancellation of Registration
• Reply of SCN

1.4 – Returns Under GST (With live demo)

• Definition & Important Notes to Return
• Types of Returns (Annual Return, Composition Return, Regular Return)
• Notice to Return Defaulters
• Levy of Late Fee
• Goods and Services Tax Practitioners
• Return Preparation Using offline tools and 3rd party software (GSTR-1, GSTR-3B, GSTR-4, GSTR-5, GSTR-6, GSTR-7, GSTR-8, GSTR-9, GSTR-9A, GSTR- 9C)
• New GST Return (RET-01, Annex-01)
• Filling of GST Return on Common Portal

1.5 – Refunds – Section 54-58 with GST Rules

• Refund of Tax (Section-54)
• Refund Process under GST (Section-55)
• Interest on Delayed Refunds (Section-56)
• Consumer Welfare Fund (Section-57)
• Utilization of Fund (section-58)
• Procedure to file refund application

1.6 – Input Tax Credit – Section 16-21 with GST Rules

• Eligibility & Conditions for taking ITC (Section-16)
• Block Credit (Section-17)
• Availability of Credit in Special Cases (Section-18)
• ITC for Job Work (Section-19)
• ITC Distribution by ISD (section-20)

1.7 – Electronic Commerce in GST – Section 52

• Definitions
• Collect of Tax at Source – E-Commerce

1.8 – Job Work & Composition Levy in GST

• Special Provision for Job Worker
• Composition Levy (Section 10)
• Quarterly Return for Compounding Taxable Person (GSTR-4)

1.9 – Other Topics – with GST Rules & Formats

• Statutory Provision Payment of Tax, Interest, Penalty and other charges (Section 49)
• Interest on delayed payment of tax (Section 50)
• Payment Procedure Live Demo
• Tax Invoices (Section 31)
• Transitional Provisions Section (139-142) Chapter XX
• Tax Deduction at source (Section 51)

1.10 – Invoicing under GST

• Tax Invoices/ Bill of supply (Legal Provision)
• Format of Tax Invoice / BOS / Debit Note / Credit Note / Payment Voucher / Receipt Voucher

1.11 – IGST LAW (Total Chapter IX, Total Section 1-25)

• Important Definitions (Section- 2)
• Determination of Nature of Supply (Section 7-9)
• Place of Supply of Goods and/or Services (Section 10-14)
• Zero Rated Supply (Section 16)

1.12 – Accounting for GST in Tally A 1.12.1 – Invoicing

• Sales Invoicing (Intra State & Inter State)
• Purchase Invoicing (Intra State & Inter State)
• Debit Note
• Credit Note

1.12.2 – Input Credit Mechanism

• Input Credit Mechanism

1.12.3 – GST Returns

• What is Annual Return its Objective and Compliance
• Difference Between GSTR-9, GSTR-9A, GSTR-9B and GSTR-9C
• Who is required to file GSTR-9
• Challenges in filing GSTR-9
• How to meet those Challenges
• Understanding of 6 Parts and 19 Tables of GSTR-9
• Consequences of not filing GSTR-9
• Preparation of GSTR-9 filing
• Processing of GSTR-9 at Department and Post filing Scenario.

1.12.4 – Tally entries to be recorded for GST in Tally

• Treatment of Reverse Charge
• Various Statutory adjustments
• Payment of GST Liability
• Payment of GST Liability – Credit
• Payment of GST Liability – Cash

1.12.5 – E-Way Bill

• Identify E-Way Bill Generation Scenarios Under GST
  • Identify -various movements which take place on daily basis
  • Sale, purchase – goods sent for repairs, job work, sales return, purchase return, imports and exports
  • Transactions with unregistered dealers etc.
• Fix Responsibility For-Way Bills
  • Agreements with business participants on roles/responsibilities
  • Updating E-Way Bill in case of change in conveyance
  • Breakdown of conveyance
  • Expiry of validity of E-Way Bill
  • Return of goods from customer premises without acceptance, etc.
• Obtain GST Registration Number
  • Prerequisite for the generation of E-Way Bill
• ID From Transporters
  • Transporter ID needs to be available before goods are dispatched Update Pin Codes
  • Pin codes are mandatory field in E-Way Bill formats
• Generation login id password on E-Way Bill portal
• Assess Personnel Requirement For Generation E-Way Bills
  • Manpower which will require to undertake E-Way Bill compliances
  • Additional manpower particularly for initial few months till system stabilizes
• Stay updated with developments in E-Way Bill
  • FAQ released by the government
  • regular updates from government

CHAPTER-5

TDS (Tax Deducted Source)*

• Concepts
• Configuring TDS in Tally ERP
• Masters
• Management
• Transactions
• Report Returns

Tax Deducted at source

• What is TDS Process
• How to prepare and Issue of TDS Certificate How to do Filing of E-TDS Return
• Enabling TDS
• What is Nature of TDS related payments Deductee types
• How to Create TDS Masters (Expense ledger, Party Ledger, Tax ledger)
• How to pass TDS Voucher Entries/Transactions How do pass TDS on expenses (Journal Voucher)
• How to pass Expenses partly subject to TDS (Journal voucher)
• How to do Accounting multiple expenses and deducting TDS later
• How to record TDS on advance payments
• How to do Adjusting advances against the bill
• How to Changes in TDS Percentage Computation
• TDS Challan Reconciliation Print Form 16A
• Form 26Q Annexure to 26Q Form 27Q Annexure to 27Q
• Form 26
• Annexure to 26
• Form 27
• Annexure to
• 27 E-Return
• E-TDS, Print form 2

CHAPTER-6

Payroll

• How to Enabling payroll in tally
• How to generate pay slip
• How to Create Payroll Masters
• How to pass Payroll Voucher Entry
• How to view Statements of payroll
• How to view Attendance-Reports
• How to view Payroll Statutory Reports
• Payroll Statutory Computation
• Employees Provident Fund (EPF)
• Reports Employees State -Insurance
• (ESI) Reports Professional Tax Report, Gratuity Report

Display of Reports

• Accounting Reports ?
• Trial Balance,
• Profit & Loss,
• Balance Sheet
• Inventory Reports ?
• Stock Summary,
• Sales Register,
• Purchase Register
• Tax Reports- Challans, Registers,
• E Filing
• Payroll Reports ? Pay Slips,
• Salary Register,
• PF Challan,
• ESI Challan
• MIS Reports ?
• Receivables,
• Payables,