Manual Accounting
1. Accounting Principles
Understand key accounting concepts, terms, and principles
2. Recording Transactions -1
Record business transactions as journal entries, Construct a trial balance
3. Recording Transactions -2
Record business transactions as journal entries, Construct a trial balance
4. Understanding Financial Statements
Understand the content and purpose of the income statement and balance sheet
5. Adjusting Journal Entries
Record advanced business transactions as journal entries
6. The Statement of Cash Flows
Use the statement of cash flows to evaluate the financial health and lifecycle stage of a business
7. Analysing Financial Statements
Evaluate company performance using profitability, efficiency, leverage, and other ratios
8. Forecasting and Valuation
Use financial forecasting to predict future revenue, expenses, and cash flow
9. Review the Terms
Discussion about Accounting Procedures
10. Project
Solve a relevant Accounting Project
Sinet Tally Prime Course Contents
SERVICE COMPANY RECORDS
1. Fundamentals Of Tally Prime
Company Features Configuration, Creation, Setting up of Company in Tally Prime
2. Accounting Masters
Groups & Ledger Account, Creation, Display, Alter, Entering opening balance
3. Chart of Accounts with adjustments
Effects of Adjustment Entries In Final Accounts
4. Basic Voucher entry
Contra, payment, receipt, journal, purchase, sales, debit note, credit note
5. Basic Voucher entry with adjustments
Contra, payment, receipt, journal, purchase, sales, debit note, credit note
6. Generating Reports
Day Book , Financial Statements, Balance sheet, Profit & Loss account
7. Cost Center & Cost Category
Enabling cost centers and categories, Creating departmental-wise expense tracking, Allocating incomes and expenses, Generating cost center reports and comparisons
8. Budgeting and Forecasting Basic level
Budget creation by Group and Ledger, Setting up Cost Center budgets, Variance analysis and Monthly tracking
9. Multiple Currencies
Enabling Creation & Alteration, Exchange rate Configuration , Foreign Currency Transaction, Reports with Multiple Currency
10. Accounting and Financial Reports in Tally Prime
Balance Sheet, Profit & Loss Account, Trial Balance , Cash Flow & Funds, Flow Statements, Ratio Analysis, Cash/Bank books
ACCOUNTS FOR TRADING COMPANIES
11. Inventory Management
Activating Inventory in Tally Prime, Creating Stock Groups, Stock Items, and Categories, Units of Measure, Opening balances for stock, Stock Summery Reports
12. Invoicing in Tally Prime
Purchase Invoice, Purchase Return, Outgoing Payment, Sales Invoice, Sales Return , Incoming Payment
13. Generating Reports Inventory
Stock Summary, Stock Item Reports, Movement Analysis, Purchase Register, Sales Register, Profit Analysis, Stock Ageing Reports, Vendor & Customer Outstanding Summary
14. Advance Inventory Multiple Unit & Discount Entries
Creating Multiple Unit Of Stock Items, Discounts In Purchase And Sales Vouchers
15. Advance Inventory Sales Person , Additional Expense In Purchase And Sales
Creating Sales Person, Commission Paid To Sales Person, Set Additional Expense Of Purchase And Sales
16. Purchase and Sales Order Management in Tally Prime
Activate Purchase Order and Sales Order Vouchers, Entering Purchase Order and Sales Order, Purchase and Sales Order Reports, Outstanding Reports of Purchase orders & Sales Orders
17. Multi-Godown and Location Management
Concept of Godowns and Ware houses, Creating & Recording godown-based stock movements, Inventory analysis by location,
18. Inventory Adjustments
Creating a Stock item in Advance Mode, Item Description, Item Category, Maintain in Batches, Track Date of Mfg, Use Expiry Dates, Set up Barcode, & Entering Actual & Billed- Quantity, Creating Price List, Activate the Zero valued Entries
19. Price List and Discount Management
Creating and Activating Price Lists, Configuring Customer-Specific Pricing, Quantity-Wise and Date-Wise Price Levels, Automatic discounts and margin settings,
20. Inventory Vouchers
Bill Pending Purchase, Sales & Returns, Bill Pending Reports
21. Advanced Budgeting and Forecasting
Create Budgets for Cost Centres , Budgets for Groups, Budgets for Ledgers , View Budget Variance
ACCOUNTS FOR MANUFACTURING COMPANIES
22. Assembling & Dissembling (Setting BOM)
Create Bill of Materials for a Stock Item, Multiple BOM with different component, Creating and Use of Manufacturing Journal Entry of Manufacturing Journal, Production details in Manufacturing, Cost calculation for Final Product
ACCOUNTS FOR CONSTRUCTION COMPANIES
23. Job Costing
Cost Centre for Job Costing, Enable and Creation of Job Costing, Enable Godown for Job Costing, Use Stock Journal Voucher class for Job Costing, Job or Project wise Job Work Analysis Report Allocate Costs to Projects for Sales
24. Payroll Management ( Net Salary Calculation ) in Tally Prime
Employee setup, Salary Processing, PF/ESI Calculation, Generate the Pay Slip, Pay Slip Printing
TAX MANAGEMENT
25. TDS (Tax Deducted At Source) in Tally Prime
TDS concepts, Master Creation, Payment, and Reporting
26. TCS (Tax Collect At Source)
TCS concepts, Master Creation, Payment, and Reporting
27. Interest calculations
Enable Interest Calculation, Record Interest on Capital, View Interest Report
28. GST (Goods and Service Tax)
GST Setup, Activation, Ledgers for CGST, SGST, IGST, Recording GST Transactions (Purchase, Sales, Returns, Advance Receipts) Reverse Charge, E-Way Bills, GST Returns.
29. GCC VAT With Adjustment Entry
Introduction to GCC VAT , Tally Prime Configuration, Transaction Recording, VAT Compliance & Reporting
OTHER FEATURES IN TALLY PRIME
30. Advanced Accounting Features
How to Configure Cheque Printing, Set Credit limits, How to do Bank Reconciliation
31. Management Information System (MIS) reports
MIS Report: Sales MIS Reports, Budget Reports, Production Reports, Cash Flow Statement Report, Funds Statement Report, Profit Report, Income Statement Report, Abnormal Losses Reports, Costing Reports, HR MIS Reports, Inventory Reports, Receivable and Payable Statement Report, Godown Wise Stock Reports, and Transfer Report to Microsoft Excel
* Each Session include:
Faculty training, Lab Practice, Lab Exercises and Portal based assignments.
* Sinet Education reserved the right to alter the course contents, offers, price, certificates etc.