Track
Financial Accounting
Duration
90 hours
Skill Level
Advanced
Language
English
About this Course
Tackle complex accounting topics such as reconciliations, adjustments, and compliance.
Learning Mode: Learn at ALC or at Home
Detailed Course Curriculum
Hands-on module breakdown aligned with MKCL production standards and industry requirements.
- Financial Accounting
- Financial Reports
- Company Data Setup
- Purchase & Sales Transaction in Tally
- Receipt Transaction & Payment Transaction
- Other Accounting Voucher
- What is the Cost Category?
- Example of Cost Centre and Cost Category
- Cost Centre Data Setup in Tally
- Creation of Cost Category & Centre in Tally
- Ledger Master Setup with Cost Centre
- Cash Expenses with Cost Centre 1 & 2
- Cash Receipt with Cost Centre
- Inventory, Service & Assets Purchase with Cost Centre
- Inventory Sales & Service Sales with Cost Centre
- Journal Transaction with Cost Centre
- Cost Category Summary & Other Cost Centre Report
- Daybook Report with Cost Centre
- Cost Centre Class Configuration
- Cost Centre Class - Expense Booking & Revenue Recognition
- Data Setup with Feature Activation
- Accounting Transaction
- Reversing Journal on Opening Master
- Other Reversing Journal
- Scenario Report in Tally
- Case Study Data Setup
- Cost Centre Creation
- Inventory Purchase
- Standard Expenses with Cost Centre Class
- Inventory Sales with Cost Centre
- Scenario Configuration
- Reversing Journal
- Cost Centre & Scenario Report
- What is Banking?
- Banking Utilities in Tally
- Mode of Banking Transaction in Tally
- Cash Deposit Slips & Cheque Deposit Slips in Tally
- Payment Advice
- Cheque Printing & Cheque Registe in Tally
- Method of Bank Reconciliation
- Manual Bank Reconciliation Introduction
- Manual Bank Reconciliation Process
- Bank Reconciliation
- E-Payment in Tally
- Bank Ledger Configuration
- E-Payment Transactions
- E-Payment Reports & Reconciliation
- Interest Calculation in Tally Prime
- Simple Interest Calculation
- Compound Interest Calculation
- Interest Calculation Parameter
- Data Setup with Interest Feature
- Supplier Master - Simple Interest Setup
- Customer Master - Advance Interest Setup
- Loan Payable - Simple Interest Setup
- Fixed Deposit Interest Rate Setup
- Interest Income & Expense Ledger
- Interest Voucher Class
- Fixed Deposit Interest Configuration
- Fixed Deposit Interest Booking
- Loan Payable Interest Configuration
- Loan Payable Interest Booking
- Sales Invoice Debtor Configuration
- Sales Invoice under General Parameter
- Sales Invoice under Overridden Parameter
- Receipt against sales with Interest
- Interest Calculation Report in Tally
- Interest Calculation Case Study – Data Setup
- Purchase Invoice with General Parameter
- Purchase Invoice with Overridden Parameter
- Payment against Purchase Invoice with Interest
- Compound Interest Configuration on Loan Payable
- Compound Interest Booking on Loan Payable
- Compound Interest Configuration on Investment
- Compound Interest Booking on Investment
- Bank Ledger Configuration with Interest
- Interest Calculation on Bank Balance
- Import of Master using Excel Format
- Import of Transaction using Excel Format
- Digital Signature from Tally
- E Mail with Digital Signature from Tally
- Dashboard Report in Tally
- Natural Query Language in Tally
- What is ODBC in Tally?
- Data Extraction using ODBC
- TSS Feature in Tally
- What is data synchronization?
- Purpose of Data Synchronization
- Prerequisites for Data Synchronization in Tally
- Data Synchronization - Data Setup
- Online Client Synch Rule Setup - One way
- Synchronization Initialization (Server Rule Activation)
- Transaction under Branch Data
- Data Synchronization from Client to Server
- IP Based Client Rule Setup - Both Way
- Master Setup with Opening in Client Data
- Server Data Setup - with Master Opening
- Master Exchange - Snapshot
- Transaction in Sync Data
- Both Way Data Sync - IP Based
- On Demand Sync Setup
- On Demand Data Synchronization
- IP Based Client Rule Setup - Both Way
- Master Setup with Opening in Client Data
- Server Data Setup - with Master Opening
- Master Exchange - Snapshot
- Transaction in Sync Data
- Both Way Data Sync - IP Based
- On Demand Sync Setup
- On Demand Data Synchronization
- Data Setup using Master Sync Rule
- Cost Centre Setup in Data
- Party Master Setup with Advance Interest Parameter
- Material Purchase with Cost Centre
- Service Purchase with Cost Centre
- Expense Booking Sub Cost Centre
- Expenses with Cost Centre Class
- Inventory Sales with Cost Centre
- Interest Voucher Class
- Payment & Receipt with Interest
- Payroll Feature in Tally Prime
- Payroll Cycle in Tally
- Payroll Components - Earning & Deductions
- Payroll Data Setup in Tally
- Employee Master Setup - General Details
- Employee Master Setup - Statutory Details
- Payroll Attendance Master
- Earning Pay head Setup - Basic & HRA
- Earning Pay head Setup - Other Allowances
- Deductions Pay head Setup
- Payroll Vouchers
- Defining Salary
- Manual Attendance Voucher
- Autofill Attendance Voucher
- Payroll Voucher - User Defined Value
- Payroll Voucher – Salary
- Payroll Voucher – Salary Payment
- Payroll Pay slip
- Payroll Paysheet Report
- Other Payroll Report
- Payroll Data Setup - General Information
- Payroll Data Setup - Statutory Information
- Provident Fund
- Provident Fund Master Setup
- Employe State Insurance – ESI
- ESI Master Setup
- National Pension Scheme
- National Pension Scheme Master Setup
- Professional Tax
- Professional Tax Master Setup
- Salary Structure with PF, PT & ESI
- Salary Structure with PF, PT & NPS
- Attendance Record
- Salary Payroll Voucher
- Employer’s PF Contribution
- Employer’s Other Charges
- Employer’s ESI Contribution
- Employer’s NPS Contribution
- Payroll Salary Payment
- Payroll Statutory Payment – PF, ESI, PT & NPS
- Case Study Data Setup
- Income Tax (Tax on Salary)
- Applicability of Income Tax on Salary
- Income Tax Regime
- Old Tax Vs New Tax Regime
- Income Tax Slab
- Data Setup with Income Tax Details
- Pay heads Configuration with Income Tax
- Employee Master – Regular Tax Regime
- Employee Master with New Tax Regime
- Income Tax Report - Regular Tax Regime
- Income Tax Report - New Tax Regime
- Payroll Voucher with default Tax
- Tax on Salary Payment with Challans
- Income Tax Pay Head Details
- Tax Exemptions under Tax Computation
- Defining Exemptions
- HRA Exemption Declaration
- Other Exemptions Declaration
- Income Tax Declaration - Other Income
- Deductions under Chapter VIA
- Declaration under Chapter VIA
- Income Tax Report Preview
- Payroll Transaction with Exemptions & Deductions
- Overriding Tax Deductions
- Payroll Transaction with overridden Tax
- Overtime Pay Configuration
- Overtime Attendance Voucher
- Payroll transaction with Overtime Pay
- Payroll - Employer’s Statutory Contribution
- Payment of Statutory dues
- Tax Computation Report – Analysis
- Statutory Challan Reconciliation
- What is Gratuity?
- Gratuity Pay head Setup
- Revision of Salary
- New Joinee Employee Setup
- Previous Employer Details
- Advance to Employee
- Attendance Voucher – August
- Payroll Voucher with Arrear Salary
- Pay slip & Paysheet Report
- Income Tax Computation Report Old Regime & New Regime
- Tax Computation Report & Return
- Summary Payroll Report
- Provident Fund Report in Tally
- Employee State Insurance Report in Tally
- Professional Tax Report in Tally
- National Pension Scheme Report in Tally
- Gratuity Report in Tally
- Case Study Data Setup
- Salary Structure
- Employee Master
- Loan & Advance - Salary Adjustment
- Attendance Record
- Payroll Record
- Salary Revision
- Employee’s Resignation
- Revised Salary Payroll Record
- Tax Computation Data Setup
- Case Study - Salary Structure
- Case Study - Employee Master
- Investment Declaration under Chapter VIA
- Case Study - Salary Transaction
- Case Study - Salary Increment
- Tax Computation Report - Regular Regime
- Tax Computation Report - New Regime
- Additional declaration under Chapter VIA
- Case Study - Revised Salary Transaction
- Tax Computation Related Report
- TDS - Tax Deducted at Source
- Applicability of TDS
- Common TDS Nature of Payment
- TDS Cycle
- TDS Returns & Forms
- TDS Process with Example
- TDS Data Setup in Tally
- TDS Nature of Payment Setup
- TDS Party Master Setup
- TDS Expense Master Setup
- TDS Duty Ledger Setup
- TDS Expense - Professional Service 194J
- TDS Expense - Below Threshold Limit (194H)
- TDS Expense - Payment to Transporter (194C)
- Advance Payment - Technical Services (194J)
- TDS Expense - Rent of Land, Building (194I)
- TDS Expenses - Payment to Contractor (194C)
- TDS Expense against Advance Payment (194J)
- TDS Payment with Challan Details
- 26Q TDS Report
- Other TDS Report in Tally
- TDS Expense Above Threshold Limit
- TDS Expense with lower Rate
- TDS Expenses with Zero Rate
- TDS Expenses in absence of PAN
- TDS Expenses U/S 195
- TDS Payment 26Q
- TDS Payment 27Q
- 26Q TDS Return Report
- 27Q TDS Return Report
- Introduction to GST
- GST Council in India
- Structure and Types of GST
- GST Nature of Supply
- Place and Time of Supply under GST
- GST Rates and Classification
- Registration under GST
- Input Tax Credit
- Taxes Subsumed under GST
- Products & Services excluded under GST
- Documents & Vouchers under GST
- GST Return & Compliance
- Types of GST Registration
- Criteria for GST Registration
- Mandatory Criteria for GST Registration
- Process of GST Registration
- Amendment of GST Registration
- Cancellation or surrender of GST Registration
- GST Data Setup
- GST Master Configuration – Party Master
- GST Master Configuration – Inventory Master
- Intrastate Inward Supply - Goods
- Interstate Inward Supply - Goods
- Debit Note against Inward Supply
- Intrastate Outward Supply - Goods
- Interstate Outward Supply - Goods
- Credit Note against Outward Supply
- GSTR1 & GSTR3B Return Report
- What is E-Way Bill
- Requirement of E-Way Bill
- E-Way Bill Setup in Data
- What is E-Invoice
- Requirement of E-Invoice
- E-Invoice Setup in Data
- Goods Inward Supply with E-Way Bill
- E Waybill & E Invoice Outward Transaction
- E Waybill Report
- E Invoice Report
- What is E-Invoice
- Requirement of E-Invoice
- E-Invoice Setup in Data
- E- Invoice Outward Supply - Service
- Outward Supply with E-Way Bill & E-Invoice
- E Invoice Report
- Generating E Invoice from Tally
- Cancellation of E-Invoice
- Generating E Waybill from Tally
- Cancellation of E-Way bill
- Do’s and Don’ts under E-Way Bill & E-Invoice
- What is Zero Rated Supply
- Applicability of Taxes under Zero Rated
- Zero Rated Supply Data Setup
- Zero Rated Supply - SEZ Taxable
- Zero Rated Supply - Exprt Taxable
- Zero Rated Supply - SEZ Non-Taxable
- Zero Rated Supply - Export Non-Taxable
- Outward Supply to Other Territory
- GSTR1 & GSTR3B Return Preview
- Reverse Charge Mechanism (RCM) under GST
- Applicability of Taxes under RCM
- Criteria for RCM Tax Liability under GST
- RCM Vs FCM
- RCM Data Setup in Tally
- RCM Expense Ledger Setup
- RCM Inward Supply - Eligible Credit
- RCM Liability & ITC - Eligible Credit
- RCM Inward Supply - In-Eligible Credit
- RCM Liability & ITC - In-Eligible Credit
- Advance Payment under RCM
- RCM Liability against Advance Payment
- RCM Inward Supply against advance payment
- Tax Adjustment against RCM Inward Supply
- Payment of RCM Tax Liability
- Purchase from URD - RCM
- RCM liability on URD Purchase
- RCM Advance Payment
- Advance Payment Refund under RCM
- RCM Outward Supply - Process
- RCM Outward Supply Return Report
- Import Transaction under GST
- Applicability of GST under Import of Goods
- Tally Data Setup for Import Transaction
- Accounting Master Configuration for Import of Goods
- Inventory Master Configuration for Import of Goods
- Import of Goods Transaction - A
- Import of Goods Transaction - B
- Import of Goods - Related Report in Tally
- Import of Service Transaction
- RCM Liability & ITC on Import of Services
- Payment of RCM liability on Import Service
- GSTR3B Return Report – Import Transaction
- Advance Receipt under GST
- Advance Receipt – Data Setup in Tally
- Advance Receipt Transaction 1
- Advance Receipt Transaction 2
- Tax Liability on Advance Receipt
- Impact of Advance Receipt under GST Return
- Advance Receipt Liability Payment
- Sales against Advance Receipt
- Adjustment of Advance Tax
- Refund of Advance Receipt with Tax Adjustment
- Payment of Net Tax Liability
- What is GSTR1 Return?
- Quarterly GSTR1 Return
- Monthly GSTR1 Vs Quarterly GSTR1
- Process to file GSTR1 Return from Tally
- GSTR1 Return Report from Tally
- Error & Rectification from GSTR1 Return
- Reconciliation of GSTR1 data
- Method of GSTR1 Return Filing
- Preparation of GSTR1 using offline tool
- Export of GSTR1 using JSON format
- Upload of JSON file on GST Portal
- Online GSTR1 Return Verification and Filing
- GSTR1 Return Acknowledgement
- What is an Input Tax Credit
- Conditions to Claim ITC
- Eligible & In Eligible ITC
- ITC Setoff Rule with example
- Inward Transaction - Eligible ITC
- Inward Transaction - In Eligible ITC
- Inward Transaction - RCM
- ITC Reversal – On Account of Non-Payment
- ITC Reversal – Other Cases
- GST Ledger Balance Treatment
- Input Tax Credit Matching & Purpose
- ITC Reconciliation Process
- Cases under ITC Reconciliation
- Difference between GSTR2A & GSTR2B
- GSTR2A vs GSTR2B Illustration
- Downloading and understanding GSTR2B Report
- Reconciling ITC with GSTR2B - I
- Reconciling ITC with GSTR2B - II
- ITC Classification based on GSTR2B reconciliation
- GST Reconciliation in Tally
- What is GSTR3B?
- Process to file GSTR3B Return from Tally
- GSTR3B Return in Tally I
- GSTR3B Return in Tally II
- Drafting GSTR3B Return from Tally
- Computation of Tax Liability - GSTR3B Format
- Computation of Tax Liability - GSTR3B Preparation
- Computation of Tax Liability - ITC Adjustment
- Uploading GSTR3B Return on portal I
- Uploading GSTR3B Return on portal II
- Payment of Tax Liability under GSTR3B
- Filing Return & Acknowledgement
- ITC Adjustment in Books
- Payment of GST in Tally
Eligibility Criteria
• Basic knowledge of computers and keen desire to build skills in this field.
• Open to students, job seekers, and working professionals.
• Open to students, job seekers, and working professionals.
Official Certification
• Official MKCL KLiC Certificate upon successful completion of the course and evaluations.
Work-Centric Learning Approach
• Step 1: Learners are given an overview of the course and its connection to life and work
• Step 2: Learners are exposed to the specific tool(s) used in the course through the various real-life applications of the tool(s).
• Step 3: Learners are acquainted with the careers and the hierarchy of roles they can perform at workplaces after attaining increasing levels of mastery over the tool(s).
• Step 4: Learners are acquainted with the architecture of the tool or tool map so as to appreciate various parts of the tool, their functions, utility and inter-relations.
• Step 5: Learners are exposed to simple application development methodology by using the tool at the beginner’s level.
• Step 6: Learners perform the differential skills related to the use of the tool to improve the given ready-made industry-standard outputs.
• Step 7: Learners are engaged in appreciation of real-life case studies developed by the experts.
• Step 8: Learners are encouraged to proceed from appreciation to imitation of the experts.
• Step 9: After the imitation experience, they are required to improve the expert’s outputs so that they proceed from mere imitation to emulation.
• Step 10: Emulation is taken a level further from working with differential skills towards the visualization and creation of a complete output according to the requirements provided. (Long Assignments)
• Step 11: Understanding the requirements, communicating one’s own thoughts and presenting are important skills required in facing an interview for securing a work order/job. For instilling these skills, learners are presented with various subject-specific technical as well as HR-oriented questions and encouraged to answer them.
• Step 12: Finally, they develop the integral skills involving optimal methods and best practices to produce useful outputs right from scratch, publish them in their ePortfolio and thereby proceed from emulation to self-expression, from self-expression to self-confidence and from self-confidence to self-reliance and self-esteem!
• Step 2: Learners are exposed to the specific tool(s) used in the course through the various real-life applications of the tool(s).
• Step 3: Learners are acquainted with the careers and the hierarchy of roles they can perform at workplaces after attaining increasing levels of mastery over the tool(s).
• Step 4: Learners are acquainted with the architecture of the tool or tool map so as to appreciate various parts of the tool, their functions, utility and inter-relations.
• Step 5: Learners are exposed to simple application development methodology by using the tool at the beginner’s level.
• Step 6: Learners perform the differential skills related to the use of the tool to improve the given ready-made industry-standard outputs.
• Step 7: Learners are engaged in appreciation of real-life case studies developed by the experts.
• Step 8: Learners are encouraged to proceed from appreciation to imitation of the experts.
• Step 9: After the imitation experience, they are required to improve the expert’s outputs so that they proceed from mere imitation to emulation.
• Step 10: Emulation is taken a level further from working with differential skills towards the visualization and creation of a complete output according to the requirements provided. (Long Assignments)
• Step 11: Understanding the requirements, communicating one’s own thoughts and presenting are important skills required in facing an interview for securing a work order/job. For instilling these skills, learners are presented with various subject-specific technical as well as HR-oriented questions and encouraged to answer them.
• Step 12: Finally, they develop the integral skills involving optimal methods and best practices to produce useful outputs right from scratch, publish them in their ePortfolio and thereby proceed from emulation to self-expression, from self-expression to self-confidence and from self-confidence to self-reliance and self-esteem!
Ready to start Mastering Advanced Accounting?
Join our upcoming batch at ZICA Kalyani center with certified instructors.
Other MKCL Courses
-
Advanced Excel
120 hours -
Tally Prime with GST
120 hours -
Advance Accounting Insights
60 hours