Financial Accounting

Tally Master Essentials

Manage day-to-day accounting, invoicing, and inventory using Tally software.

Tally Master Essentials
Track Financial Accounting
Duration 90 hours
Skill Level Foundation
Language English

About this Course

Manage day-to-day accounting, invoicing, and inventory using Tally software.
Learning Mode: Learn at ALC or at Home

Detailed Course Curriculum

Hands-on module breakdown aligned with MKCL production standards and industry requirements.

  • Definition & Utility of Accounting
  • Introduction to Accounting
  • Method of Accounting
  • Financial Accounting Concept
  • Basic Books of Accounts
  • Recording Financial Transactions
  • Manual Accounting System
  • Financial Reports under Accounting
  • Introduction of Tally Prime
  • History of Tally
  • Importance of Tally in accounting
  • Tally ERP 9 Vs Tally Prime
  • Tally Prime Setup - Download
  • Tally Prime Setup - Installation
  • Tally License Information
  • Tally Prime Interface - Select Company
  • Tally Prime Interface - Manage Options - Other Buttons
  • Tally Prime Interface - Manage Options - F1 Help Button
  • Company Creation in Tally Prime - I
  • Company Creation in Tally Prime - II
  • Company Feature in Tally Prime - Accounting Feature
  • Company Feature in Tally Prime - Inventory Feature
  • Company Feature in Tally Prime - Taxation & Other Feature
  • Gateway of Tally Introduction - Menu Options - I
  • Gateway of Tally Introduction - Menu Options - II
  • Gateway of Tally Introduction - Main Screen - I
  • Gateway of Tally Introduction - Main Screen - II
  • Accounting Group Introduction
  • Accounting Group & Sub Group Creation I
  • Accounting Group & Sub Group Creation II
  • Accounting Group & Sub Group Alteration/Deletion
  • Accounting Ledger Introduction
  • Accounting Ledger Creation - I
  • Accounting Ledger Creation - II
  • Accounting Ledger Creation - III
  • Accounting Ledger Alteration/Deletion
  • Stock Group Introduction
  • Stock Group Creation
  • Stock Group Alteration / Deletion
  • Stock Category Introduction
  • Stock Category Creation
  • Stock Category Alteration / Deletion
  • Unit of Measurement Introduction
  • Unit of Measurement Creation - Simple & Compound
  • Unit of Measurement Alteration/Deletion
  • Godown Introduction
  • Godown Vs Location
  • Godown and Location Creation
  • Godown Location, Alteration/Deletion
  • Stock Item Introduction
  • Stock Item Creation
  • Stock Item Alteration/Deletion
  • Voucher Types in Tally Introduction
  • Voucher Types Creation/Alteration in Tally Prime
  • Chart of Accounts in Tally Prime
  • Chart of Accounts - Accounting Groups
  • Chart of Accounts - Accounting Ledgers
  • Chart of Accounts - Voucher Types
  • Chart of Accounts - Inventory Masters
  • Multi Accounting Master - Introduction
  • Multi Accounting Master - Creation
  • Multi Accounting Master Alteration
  • Multi Inventory Master - Introduction
  • Multi Inventory Master - Creation
  • Multi Inventory Master Alteration
  • Preview of Trial Balance with Master Opening
  • Preview of Profit & Loss Statement
  • Preview of Balance Sheet with Master Opening
  • Treatment of Opening Balance Difference
  • Basic Accounting Vouchers used for business Transaction
  • Receipt Transaction in Tally Prime - Configuration
  • Receipt Transaction in Tally Prime - Booking
  • Receipt Transaction in Tally Prime - Cash Receipt
  • Receipt Transaction in Tally Prime - Bank Receipt
  • Payment Transaction in Tally Prime - Configuration
  • Payment Transaction in Tally Prime - Booking
  • Payment Transaction - Petty Cash Expenses
  • Payment Transaction - Online Payment
  • Payment Voucher
  • Receipt Voucher
  • Contra Voucher Configuration
  • Contra Voucher - Cash Deposit
  • Contra Voucher - Interbank Transfer
  • Receipt Voucher as Contra Voucher
  • Payment Voucher as Contra Voucher
  • Journal Voucher - Depreciation
  • Journal Voucher - Other transaction
  • Cash Bank Books and Trial Balance Reports
  • Cash Purchase Transaction - Configuration
  • Cash Purchase Transaction - Account Invoice
  • Cash Purchase Transaction - Voucher Format
  • Credit Purchase Transaction - Account Invoice
  • Credit Purchase Transaction - Voucher Format
  • Cash Sales Transaction - Configuration
  • Cash Sales Transaction - Account Invoice
  • Credit Sales Transaction - Account Invoice
  • Credit Sales Transaction - Voucher Format
  • Inventory Cash Purchase - Configuration
  • Inventory Cash Purchase - Transaction
  • Inventory Credit Purchase
  • Inventory Credit Purchase with Delivery Charges
  • Inventory Cash Sales - Bank Account
  • Inventory Cash Sales - Cash Ledger
  • Inventory Credit Sales
  • Inventory Credit Sales with Delivery Charges
  • Debit Note Voucher
  • Credit Note Voucher
  • Stock Journal - Material Transfer
  • Stock Journal - Material Consumption
  • Physical Stock
  • Memorandum Voucher
  • Optional Voucher Configuration
  • Optional Voucher Performa Invoice
  • Financial Statements
  • Accessing Trial Balance Report
  • Working with Trial Balance in Tally
  • Accessing Profit & Loss Account Report
  • Working with Profit and Loss Report in Tally
  • Accessing Balance Sheet Report
  • Working with Balance Sheet Report in Tally
  • Accessing Stock Summary Report
  • Working with Stock Summary Report
  • Cash & Funds Flow Statements
  • Day book & Trial Balance Report
  • Cancellation, Alteration and Deletion of Vouchers
  • Addition & Insertion of Transaction in Tally Prime
  • Printing & Exporting Vouchers
  • Columnar Sales Register
  • Columnar Purchase Register
  • Cash & Bank Books in Tally Prime
  • Edit Log in Tally Prime
  • What is Billwise feature in Tally Prime?
  • Types of Bills Reference in Tally Prime?
  • Credit Purchase Transaction -I
  • Credit Purchase Transaction -II
  • Credit Sales Transaction - I
  • Credit Sales Transaction -II
  • Receipt Transaction (Against Reference)
  • Payment Transaction (Against Reference)
  • Receipt Transaction (Advance Reference)
  • Payment Transaction (Advance Reference)
  • Receipt and Payment on Account Reference
  • Bill wise Transaction for Non-Trading Account
  • Accounting Ledger Report - Creditors & Debtors
  • Outstanding Receivables Report
  • Outstanding Payables Report
  • Ledgerwise Outstanding Report
  • Groupwise Outstanding Report
  • On Account Reference & Bill Settlements
  • What is Banking Feature in Tally?
  • Mode of Banking Transactions in tally prime
  • Bank Ledger Setup - Current Account
  • Bank Ledger Setup - OD Account
  • Receipt Transaction Single Party
  • Receipt Transaction Multi Party
  • Payment Transaction Single Party
  • Payment Transaction Multi Party
  • Inter Company Fund Transfer - Contra Transaction
  • Cash Purchase (via Bank Account)
  • Cash Sales (via Bank Account)
  • Income Receipt Transaction
  • Expense Payment Transaction
  • Cheque Printing Configuration
  • Cheque Printing from Voucher
  • Cheque Printing Reports
  • Payment Advice - Single Transaction
  • Payment Advice - Multiple Transaction
  • Cheque Register Report
  • Cheque Register Alter Status
  • Cash Deposit Slip
  • Cheque Deposit Slip
  • Post Dated Transaction
  • Post Dated Summary
  • Bank Reconciliation Preview
  • Bank Reconciliation Process
  • What is Multi Currency Feature in Tally Prime?
  • Multi-Currency Concept - ROE, FEF Realised & Unrealised
  • Company Creation with Base Currency
  • Multi - Currency Creation/Alteration
  • Export Invoice Inventory
  • Export Invoice Service
  • Import Invoice - Inventory
  • Import Invoice Service
  • Unadjusted Gain or Loss (FEF) Report
  • Payment against Import Invoice
  • Forex Exchange Gain or Loss Ledger & Voucher Configuration
  • Forex Gain or Loss on Import - Full Payment
  • Forex Gain or Loss on Import - Part Payment
  • Receipt against Export Invoice
  • Forex Gain or Loss on Export - Part Payment
  • Forex Gain or Loss on Export - Full Payment
  • Forex Gain or Loss on Advance Payment
  • Forex Gain or loss on unrealised invoice (Year End)
  • Bank Charges on Receipt
  • Subsequent Year Export Invoice
  • Subsequent Year Receipt
  • Subsequent Year Transaction - Import Purchase
  • Subsequent Year Transaction - Closing ROE
  • Subsequent Year Transaction - Payment Voucher
  • Forex Gain or Loss Reports
  • Do’s & Don’ts’s while working with Multi Currency
  • What is Purchase Order?
  • Purchase Order Cycle in Tally Prime?
  • Purchase Order Feature - Company Creation
  • Purchase Order Feature - Voucher Setup
  • Purchase Order Voucher Configuration
  • Purchase Order Voucher No 1
  • Purchase Order Voucher No 2
  • Receipt Note Voucher No 1
  • Receipt Note Voucher No 2
  • Purchase Invoice No 1
  • Purchase Invoice No 2
  • Payment against Purchase
  • Purchase Order Report
  • Advance Purchase Order
  • Purchase Order Voucher No 1
  • Purchase Order Voucher No 2
  • Receipt Note Voucher No 1
  • Receipt Note Voucher No 2
  • Pre-closure of Purchase Order
  • Rejection out Voucher
  • Purchase Invoice against PO No 1
  • Purchase Invoice against PO No 2
  • Debit Note against Purchase Invoice
  • Payment Entry against Purchase Invoice
  • Purchase Order Report
  • What is Sales Order?
  • Sales Order Cycle in Tally Prime
  • Sales Feature Activation - Company Creation
  • Sales Order Feature - Voucher Activation
  • Sales Order 1 (Buyer 1)
  • Sales Order 2 (Buyer 2)
  • Delivery Note 1 (Buyer 1)
  • Delivery Note 2 (Buyer 2)
  • Sales Invoice 1 (Buyer 1)
  • Sales Invoice 2 (Buyer 2)
  • Receipt against sales invoice
  • Sales Order Report
  • Sales Order Voucher No 1
  • Sales Order Voucher No 2
  • Delivery Note Voucher No 1
  • Delivery Note Voucher No 2
  • Pre-Closure of Sales Order
  • Rejection in Voucher
  • Sales Invoice against SO 1
  • Sales Invoice against SO 2
  • Credit Note
  • Receipt Entry
  • Sales Order Report
  • Company Data Setup
  • Tally Voucher Setup
  • Advance Receipt
  • Sales Order
  • Purchase Order
  • Advance Payment
  • Receipt Note Voucher
  • Rejection and Replacement
  • Stock Transfer
  • Delivery Challan
  • Purchase Invoice
  • Sales Invoice
  • Credit Note
  • What is Inventory Valuation?
  • Stock Item Master Setup
  • Sales & Purchase of Material
  • Average Costing Method Introduction
  • Average Costing Method in Tally
  • FIFO Method Introduction
  • FIFO Method in Tally
  • LIFO Method Introduction
  • LIFO Method in Tally
  • Standard Costing Introduction
  • Standard Costing in Tally
  • Last Purchase Cost Introduction
  • Last Purchase Cost in Tally
  • At Zero Cost Introduction
  • At Zero Cost in Tally
  • Stock Item Profit Report
  • Stock Item Behaviour
  • Company Creation with Foreign Currency
  • Godown and Voucher Setup
  • Master Setup with Opening balance
  • Sales Order Voucher
  • Import Purchase Order
  • Advance Payment against PO
  • Other Accounting Transactions
  • Import Purchase
  • Delivery Challan
  • Rejection in Voucher
  • Sales against Delivery
  • Payment and Receipt
  • Forex Gain or Loss Report
  • What is Batchwise?
  • Batchwise Company Data Setup
  • Batchwise Godown Setup
  • Opening Inventory Master Information
  • Opening Inventory Master Creation
  • Purchase Voucher 1 - Batch wise
  • Purchase Voucher 2 - Batch wise
  • Stock Transfer
  • Sales Transaction 1
  • Sales Transaction 2
  • Batchwise Inventory Reports
  • Company Creation with Batch wise Feature
  • Company Data Configurations
  • Ledger Opening Masters
  • Inventory Opening Master Information
  • Inventory Opening Master Creation
  • Batchwise Purchase Transaction 1
  • Batchwise Purchase Transaction 2
  • Batch Wise Sales Transaction 1
  • Stock Transfer - Inter Godown
  • Batch Wise Sales Transaction 2
  • Expired Batches
  • What is manufacturing?
  • What is Bill of Material?
  • Feature Activation and Setup in Tally Prime
  • Inventory Master Creation - Component Materials
  • Inventory Creation with single BOM
  • Inventory Creation with Multiple BOM
  • Component Material - Purchase Order
  • Purchase Invoice against PO 1
  • Purchase Invoice against PO 2
  • Stock Transfer - Default Voucher
  • Stock Transfer - Voucher Class
  • Inventory Reports
  • Sales Order Voucher
  • Manufacturing Process - Default Voucher
  • Manufacturing Journal Voucher
  • Manufacturing Process - with Scrap
  • Manufacturing Process - with Scrap
  • Stock Transfer Voucher Class
  • Stock Consumption - Damaged Product
  • Sales Invoice against Sales Order
  • Inventory Reports - Stock Summary
  • Inventory Reports - Inventory Books
  • Case Study – Data Configuration
  • Manufacturing Process Setup
  • BOM– Semi Finished Goods Example
  • BOM– Semi Finished Goods Setup
  • BOM– Finished Goods
  • Opening Inventory Balance
  • Import Purchase – Component Materials
  • Manufacturing Journal - Process A - I
  • Manufacturing Journal - Process A - II
  • Stock Transfer to “Production Store B”
  • Manufacturing Journal - Process B
  • Stock Transfer to “Warehouse”
  • Manufacturing Journal - Process C
  • Sales Invoice
  • Integrate Accounts with Inventory Intro
  • Integrate Accounts with Inventory Purchase
  • Integrate Accounts with Inventory Reports
  • What is Discount?
  • Discounted Invoice with column
  • Discounted Invoice with ledger
  • Actual and Billed Quantity - Introduction
  • Actual and Billed Quantity - Tally Prime
  • What is Zero Value Transaction?
  • Zero Value Transaction in Tally
  • Printing Modes and Logo Configuration
  • Alternate UOM - Item Creation
  • Alternate UOM - Sales Invoice
  • What is Point of Sales?
  • Modes of Payment under POS
  • POS - Company Data Setup
  • POS - Opening Inventory with MRP
  • POS Voucher Setup
  • POS Voucher Transaction - Cash Payment
  • POS Voucher Transaction - Cheque Payment
  • POS Voucher Transaction - Coupon Voucher
  • POS Voucher Transaction - Card Payment
  • POS Voucher Transaction - Multi Mode Payment
  • POS Voucher Register
  • What is Voucher Class?
  • Payment Voucher Class Setup
  • Payment Transaction with Voucher Class
  • Purchase Voucher Class Setup
  • Purchase Transaction with Voucher Class
  • Sales Voucher Class Setup
  • Sales Transaction with voucher class
  • Company’s Multiple Address - Setup
  • Invoicing with Multiple Address
  • Multiple Address Setup - Party Master
  • Multiple Address - Purchase
  • Multiple Address - Sales
  • Security Feature in Tally
  • Administrator Login Setup (Rights /Use/Change of Password)
  • Security Level in Tally Prime
  • Creation of Security Level -Billing Revenue
  • Creation of Security Level - Procurement
  • Creation of Security Level - Supervisor
  • Password Policy in Tally Prime
  • Users Creation
  • Invoicing with user login - Procurement
  • Invoicing with user login - Billing
  • User Login Access - Supervisor
  • User Login Deactivation
  • Tally Vault Password
  • Benefit of Tally Vault Password
  • Tally Vault Vs Tally Administrative Login
  • Company Creation with Admin and Vault Password
  • Tally User Role Setup
  • Tally Users and Password Setup
  • Master Setup with Admin Credentials
  • Transaction with Manager Login Credentials
  • Sales Invoice with user login
  • Other transaction with user login
  • Change / Removal of Tally Vault Password
  • Backdated voucher disallowances
  • What is Group Company in Tally
  • Key Feature of Group Company in Tally
  • Group Company Advantages
  • Company Information
  • Member Company Creation 1
  • Member Company Creation 2
  • Member Company Creation 3
  • Opening Master Balance - HO
  • Ledger Balance Shifting - Inter Company
  • Member Company Transaction - HO
  • Member Company Transaction -Delhi
  • Member Company Transaction - Jaipur
  • Group Company Creation
  • Group Company Financial Reports
  • Data Management in Tally Prime
  • Data Backup in Tally Prime
  • Data Restore Process in Tally Prime
  • What is Data Splitting?
  • Benefits of Data Splitting
  • Data Splitting Process in Tally Prime
  • Data Verification Post Splitting
  • Data Repair in Tally Prime
  • Data Migration Process in Tally Prime
  • Data Path Configuration
  • Export Import in Tally Prime - Case Study
  • Export Feature in Tally Prime
  • Export Configuration
  • Export of Accounting Masters
  • Export of Inventory Masters
  • Export of Transactions
  • Import Feature in Tally Prime
  • Import Configuration
  • Import Accounting Masters
  • Import Inventory Masters
  • Import Transactions in Tally Prime
  • Import Bank Details
  • Tally Remote Access Feature in Tally Prime
  • Company Data Configuration
  • Remote Login Setup in Company Data
  • Tally Remote Access Setup - Control Centre
  • Tally Remote Access Login
  • Remote User Login - Transaction
  • Remote User Login - Reports
  • Web Browser Feature in Tally Prime
  • Web Browser Setup in Tally Prime
  • Web Browser Report Access
Eligibility Criteria
• Basic knowledge of computers and keen desire to build skills in this field.
• 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!

Ready to start Tally Master Essentials?

Join our upcoming batch at ZICA Kalyani center with certified instructors.

MKCL Certified Program

Admissions Open 2026

Flexible Offline & Hybrid Batches

Course Overview
  • Duration: 90 hours
  • Track: Financial Accounting
  • Skill Level: Foundation
  • Language: English
  • Mode: Learn at ALC or at Home
  • Certificate: Official MKCL
Key Course Highlights:
  • At the end of this course, learners will be able to:
  • Demonstrate proficiency in Tally Prime to perform accounting, inventory, tax, and payroll functions.
  • Manage business transactions using various voucher types including receipt, payment, contra, journal, and inventory vouchers.
  • Create and maintain accounting and inventory masters like ledgers, stock items, godowns, and units of measurement.
  • Generate and interpret financial statements and statutory reports including Trial Balance, Profit & Loss, Balance Sheet, Cash Flow, and Stock Summary.
  • Handle complex features such as GST compliance, multi-currency transactions, manufacturing entries, batch-wise inventory, and POS billing.
  • Perform data management operations including backup, restore, splitting, import/export, and migration.
  • Implement user security protocols including administrative login, user roles, vault password protection, and access restrictions.
  • Work on real-life case studies simulating business scenarios to apply practical knowledge of accounting and inventory.
  • Use Tally for remote and browser-based access to manage business data from anywhere.
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