Track
Financial Accounting
Duration
30 hours
Skill Level
Foundation
Language
English
About this Course
Master financial transactions, reconciliations, and banking processes using Tally.
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 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
- 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
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!
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