Tally Prime Course in Canada

• Introduction to Tally Prime
• Overview of Tally Prime and its features
• Benefits of using Tally Prime for accounting and financial management
• Understanding the Tally Prime user interface

• Setting Up Tally Prime
• Installation and activation of Tally Prime software
• Configuration settings: Company creation, financial year settings, and security controls
• User management: Creating users, assigning roles, and setting permissions

• Basic Accounting Concepts
• Understanding basic accounting principles and concepts
• Introduction to double-entry accounting system
• Terminologies used in Tally Prime: Ledgers, vouchers, transactions, etc.

• Recording Transactions in Tally Prime
• Entering and editing accounting transactions: Sales, purchases, payments, receipts, journal entries, etc.
• Using predefined voucher types and creating custom voucher types
• Allocating expenses and incomes to appropriate ledger accounts

• Managing Accounts Payable and Receivable
• Creating and maintaining supplier and customer ledgers
• Recording supplier invoices, credit notes, and payments
• Recording customer invoices, debit notes, and receipts

• Inventory Management
• Managing stock items and inventory groups
• Recording stock transactions: Stock inwards, stock outwards, and stock transfers
• Generating inventory reports: Stock summary, stock ageing analysis, etc.

• Banking Transactions and Reconciliation
• Recording banking transactions: Cash deposits, withdrawals, bank transfers, etc.
• Bank reconciliation process: Matching bank statements with Tally transactions
• Handling bounced cheques and bank charges

• Financial Reporting and Analysis
• Generating financial reports: Trial balance, profit and loss statement, balance sheet, cash flow statement, etc.
• Customizing and formatting financial reports in Tally Prime
• Analyzing financial data using Tally Prime reports and tools

• Taxation and GST Compliance
• Configuring GST settings in Tally Prime
• Generating GST invoices, e-way bills, and GST returns
• Complying with GST regulations and requirements

• Payroll Processing (Optional)
• Setting up employee profiles and payroll details
• Processing payroll transactions: Salary payments, deductions, reimbursements, etc.
• Generating payroll reports: Pay slips, salary registers, PF reports, etc.

• Data Backup and Security
• Backup and restore procedures in Tally Prime
• Implementing data security measures: Data encryption, user access controls, etc.
• Ensuring data integrity and confidentiality in Tally Prime

• Advanced Features and Customizations
• Exploring advanced features of Tally Prime: Multi-currency support, multi-location support, etc.
• Customizing Tally Prime: Creating custom reports, forms, and templates
• Integrating Tally Prime with other business applications and services

• Tally Prime Administration
• Administering Tally Prime server and client installations
• Managing Tally Prime licenses and subscriptions
• Troubleshooting common issues and errors in Tally Prime

• Best Practices and Tips
• Best practices for efficient data entry and management in Tally Prime
• Productivity tips and shortcuts for using Tally Prime
• Compliance with accounting standards and regulations while using Tally Prime

• Case Studies and Practical Exercises
• Real-world examples and case studies demonstrating Tally Prime usage in different industries and scenarios
• Hands-on exercises and simulations to reinforce concepts and techniques learned in the course
• Group projects to apply Tally Prime knowledge to solve accounting and financial management challenges

• Introduction to GST
• Understanding GST: Overview of Goods and Services Tax (GST) and its implications.
• GST Structure: Components of GST - CGST, SGST, IGST, and UGST.
• GST Registration: Process and requirements for GST registration.

• Tally Prime Overview
• Introduction to Tally Prime: Interface, features, and setup.
• Creating a Company: Setting up company details specific to GST.

• Configuring GST in Tally Prime
• Enabling GST: Steps to activate GST in Tally Prime.
• GST Details Setup: Configuring GST details for the company, including GSTIN, HSN/SAC codes, and tax rates.
• Creating GST Ledgers: Setting up GST ledgers for CGST, SGST, IGST, and cess.

• GST Masters in Tally Prime
• Inventory Masters: Creating stock groups, stock categories, and stock items with GST details.
• Accounting Masters: Configuring ledgers and groups for GST transactions.
• Tax Ledgers: Creating ledgers for different tax rates and tax types.

• Recording GST Transactions
• Sales Transactions: Creating GST-compliant sales invoices.
• Purchase Transactions: Recording purchases with applicable GST.
• Journal Vouchers: Recording adjustments and corrections related to GST.
• Credit and Debit Notes: Issuing credit and debit notes for GST adjustments.

• Advanced GST Features
• Reverse Charge Mechanism: Configuring and recording reverse charge transactions.
• Composition Scheme: Managing transactions under the GST composition scheme.
• E-Way Bills: Generating and managing E-Way bills in Tally Prime.

• GST Returns and Reports
• GSTR-1: Preparing and filing GSTR-1 for outward supplies.
• GSTR-2A: Reconciling GSTR-2A with purchase data.
• GSTR-3B: Filing GSTR-3B for monthly returns.
• GST Annual Return: Preparing and filing annual GST returns.
• GST Reports: Generating various GST reports for compliance and analysis.

• GST Payment and Reconciliation
• GST Payments: Recording GST payments to the government.
• ITC (Input Tax Credit): Claiming and reconciling input tax credit.
• GST Reconciliation: Reconciling GSTR-2A with books and filing returns.

• Error Rectification and Compliance
• Error Identification: Identifying common GST errors in Tally Prime.
• Rectification Process: Correcting errors and discrepancies in GST returns.
• GST Audit: Preparing for and conducting a GST audit in Tally Prime.

• Practical Sessions and Case Studies
• Hands-on Practice: Real-world exercises and examples to reinforce GST concepts.
• Case Studies: Analyzing and solving GST-related business scenarios using Tally Prime.
• Project Work: Completing a comprehensive project to demonstrate mastery of GST in Tally Prime.

A Tally Prime & GST internship provides hands-on experience to students or professionals looking to deepen their practical understanding of accounting software and GST compliance within the Indian context. Interns typically engage in tasks such as setting up company accounts, managing transactions, generating GST-compliant invoices, and reconciling financial data using Tally Prime. They may also assist in GST return filing processes, ensuring accuracy and compliance with tax regulations.

Throughout the internship, participants gain practical exposure to real-world accounting scenarios, honing their skills in using Tally Prime's features effectively for financial management and reporting. They may collaborate with senior accountants or GST consultants to resolve issues, customize reports, and streamline processes to enhance organizational efficiency.

The internship often serves as a valuable opportunity for interns to apply theoretical knowledge from classroom settings to practical situations, preparing them for careers in accounting, taxation, or financial management roles where proficiency in Tally Prime and GST compliance is highly valued.