The Computerized Accounting course is designed to introduce students to practical accounting and financial record management using Tally software with GST.
Accounting is an essential part of every business organization. Companies need to maintain proper records of their financial transactions, purchases, sales, expenses, receipts and payments. This course helps students understand accounting concepts and apply them using computerized accounting software.
Students will learn how to create a company, configure accounting features, maintain ledgers, record transactions and generate financial reports.
1. Introduction to Accounting
Understanding basic accounting concepts.
Introduction to debit and credit.
Understanding assets, liabilities, capital, income and expenses.
Introduction to accounting groups and ledgers.
2. Company Creation & Configuration
Creating a company in Tally.
Understanding company features and configurations.
Setting financial years and accounting periods.
Managing company information.
3. Ledger Management
Creating and maintaining ledger accounts.
Understanding groups of accounts.
Managing customers and suppliers.
Maintaining cash and bank accounts.
4. Voucher Entry & Transaction Management
Recording payment and receipt transactions.
Entering purchase and sales transactions.
Recording contra and journal vouchers.
Managing debit notes and credit notes.
5. GST Accounting
Understanding GST fundamentals.
Configuring GST features.
Creating GST-related ledgers.
Recording GST purchases and sales.
Understanding GST calculations and reports.
6. Inventory Management
Creating stock groups and stock items.
Managing units of measurement.
Recording stock purchases and sales.
Understanding inventory reports.
7. Financial Reports
Viewing Day Book and Trial Balance.
Preparing Profit & Loss Account.
Understanding Balance Sheet.
Viewing outstanding reports.
Reviewing business financial information.
By the end of this course, students will understand how computerized accounting works and how to maintain business accounts using Tally with GST. The knowledge gained will be useful for accounting assistants, billing operators, junior accountants and individuals interested in bookkeeping and business accounting.