Setting up company information, financial years, and other configurations
F11 Features and F12 Configuration in Tally
Working with Gateway of Tally
3. Inventory Management:
Inventory concepts (stock groups, stock categories, units of measure, etc.)
Inventory vouchers
Purchase and sales order processing
Inventory reports
4. GST (Goods and Services Tax):
Introduction to GST
GST registration, compliance, and payment
GST in Tally (e.g., GSTIN, HSN/SAC codes)
GST returns (GSTR-1, GSTR-3B, etc.)
Place of supply rules and IGST Act
5. Advanced Topics:
Cost centers and cost categories
Multiple currencies
Interest calculations
Budget and controls
Scenario management
TDS (Tax Deducted at Source)
Payroll management
Data security and backup
Data import and export
Printing reports and cheques
6. Taxation:
Principles of taxation, TDS and its calculation, TCS (Tax Collected at Source), VAT (Value Added Tax) and Excise Duty (if applicable), and Payroll statutory reports.