Fundamentals of Accounting with Tally Prime

Kickstart your journey into the world of accounting with our 15-day internship program on Fundamentals of Accounting using Tally Prime. ... Show more

Instructor

Cognovera

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Course details

Duration : 15 Days

Lectures : 15

Level : Beginner

Description

The Fundamentals of Accounting with Tally Prime Internship is a practical, skill-based program designed to equip students and aspiring professionals with essential accounting knowledge and hands-on experience using Tally Prime, one of the most widely used accounting software in India. Over 15 days, participants will gain a strong foundation in accounting principles while mastering Tally Prime functionalities, including ledger creation, voucher entry, inventory management, and GST compliance. This internship is ideal for commerce students, business owners, and beginners seeking real-world accounting skills in a short time.

The program includes guided sessions on financial reporting, bank reconciliation, billing, and data security, as well as a deep dive into generating and printing reports. Participants will also learn how to manage business transactions, configure taxation features, and handle various business scenarios. The final sessions are dedicated to practical exercises, project-based learning, and evaluations to ensure participants can confidently apply their skills in real accounting environments.

Curriculum

Day 1: Introduction to Tally Prime

1

Overview of Tally Prime, Features and Benefits, User Interface and Navigation, Basic Configuration Settings

2h 00m

Overview of Tally Prime, Features and Benefits, User Interface and Navigation, Basic Configuration Settings

Day 2: Company Creation and Management

2
Creating a New Company, Altering and Shutting Companies, Securing Company Data with Passwords

Stream lesson
Creating a New Company

Altering and Shutting Companies

ecuring Company Data with Passwords

Day 3: Masters – Creating Ledgers and Groups

3

Understanding Accounting Groups, Creating and Managing Ledgers, Editing and Deleting Ledger Entries

Stream lesson

·         Understanding Accounting Groups

·         Creating and Managing Ledgers

·         Editing and Deleting Ledger Entries

Day 4: Inventory Masters – Stock Groups and Items

4

Creating Stock Groups and Stock Items, Units of Measurement ,Categorizing Inventory

Stream lesson

·         Creating Stock Groups and Stock Items

·         Units of Measurement

·         Categorizing Inventory

Day 5: Voucher Types and Configurations

5

Introduction to Voucher Types ,Enabling/Disabling Vouchers, Voucher Classifications

Stream lesson

·         Introduction to Voucher Types

·         Enabling/Disabling Vouchers

·         Voucher Classifications

Day 6: Recording Accounting Vouchers

6

Recording Contra, Payment, and Receipt Vouchers, Journal, Sales, and Purchase Entries, Practical Scenarios

Stream lesson

·         Recording Contra, Payment, and Receipt Vouchers,

·         Journal, Sales, and Purchase Entries,

·         Practical Scenarios

Day 7: Inventory Vouchers and Invoicing

7
Stock Journal, Delivery Note, Receipt Note, Sales and Purchase Invoice Formats, Inventory Adjustments

Stream lesson
Stock Journal, Delivery Note, Receipt Note,

Sales and Purchase Invoice Formats,

Inventory Adjustments

Day 8: Bill-wise Details and Outstanding Reports

8
Activating Bill-wise Details, Tracking Receivables and Payables, Outstanding Reports Analysis

Stream lesson
Activating Bill-wise Details,

Tracking Receivables and Payables,

Outstanding Reports Analysis

Day 9: Banking Features in Tally Prime

9

Cheque Printing Configuration, Bank Reconciliation Process, Generating Deposit Slips

Stream lesson

Day 10: GST Setup and Entries (Basics)

10
Enabling GST in Tally, Configuring GST Rates, GST-Compliant Transactions

Stream lesson
Enabling GST in Tally,

Configuring GST Rates,

GST-Compliant Transactions

Day 11: Viewing and Printing Reports

11
Viewing Trial Balance and Day Book, Ledger Reports, Basic Inventory Reports

2h 00m
Viewing Trial Balance and Day Book,

Ledger Reports,

Basic Inventory Reports

Day 12: Financial Statements Overview

12
Understanding Profit & Loss Account, Balance Sheet Overview ,Ratio Analysis Basics

Stream lesson
Understanding Profit & Loss Account

Balance Sheet Overview

Ratio Analysis Basics

Day 13: Backup, Restore, and Security Control

13

Data Backup and Restore Procedures, Setting User Roles and Permissions, Password Protection

Stream lesson

Data Backup and Restore Procedures,

Setting User Roles and Permissions,

Password Protection

Day 14: Exporting and Printing Reports & Data

14

Exporting to Excel and PDF, Printing Vouchers and Reports, Data Sharing and Documentation

Stream lesson

Day 15: Practice, Q&A, and Basic Evaluation

15

Recap of All Key Concepts, Hands-On Practice with Case Scenarios, Question & Answer Session, Basic Evaluation Test

Stream lesson

FAQ

Who can enroll in the Tally Prime internship?

This internship is ideal for commerce students, accounting beginners, small business owners, and anyone interested in learning computerized accounting with Tally Prime.

Do I need any prior accounting knowledge to join?

No prior experience is required. The internship starts from the basics, making it beginner-friendly and easy to follow for those new to accounting.

Will I get hands-on practice with Tally Prime during the internship?

Yes, the internship includes daily hands-on sessions where you’ll work directly in Tally Prime on tasks like ledger creation, voucher entries, and GST setup.

Is a certificate provided after the internship?

Yes, all participants who complete the internship will receive a Certificate of Completion, which can add value to your resume or academic profile.

Will this internship help me get a job in accounting?

Absolutely. The skills and practical experience you gain with Tally Prime are highly relevant for entry-level accounting roles in small to medium-sized businesses.

Announcement

✅ Skills You Will Gain

Basic Accounting Principles: Understanding debits, credits, and double-entry bookkeeping.
Company Creation & Management: Creating, editing, and securing companies in Tally Prime.
Ledger & Group Management: Creating and managing accounting groups and ledgers.
Inventory Management: Handling stock items, groups, units, and inventory classifications.
Voucher Entry Skills: Recording various types of vouchers like payment, receipt, journal, and sales.
Invoice and Billing: Creating and customizing GST-compliant invoices and bills.
Banking Operations: Cheque printing, bank reconciliation, and handling deposit slips.
GST Configuration and Transactions: Setting up GST and recording GST-based transactions.
Financial Reporting: Generating reports like Trial Balance, Day Book, P&L, and Balance Sheet.
Data Security and Backup: Managing user roles, securing company data, and backing up files.
Exporting and Printing: Exporting data to Excel/PDF and printing reports and vouchers.
Practical Accounting Skills: Applying accounting concepts in real-world business scenarios.