Handle GST, TDS, and financial reporting with advanced Tally Prime functionalities.

Advanced Financial and Taxation Management using Tally Prime
Course Features:
  • Language: English
  • list-box-outline Track: Financial Accounting
  • Duration: 30 hours
  • layers-outline Level: Advanced
  • Learning Mode: Learn at ALC or Learn at Home
  • Jurisdiction: Maharashtra
  • Certificate of Completion

Eligibility
  • Learner should preferably a std. 10th Pass student (Not Compulsory)
  • It is desirable that Learner should have done MS-CIT Course (Not Compulsory)

Introduction

  • In this course, you will be able to:
  • Classify the components of payroll setup in Tally Prime including payroll master creation and defining salary structures
  • Define the process of payroll transactions including voucher types and statutory payment procedures
  • Identify various payroll reports generated in Tally Prime such as salary increment reports and attendance vouchers
  • Organize the setup of GST features in Tally Prime including company creation, master setup, and ledger creation
  • Reorganize GST transactions in Tally Prime including intrastate and interstate supply transactions for goods and services
  • Summarize the key aspects of GST compliance including reverse charge mechanism (RCM) and input tax credit (ITC) adjustments
  • Compare the procedures for GST and TDS compliance in Tally Prime, including liabilities payment and report generation
  • Report on the multi-branch company setup in Tally Prime covering inward and outward transactions across branches
  • Classify year-end audit transactions in Tally Prime, including provisions for expenses and treatment of bad debts
  • Diagnose inventory management transactions in Tally Prime, such as stock item reporting and Godown management
  • Operate Tally Prime functions for cost estimation and shortcut keys for efficient data entry and navigation
  • Find various tally reports for accounting and inventory purposes, including ledger reports and register summaries
  • Predict the financial performance of a company using ratio analysis techniques implemented in Tally Prime
  • Compare exception reports in Tally Prime to identify discrepancies and anomalies in financial data

What you'll learn ?

  • At the end of this course, learners will be able to:
  • Interpret the setup and processing of payroll in Tally Prime including the creation of payroll masters and transactions
  • Paraphrase the components of GST and differentiate between FCM and RCM taxation mechanisms within Tally Prime
  • Estimate the GST liabilities and input tax credit adjustments using Tally Prime for various intrastate and interstate transactions
  • Illustrate the implementation of statutory payroll requirements such as deductions and salary structures, using Tally Prime
  • Defend the importance of TDS compliance and demonstrate the process of TDS feature activation and liabilities payment in Tally Prime
  • Compare different types of GST returns and reports available in Tally Prime such as GSTR1 and GSTR3B, for accurate tax filing
  • Review the year-end audit transactions and provisions for expenses using Tally Prime to ensure financial accuracy and compliance
  • Rewrite transactions related to prepaid expenses bad debts and balance write-offs in Tally Prime for proper accounting treatment
  • Construct multi-branch company setups in Tally Prime and manage inward and outward transactions across branches efficiently
  • Estimate the cost of inventory using Tally Prime and apply shortcut keys for quick navigation and data entry
  • Recognize the importance of Tally Prime reports for financial analysis, including balance sheets, profit and loss statements, and ratio analysis
  • Combine inventory reports and cost estimation techniques in Tally Prime to optimize inventory management and control
  • Solve accounting challenges in Tally Prime related to voucher clarification, exception reports, and data verification for accuracy
  • Predict future financial trends and requirements based on Tally Prime data analysis and formulate strategies for financial management and growth

Certification

  • KLiC courses are recognised by Yashwantrao Chavan Maharashtra Open University (YCMOU).
  • MKCL provides certificate to the KLiC learner after his/her successful course completion.
  • Yashwantrao Chavan Maharashtra Open University (YCMOU) provides mark sheet to successfully passed KLiC learners (Jurisdiction: Maharashtra).

Academic Approach

The academic approach of the courses focuses on the “work-centric” education i.e. begin with work (and not from a book!), derive knowledge from work and apply that knowledge to make the work more wholesome, useful and delightful. The ultimate objective is to empower the Learner to engage in socially useful and productive work. It aims at leading the learner to his/her rewarding career as an employee or entrepreneur as well as development of the community to which s/he belongs. Learning methodology:

  • 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!

Syllabus

  • What is Payroll?
  • Payroll Salary Structure - Income and Deductions
  • Payroll Setup in Tally Prime
  • Payroll Master Creation - Group
  • Payroll Employee I Master Creation
  • Payroll Employee II Master Creation
  • Payroll Master Creation - Attendance
  • Payroll Master Creation - Production
  • Payroll pay heads creation - Earnings
  • Payroll Master Creation -Deductions
  • Defining Salary Structure
  • Payroll Voucher Types
  • Payroll Cycle in Tally
  • Payroll Attendance Vouchers
  • Payroll Processing Method - Instant or Accrual
  • Payroll Voucher - User Defined
  • Payroll Voucher - Salary
  • Payroll Payment Voucher - Salary
  • Statutory Payroll Payment Voucher
  • Payroll Process - New Employee
  • Payroll Process - Resigned Employee
  • Payroll Attendance Vouchers - May
  • Payroll Salary Voucher - May
  • Payroll Salary Increment
  • Payroll Salary Arrear Voucher
  • Payroll Attendance Voucher - July
  • Payroll Salary Voucher - July
  • Payroll Payment Voucher - July
  • Salary Slip or Pay slip
  • Pay Sheet and Attendance Sheet Report
  • Payment Advice Report
  • Payroll Statement
  • Employee Head Breakup
  • Pay Head Employee Breakup
  • Payroll and Attendance Register
  • Employee Profile
  • Employee Headcount
  • Expat Reports
  • What is GST?
  • Taxes Applicable Prior to GST
  • Component of GST
  • Taxes Subsumed under GST
  • Taxes Not Subsumed under GST
  • Intrastate GST Supply
  • Interstate GST Supply
  • Interstate Vs Intrastate GST Supply
  • Nil Rated Vs Zero Rated Supply
  • Standard GST Rates
  • GST Registration
  • GST Registration Dealer Types
  • Regular Dealer Vs Composite Dealers
  • All about Input Tax Credit
  • Working Mechanism of GST
  • Supplier Vs Seller
  • Buyer Vs Recipient
  • FCM Vs RCM
  • Type of GST Return
  • GST Configuration Page Information
  • Company Creation & GST Feature Activation - Single State
  • Multiple GST Registration Configuration
  • GST Master Creation - Debtors
  • GST Master Creation - Creditor
  • GST Master Creation - Purchase Accounts
  • GST Master Creation - Sales Accounts
  • GST Master Creation - Stock Items - Configuration
  • GST Master Creation - Stock Items - Creation
  • GST Master Creation - Income
  • GST Master Creation - Expenses
  • GST Ledger Creation - Common Ledger
  • GST Ledger Creation - Input & Output Method
  • GST Ledger Creation - GST Rate wise
  • GST Ledger Creation - Rate wise Input & Output Method
  • GST Ledger Classification
  • GST Utilities - GST Rate Setup
  • GST Utilities - Unit of Measurement
  • GST Utilities - Update Party GSTIN
  • Company Level – GST Details Setup
  • GST Company Data Setup
  • GST Intrastate Inward Supply - Goods
  • GST Intrastate Inward Supply - Master Setup
  • GST Intrastate Inward Supply - Transaction
  • GST Intrastate Inward Supply - Service - Setup
  • GST Intrastate Inward Supply - Service - Transaction
  • GST Intrastate Outward Supply - Goods - Setup
  • GST Intrastate Outward Supply - Goods - Transaction
  • GST Intrastate Outward Supply - Service - Setup
  • GST Interstate Outward Supply - Service - Transaction
  • GST Intrastate Inward Supply - Journal Voucher
  • GST Ledgerwise Report
  • GSTR1 Report Overview
  • GSTR3B Report Overview
  • Interstate Inward Supply - Goods - Case Study
  • Interstate Inward Supply - Goods - Party Ledger
  • Interstate Inward Supply - Goods - Stock Items
  • GST Interstate Inward Supply - Goods - Transaction
  • GST Interstate Inward Supply - Service - Setup
  • GST Interstate Inward Supply - Service - Transaction
  • GST Interstate Outward Supply - Goods - Setup
  • GST Interstate Outward Supply - Goods - Transaction
  • GST Interstate Outward Supply - Service - Setup
  • GST Interstate Outward Supply - Service - Transaction
  • Export Invoice with Payment of IGST - Setup
  • Export Invoice with Payment of IGST - Transaction
  • GST Export Invoice - Goods - Without Payment of IGST
  • GST Ledgerwise Report
  • GSTR1 Report Overview
  • GSTR3B Report Overview
  • What is RCM under GST?
  • Intrastate Reverse Charge Mechanism - Setup
  • Intrastate Reverse Charge Mechanism - Transaction
  • Interstate Reverse Charge Mechanism - Setup
  • Interstate Reverse Charge Mechanism - Transaction
  • RCM Liability & ITC Reports
  • RCM Liability & ITC Booking
  • Eligible & In-Eligible Input Tax Credit
  • In-Eligible Input Tax Credit Setup
  • In-Eligible Input Tax Credit Transaction
  • Multiple GST Rate Transaction
  • Input Tax Credit Set-Off Rule
  • Input Tax Credit Adjustment Transaction
  • Input Tax Credit Adjustment Transaction - Continue
  • GST Liability Payment
  • Introduction of TDS Compliance
  • TDS Feature Activation in Tally Prime
  • TDS Master Setup - Nature of Payment
  • TDS Master Setup - Party Master
  • TDS Master Setup - Expense Ledger
  • TDS Master Setup - TDS Ledger
  • TDS Transaction - I (JV)
  • TDS Transaction - II (Purchase)
  • TDS Transaction - III (Advance)
  • Expenses Booking against Advance Payment
  • TDS Liabilities Payment
  • TDS Report
  • Knowledge Checks - 30
  • Description of Case Study
  • Company Creation and Feature Activation (Multi Branch)
  • Inward Transaction - Inventory (GST) - Branch 1
  • Inward Transaction - Inventory (GST) - Branch 2
  • Inward Transaction - Service (GST + TDS) - Branch 1
  • Outward Transaction - (Inventory) - Branch 1
  • Outward Transaction - (Inventory) - Branch 2
  • Outward Transaction - (Service) - Branch 1
  • Outward Transaction - (Service) - Branch 2
  • GST Liability Payment - Branch
  • TDS Liability Payment
  • GST Report
  • TDS Report
  • Year End Transactions Summary
  • Depreciation on Fixed Assets
  • Sales of Fixed Assets
  • What is Provision of Expenses?
  • Provision of Expenses Transaction
  • What are Prepaid Expenses?
  • Prepaid Expenses Transaction
  • Deferred, Billed and Unbilled Revenue
  • Recording of Expenses
  • Bad Debts (Debtor)
  • Balance Write off (Creditor)
  • Cash and Bank Ledger overview
  • Account Ledger Report (Balance Sheet)
  • Account Ledger Report (Profit and Loss)
  • Group Voucher and Group Summary
  • Contra Register
  • Payment Register
  • Receipt Register
  • Sales Register
  • Purchase Register
  • Journal Register
  • Debit and Credit Note Register
  • Voucher Clarification
  • Statistics Report
  • Exception Reports I
  • Exception Reports II
  • Ratio Analysis
  • Stock Item Report
  • Godown Report
  • Stock Group and Category Summary
  • Stock Query Report
  • Sales Order Register
  • Purchase Order Register
  • Movement Analysis
  • Ageing Analysis
  • Cost Estimation
  • Shortcut Keys in Tally Prime I
  • Shortcut Keys in Tally Prime II

Evaluation Pattern

Evaluation Pattern of KLiC Courses consists of 4 Sections as per below table:

Section No. Section Name Total Marks Minimum Passing Marks
1 Learning Progression 25 10
2 Internal Assessment 25 10
3 Final Online Examination 50 20
Total 100 40
4 SUPWs (Socially Useful and Productive Work in form of Assignments) 5 Assignments 2 Assignments to be Completed & Uploaded
YCMOU Mark Sheet

Printed Mark Sheet will be issued by YCMOU on successful completion of Section 1, Section 2 and Section 3 and will be delivered to the learner by MKCL.
YCMOU Mark Sheet will be available only for Maharashtra jurisdiction learners

MKCL's KLiC Certificate

The certificate will be provided to the learner who will satisfy the below criteria:

  1. Learners who have successfully completed above mentioned 3 Sections i.e. Section 1, Section 2 and Section 3
  2. Additionally, learner should have completed Section 4 (i.e. Section 4 will comprise of SUPWs i.e. Socially Useful and Productive Work in form of Assignments)
    • Learner has to complete and upload minimum 2 out of 5 Assignments

Courses Fee Structure from 01 July, 2025 Onwards

KLiC 30 hour course fee applicable from 01 July, 2025 all over Maharashtra

KLiC Course Duration MFO
(Inclusive of GST)
ALC Share
(Service Charges to be collected by ALC)
30 hours Rs. 300/- Rs. 1,500/-
Important Points:
* Above mentioned fee is applicable for all Modes of KLiC Courses offered at Authorised Learning Center (ALC) and at Satellite Center
* Total fee is including of Course fees, Examination fees and Certification fees
* MKCL reserves the right to modify the Fee anytime without any prior notice