Manage day-to-day accounting, invoicing, and inventory using Tally software.

Tally Master Essentials
Course Features:
  • Language: English
  • list-box-outline Track: Financial Accounting
  • Duration: 90 hours
  • layers-outline Level: Foundation
  • 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 learn to:
  • Understand Core Accounting Principles: Build a solid foundation in accounting concepts, methods, and financial reporting practices.
  • Master Tally Prime: Gain hands-on expertise in using Tally Prime for financial and inventory management.
  • Develop Practical Bookkeeping Skills: Learn to record and manage day-to-day transactions including sales, purchases, payments, receipts, and journal entries.
  • Handle Advanced Business Scenarios: Work with features like GST, multi-currency, manufacturing processes, POS, and remote access.
  • Generate Financial Reports: Learn to prepare and analyze profit & loss statements, balance sheets, and other financial reports.
  • Secure and Manage Data Efficiently: Understand Tally’s security features, user access controls, backup & restore, and data import/export.
  • Enhance Employability: Equip learners with skills to work independently as accountants or support roles in finance departments or as Tally professionals.

What you'll learn ?

  • At the end of this course, learners will be able to:
  • Demonstrate proficiency in Tally Prime to perform accounting, inventory, tax, and payroll functions.
  • Manage business transactions using various voucher types including receipt, payment, contra, journal, and inventory vouchers.
  • Create and maintain accounting and inventory masters like ledgers, stock items, godowns, and units of measurement.
  • Generate and interpret financial statements and statutory reports including Trial Balance, Profit & Loss, Balance Sheet, Cash Flow, and Stock Summary.
  • Handle complex features such as GST compliance, multi-currency transactions, manufacturing entries, batch-wise inventory, and POS billing.
  • Perform data management operations including backup, restore, splitting, import/export, and migration.
  • Implement user security protocols including administrative login, user roles, vault password protection, and access restrictions.
  • Work on real-life case studies simulating business scenarios to apply practical knowledge of accounting and inventory.
  • Use Tally for remote and browser-based access to manage business data from anywhere.

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

  • Definition & Utility of Accounting
  • Introduction to Accounting
  • Method of Accounting
  • Financial Accounting Concept
  • Basic Books of Accounts
  • Recording Financial Transactions
  • Manual Accounting System
  • Financial Reports under Accounting
  • Introduction of Tally Prime
  • History of Tally
  • Importance of Tally in accounting
  • Tally ERP 9 Vs Tally Prime
  • Tally Prime Setup - Download
  • Tally Prime Setup - Installation
  • Tally License Information
  • Tally Prime Interface - Select Company
  • Tally Prime Interface - Manage Options - Other Buttons
  • Tally Prime Interface - Manage Options - F1 Help Button
  • Company Creation in Tally Prime - I
  • Company Creation in Tally Prime - II
  • Company Feature in Tally Prime - Accounting Feature
  • Company Feature in Tally Prime - Inventory Feature
  • Company Feature in Tally Prime - Taxation & Other Feature
  • Gateway of Tally Introduction - Menu Options - I
  • Gateway of Tally Introduction - Menu Options - II
  • Gateway of Tally Introduction - Main Screen - I
  • Gateway of Tally Introduction - Main Screen - II
  • Accounting Group Introduction
  • Accounting Group & Sub Group Creation I
  • Accounting Group & Sub Group Creation II
  • Accounting Group & Sub Group Alteration/Deletion
  • Accounting Ledger Introduction
  • Accounting Ledger Creation - I
  • Accounting Ledger Creation - II
  • Accounting Ledger Creation - III
  • Accounting Ledger Alteration/Deletion
  • Stock Group Introduction
  • Stock Group Creation
  • Stock Group Alteration / Deletion
  • Stock Category Introduction
  • Stock Category Creation
  • Stock Category Alteration / Deletion
  • Unit of Measurement Introduction
  • Unit of Measurement Creation - Simple & Compound
  • Unit of Measurement Alteration/Deletion
  • Godown Introduction
  • Godown Vs Location
  • Godown and Location Creation
  • Godown Location, Alteration/Deletion
  • Stock Item Introduction
  • Stock Item Creation
  • Stock Item Alteration/Deletion
  • Voucher Types in Tally Introduction
  • Voucher Types Creation/Alteration in Tally Prime
  • Chart of Accounts in Tally Prime
  • Chart of Accounts - Accounting Groups
  • Chart of Accounts - Accounting Ledgers
  • Chart of Accounts - Voucher Types
  • Chart of Accounts - Inventory Masters
  • Multi Accounting Master - Introduction
  • Multi Accounting Master - Creation
  • Multi Accounting Master Alteration
  • Multi Inventory Master - Introduction
  • Multi Inventory Master - Creation
  • Multi Inventory Master Alteration
  • Preview of Trial Balance with Master Opening
  • Preview of Profit & Loss Statement
  • Preview of Balance Sheet with Master Opening
  • Treatment of Opening Balance Difference
  • Basic Accounting Vouchers used for business Transaction
  • Receipt Transaction in Tally Prime - Configuration
  • Receipt Transaction in Tally Prime - Booking
  • Receipt Transaction in Tally Prime - Cash Receipt
  • Receipt Transaction in Tally Prime - Bank Receipt
  • Payment Transaction in Tally Prime - Configuration
  • Payment Transaction in Tally Prime - Booking
  • Payment Transaction - Petty Cash Expenses
  • Payment Transaction - Online Payment
  • Payment Voucher
  • Receipt Voucher
  • Contra Voucher Configuration
  • Contra Voucher - Cash Deposit
  • Contra Voucher - Interbank Transfer
  • Receipt Voucher as Contra Voucher
  • Payment Voucher as Contra Voucher
  • Journal Voucher - Depreciation
  • Journal Voucher - Other transaction
  • Cash Bank Books and Trial Balance Reports
  • Cash Purchase Transaction - Configuration
  • Cash Purchase Transaction - Account Invoice
  • Cash Purchase Transaction - Voucher Format
  • Credit Purchase Transaction - Account Invoice
  • Credit Purchase Transaction - Voucher Format
  • Cash Sales Transaction - Configuration
  • Cash Sales Transaction - Account Invoice
  • Credit Sales Transaction - Account Invoice
  • Credit Sales Transaction - Voucher Format
  • Inventory Cash Purchase - Configuration
  • Inventory Cash Purchase - Transaction
  • Inventory Credit Purchase
  • Inventory Credit Purchase with Delivery Charges
  • Inventory Cash Sales - Bank Account
  • Inventory Cash Sales - Cash Ledger
  • Inventory Credit Sales
  • Inventory Credit Sales with Delivery Charges
  • Debit Note Voucher
  • Credit Note Voucher
  • Stock Journal - Material Transfer
  • Stock Journal - Material Consumption
  • Physical Stock
  • Memorandum Voucher
  • Optional Voucher Configuration
  • Optional Voucher Performa Invoice
  • Financial Statements
  • Accessing Trial Balance Report
  • Working with Trial Balance in Tally
  • Accessing Profit & Loss Account Report
  • Working with Profit and Loss Report in Tally
  • Accessing Balance Sheet Report
  • Working with Balance Sheet Report in Tally
  • Accessing Stock Summary Report
  • Working with Stock Summary Report
  • Cash & Funds Flow Statements
  • Day book & Trial Balance Report
  • Cancellation, Alteration and Deletion of Vouchers
  • Addition & Insertion of Transaction in Tally Prime
  • Printing & Exporting Vouchers
  • Columnar Sales Register
  • Columnar Purchase Register
  • Cash & Bank Books in Tally Prime
  • Edit Log in Tally Prime
  • What is Billwise feature in Tally Prime?
  • Types of Bills Reference in Tally Prime?
  • Credit Purchase Transaction -I
  • Credit Purchase Transaction -II
  • Credit Sales Transaction - I
  • Credit Sales Transaction -II
  • Receipt Transaction (Against Reference)
  • Payment Transaction (Against Reference)
  • Receipt Transaction (Advance Reference)
  • Payment Transaction (Advance Reference)
  • Receipt and Payment on Account Reference
  • Bill wise Transaction for Non-Trading Account
  • Accounting Ledger Report - Creditors & Debtors
  • Outstanding Receivables Report
  • Outstanding Payables Report
  • Ledgerwise Outstanding Report
  • Groupwise Outstanding Report
  • On Account Reference & Bill Settlements
  • What is Banking Feature in Tally?
  • Mode of Banking Transactions in tally prime
  • Bank Ledger Setup - Current Account
  • Bank Ledger Setup - OD Account
  • Receipt Transaction Single Party
  • Receipt Transaction Multi Party
  • Payment Transaction Single Party
  • Payment Transaction Multi Party
  • Inter Company Fund Transfer - Contra Transaction
  • Cash Purchase (via Bank Account)
  • Cash Sales (via Bank Account)
  • Income Receipt Transaction
  • Expense Payment Transaction
  • Cheque Printing Configuration
  • Cheque Printing from Voucher
  • Cheque Printing Reports
  • Payment Advice - Single Transaction
  • Payment Advice - Multiple Transaction
  • Cheque Register Report
  • Cheque Register Alter Status
  • Cash Deposit Slip
  • Cheque Deposit Slip
  • Post Dated Transaction
  • Post Dated Summary
  • Bank Reconciliation Preview
  • Bank Reconciliation Process
  • What is Multi Currency Feature in Tally Prime?
  • Multi-Currency Concept - ROE, FEF Realised & Unrealised
  • Company Creation with Base Currency
  • Multi - Currency Creation/Alteration
  • Export Invoice Inventory
  • Export Invoice Service
  • Import Invoice - Inventory
  • Import Invoice Service
  • Unadjusted Gain or Loss (FEF) Report
  • Payment against Import Invoice
  • Forex Exchange Gain or Loss Ledger & Voucher Configuration
  • Forex Gain or Loss on Import - Full Payment
  • Forex Gain or Loss on Import - Part Payment
  • Receipt against Export Invoice
  • Forex Gain or Loss on Export - Part Payment
  • Forex Gain or Loss on Export - Full Payment
  • Forex Gain or Loss on Advance Payment
  • Forex Gain or loss on unrealised invoice (Year End)
  • Bank Charges on Receipt
  • Subsequent Year Export Invoice
  • Subsequent Year Receipt
  • Subsequent Year Transaction - Import Purchase
  • Subsequent Year Transaction - Closing ROE
  • Subsequent Year Transaction - Payment Voucher
  • Forex Gain or Loss Reports
  • Do's & Don’ts’s while working with Multi Currency
  • What is Purchase Order?
  • Purchase Order Cycle in Tally Prime?
  • Purchase Order Feature - Company Creation
  • Purchase Order Feature - Voucher Setup
  • Purchase Order Voucher Configuration
  • Purchase Order Voucher No 1
  • Purchase Order Voucher No 2
  • Receipt Note Voucher No 1
  • Receipt Note Voucher No 2
  • Purchase Invoice No 1
  • Purchase Invoice No 2
  • Payment against Purchase
  • Purchase Order Report
  • Advance Purchase Order
  • Purchase Order Voucher No 1
  • Purchase Order Voucher No 2
  • Receipt Note Voucher No 1
  • Receipt Note Voucher No 2
  • Pre-closure of Purchase Order
  • Rejection out Voucher
  • Purchase Invoice against PO No 1
  • Purchase Invoice against PO No 2
  • Debit Note against Purchase Invoice
  • Payment Entry against Purchase Invoice
  • Purchase Order Report
  • What is Sales Order?
  • Sales Order Cycle in Tally Prime
  • Sales Feature Activation - Company Creation
  • Sales Order Feature - Voucher Activation
  • Sales Order 1 (Buyer 1)
  • Sales Order 2 (Buyer 2)
  • Delivery Note 1 (Buyer 1)
  • Delivery Note 2 (Buyer 2)
  • Sales Invoice 1 (Buyer 1)
  • Sales Invoice 2 (Buyer 2)
  • Receipt against sales invoice
  • Sales Order Report
  • Sales Order Voucher No 1
  • Sales Order Voucher No 2
  • Delivery Note Voucher No 1
  • Delivery Note Voucher No 2
  • Pre-Closure of Sales Order
  • Rejection in Voucher
  • Sales Invoice against SO 1
  • Sales Invoice against SO 2
  • Credit Note
  • Receipt Entry
  • Sales Order Report
  • Company Data Setup
  • Tally Voucher Setup
  • Advance Receipt
  • Sales Order
  • Purchase Order
  • Advance Payment
  • Receipt Note Voucher
  • Rejection and Replacement
  • Stock Transfer
  • Delivery Challan
  • Purchase Invoice
  • Sales Invoice
  • Credit Note
  • What is Inventory Valuation?
  • Stock Item Master Setup
  • Sales & Purchase of Material
  • Average Costing Method Introduction
  • Average Costing Method in Tally
  • FIFO Method Introduction
  • FIFO Method in Tally
  • LIFO Method Introduction
  • LIFO Method in Tally
  • Standard Costing Introduction
  • Standard Costing in Tally
  • Last Purchase Cost Introduction
  • Last Purchase Cost in Tally
  • At Zero Cost Introduction
  • At Zero Cost in Tally
  • Stock Item Profit Report
  • Stock Item Behaviour
  • Company Creation with Foreign Currency
  • Godown and Voucher Setup
  • Master Setup with Opening balance
  • Sales Order Voucher
  • Import Purchase Order
  • Advance Payment against PO
  • Other Accounting Transactions
  • Import Purchase
  • Delivery Challan
  • Rejection in Voucher
  • Sales against Delivery
  • Payment and Receipt
  • Forex Gain or Loss Report
  • What is Batchwise?
  • Batchwise Company Data Setup
  • Batchwise Godown Setup
  • Opening Inventory Master Information
  • Opening Inventory Master Creation
  • Purchase Voucher 1 - Batch wise
  • Purchase Voucher 2 - Batch wise
  • Stock Transfer
  • Sales Transaction 1
  • Sales Transaction 2
  • Batchwise Inventory Reports
  • Company Creation with Batch wise Feature
  • Company Data Configurations
  • Ledger Opening Masters
  • Inventory Opening Master Information
  • Inventory Opening Master Creation
  • Batchwise Purchase Transaction 1
  • Batchwise Purchase Transaction 2
  • Batch Wise Sales Transaction 1
  • Stock Transfer - Inter Godown
  • Batch Wise Sales Transaction 2
  • Expired Batches
  • What is manufacturing?
  • What is Bill of Material?
  • Feature Activation and Setup in Tally Prime
  • Inventory Master Creation - Component Materials
  • Inventory Creation with single BOM
  • Inventory Creation with Multiple BOM
  • Component Material - Purchase Order
  • Purchase Invoice against PO 1
  • Purchase Invoice against PO 2
  • Stock Transfer - Default Voucher
  • Stock Transfer - Voucher Class
  • Inventory Reports
  • Sales Order Voucher
  • Manufacturing Process - Default Voucher
  • Manufacturing Journal Voucher
  • Manufacturing Process - with Scrap
  • Manufacturing Process - with Scrap
  • Stock Transfer Voucher Class
  • Stock Consumption - Damaged Product
  • Sales Invoice against Sales Order
  • Inventory Reports - Stock Summary
  • Inventory Reports - Inventory Books
  • Case Study – Data Configuration
  • Manufacturing Process Setup
  • BOM– Semi Finished Goods Example
  • BOM– Semi Finished Goods Setup
  • BOM– Finished Goods
  • Opening Inventory Balance
  • Import Purchase – Component Materials
  • Manufacturing Journal - Process A - I
  • Manufacturing Journal - Process A - II
  • Stock Transfer to “Production Store B”
  • Manufacturing Journal - Process B
  • Stock Transfer to “Warehouse”
  • Manufacturing Journal - Process C
  • Sales Invoice
  • Integrate Accounts with Inventory Intro
  • Integrate Accounts with Inventory Purchase
  • Integrate Accounts with Inventory Reports
  • What is Discount?
  • Discounted Invoice with column
  • Discounted Invoice with ledger
  • Actual and Billed Quantity - Introduction
  • Actual and Billed Quantity - Tally Prime
  • What is Zero Value Transaction?
  • Zero Value Transaction in Tally
  • Printing Modes and Logo Configuration
  • Alternate UOM - Item Creation
  • Alternate UOM - Sales Invoice
  • What is Point of Sales?
  • Modes of Payment under POS
  • POS - Company Data Setup
  • POS - Opening Inventory with MRP
  • POS Voucher Setup
  • POS Voucher Transaction - Cash Payment
  • POS Voucher Transaction - Cheque Payment
  • POS Voucher Transaction - Coupon Voucher
  • POS Voucher Transaction - Card Payment
  • POS Voucher Transaction - Multi Mode Payment
  • POS Voucher Register
  • What is Voucher Class?
  • Payment Voucher Class Setup
  • Payment Transaction with Voucher Class
  • Purchase Voucher Class Setup
  • Purchase Transaction with Voucher Class
  • Sales Voucher Class Setup
  • Sales Transaction with voucher class
  • Company's Multiple Address - Setup
  • Invoicing with Multiple Address
  • Multiple Address Setup - Party Master
  • Multiple Address - Purchase
  • Multiple Address - Sales
  • Security Feature in Tally
  • Administrator Login Setup (Rights /Use/Change of Password)
  • Security Level in Tally Prime
  • Creation of Security Level -Billing Revenue
  • Creation of Security Level - Procurement
  • Creation of Security Level - Supervisor
  • Password Policy in Tally Prime
  • Users Creation
  • Invoicing with user login - Procurement
  • Invoicing with user login - Billing
  • User Login Access - Supervisor
  • User Login Deactivation
  • Tally Vault Password
  • Benefit of Tally Vault Password
  • Tally Vault Vs Tally Administrative Login
  • Company Creation with Admin and Vault Password
  • Tally User Role Setup
  • Tally Users and Password Setup
  • Master Setup with Admin Credentials
  • Transaction with Manager Login Credentials
  • Sales Invoice with user login
  • Other transaction with user login
  • Change / Removal of Tally Vault Password
  • Backdated voucher disallowances
  • What is Group Company in Tally
  • Key Feature of Group Company in Tally
  • Group Company Advantages
  • Company Information
  • Member Company Creation 1
  • Member Company Creation 2
  • Member Company Creation 3
  • Opening Master Balance - HO
  • Ledger Balance Shifting - Inter Company
  • Member Company Transaction - HO
  • Member Company Transaction -Delhi
  • Member Company Transaction - Jaipur
  • Group Company Creation
  • Group Company Financial Reports
  • Data Management in Tally Prime
  • Data Backup in Tally Prime
  • Data Restore Process in Tally Prime
  • What is Data Splitting?
  • Benefits of Data Splitting
  • Data Splitting Process in Tally Prime
  • Data Verification Post Splitting
  • Data Repair in Tally Prime
  • Data Migration Process in Tally Prime
  • Data Path Configuration
  • Export Import in Tally Prime - Case Study
  • Export Feature in Tally Prime
  • Export Configuration
  • Export of Accounting Masters
  • Export of Inventory Masters
  • Export of Transactions
  • Import Feature in Tally Prime
  • Import Configuration
  • Import Accounting Masters
  • Import Inventory Masters
  • Import Transactions in Tally Prime
  • Import Bank Details
  • Tally Remote Access Feature in Tally Prime
  • Company Data Configuration
  • Remote Login Setup in Company Data
  • Tally Remote Access Setup - Control Centre
  • Tally Remote Access Login
  • Remote User Login - Transaction
  • Remote User Login - Reports
  • Web Browser Feature in Tally Prime
  • Web Browser Setup in Tally Prime
  • Web Browser Report Access

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 90 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)
90 hours Rs. 750/- Rs. 4,000/-
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