This extensive course will teach you how to use the Tally ERP/Prime Accounting Package. Using Tally software, become familiar with fundamental financial management, inventory, and accounting concepts. Learn how to handle business transactions, produce reports, and automate financial procedures. The best choice for prospective accountants, financial experts, and business owners. With Tally ERP, increase your accounting abilities.
Module 1: Accounting Foundations & System Setup
Focus: Understanding accounting + getting started in Tally
- Introduction to accounting principles and concepts (Assets, liabilities, equity, Revenue & expenses)
- Double-entry bookkeeping
- Overview of Tally Accounting ERP
- Creating and configuring a company
- Chart of Accounts (Groups & Ledgers)
- Opening balances setup
Outcome: Create a company and set up ledgers for a small business
Module 2: Voucher Entry & Daily Transactions
Focus: Core accounting operations
- Voucher types: Payment, Receipt, Sales, Purchase, Journal entries.
- Cash vs Credit transactions
- Contra entries
- Discounts, returns, and adjustments
Outcome: Record daily transactions for a trading business
Module 3: Advanced Transactions & Error Handling
Focus: Accuracy and control
- Debit & credit mastery
- Complex journal entries
- Rectification of errors
- Reversing entries
- Credit notes & debit notes
- Audit trail basics
Outcome: Fix errors in a pre-prepared dataset
Module 4: Banking & Reconciliation
Focus: Managing cash flow and banks
- Bank account setup
- Bank vouchers
- Cheque printing & management
- Bank reconciliation process
- Handling discrepancies
Outcome: Perform full bank reconciliation
Module 5: Inventory Management System
Focus: Stock control in business
- Stock groups, categories, and items
- Units of measure
- Inventory vouchers
- Stock valuation (FIFO, Average)
- Tracking stock movement
Outcome: Set up inventory for a retail/wholesale business
Module 6: Taxation (Uganda Context)
Focus: Compliance and tax handling
- Overview of tax systems
- VAT setup and transactions
- Withholding Tax (WHT) basics
- Tax reports generation
- Compliance practices for SMEs
Outcome: Record VAT transactions and generate reports
Module 7:Payroll, Costing & Advanced Features
Focus: Real business operations
- Payroll setup
- Employee management
- Salary processing
- PAYE & NSSF basics
- Cost centers & cost categories
- Budgeting basics
Outcome: Process payroll for a small company
Module 8: Financial Reporting & Final Project
Focus: Decision-making & real-world simulation
- Profit & Loss Account
- Balance Sheet
- Trial Balance
- Cash Flow Statement
- Financial analysis basics
- Exporting reports (Excel, PDF)
Capstone Project
- Set up a complete company
- Record full business transactions
- Perform reconciliation
- Generate and interpret reports
- Present findings like a professional accountant
- Learn the fundamentals of Tally, a widely used accounting software in businesses worldwide.
- Understand essential accounting concepts, including journal entries, ledger management, and financial statements.
- Gain proficiency in inventory management, handling stock, tracking orders, and managing supplier information.
- Explore financial management features, such as budgeting, cash flow management, and cost control.
- Master the generation of financial reports, including balance sheets, profit and loss statements, and cash flow statements.
- Develop skills in tax management, GST compliance, and e-filing using Tally.
- Acquire knowledge of payroll processing, employee management, and statutory compliance.
- Practical hands-on exercises and real-world examples to enhance your learning experience.
- Suitable for beginners and professionals seeking to upgrade their accounting skills with Tally.
About this Course
- Duration 4 Weeks
- Certificate on Completion
- Level Beginner
- Price UGX 400,000