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Course Content

Introduction to Tally

Getting familiar to Gateway of Tally

Introduction to Accounting Ledgers & Capital Transaction in Tally

Accounting Transactions in Tally

Accounting Reports in Tally

Assignment : Accounting transaction

Business Transaction for Purchase in Tally

Business Transaction for sale in Tally

Other Business Transactions in Tally

Reports Generation for Business transaction in Tally

Assignment : Business transaction and basic reports

Introduction to Inventory

Unit Of Measure & Closing Stock new

Assignment : Introduction of inventory

GST Introduction

GST Advantages & GST Number

HSN code & GST Rate

TAX Calculation in Tally

ITC Adjustment & ITC Setoff

Understanding GST Return filling with Example

GST setup & Inventory setup in Tally

GST Transaction Report

GST Sales Transaction

GST Reports & ITC

Assignment : GST Transaction Report

E way bill Configuration And Transaction in Tally

Career Guideline

Assignment : Eway Bill

Banking Transactions in Tally

Banking Reconciliation & Cheque Printing in Tally

Other Transactions in Tally

Assignment : Banking

Introduction to Budget in Tally

Operating Expense Transactions in Tally

Fix Assets Transactions In Tally

Assignment : Operating Expense

Assignment : Budget

Cost Centre Transaction in Tally

Predefine cost centers in Tally

Assignment : Cost Centers

Voucher Type & Voucher Class in Tally

Simple Interest Calculation in Tally

Bank Overdraft Interest Calculation in Tally

Compound Interest Calculation in Tally

Assignment : Simple Interest

Assignment : Voucher Type

Introduction to Procurement Process

Procurement Transactions in Tally

Preclose Order in Tally

Assignment : Procurement Process

Sales Process & Transactions in Tally

Generating Sales Process Reports in Tally

Assignment : Sales Process

POS in Tally

Assignment : POS

Introduction to Godown Transactions in Tally

Billed Quantity Discount in Tally

Assignmnet : Godown & Actual Bill

Stock category in Tally

Price List in Tally

Career Guideline

Assignment : Price List

Assignment : Stock Category

Multi Currency in Tally

Career Guideline

Assignment : Multy Currency

Introduction to Manufacturing Process in Tally

Manufacturing Process Transactions in Tally

Understanding Manufacturing Process with by Product in Tally

Assignment : MFG Process

Item cost tracking in Tally

Batch Details in Tally

Assignment : Batch Detail

Assignment : Item Cost Tracking

Financial MIS Reports in Tally

Inventory MIS Report in Tally

Mix Supply in Tally

Assignment : Mix Supply

GST Detail Report in Tally

Introduction of Payroll

Payroll Transactions in Tally

Payroll Reports in Tally

Payroll Statutory Reports in Tally

Assignment : Payroll

Additional functionalities in Tally

Introduction to Tally Prime

Course Summary

Career Guideline

Tally course with Accounting and GST

Introduction of inventory Introduction to Inventory

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Discussion

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Course Content

Introduction to Tally

Getting familiar to Gateway of Tally

Introduction to Accounting Ledgers & Capital Transaction in Tally

Accounting Transactions in Tally

Accounting Reports in Tally

Assignment : Accounting transaction

Business Transaction for Purchase in Tally

Business Transaction for sale in Tally

Other Business Transactions in Tally

Reports Generation for Business transaction in Tally

Assignment : Business transaction and basic reports

Introduction to Inventory

Unit Of Measure & Closing Stock new

Assignment : Introduction of inventory

GST Introduction

GST Advantages & GST Number

HSN code & GST Rate

TAX Calculation in Tally

ITC Adjustment & ITC Setoff

Understanding GST Return filling with Example

GST setup & Inventory setup in Tally

GST Transaction Report

GST Sales Transaction

GST Reports & ITC

Assignment : GST Transaction Report

E way bill Configuration And Transaction in Tally

Career Guideline

Assignment : Eway Bill

Banking Transactions in Tally

Banking Reconciliation & Cheque Printing in Tally

Other Transactions in Tally

Assignment : Banking

Introduction to Budget in Tally

Operating Expense Transactions in Tally

Fix Assets Transactions In Tally

Assignment : Operating Expense

Assignment : Budget

Cost Centre Transaction in Tally

Predefine cost centers in Tally

Assignment : Cost Centers

Voucher Type & Voucher Class in Tally

Simple Interest Calculation in Tally

Bank Overdraft Interest Calculation in Tally

Compound Interest Calculation in Tally

Assignment : Simple Interest

Assignment : Voucher Type

Introduction to Procurement Process

Procurement Transactions in Tally

Preclose Order in Tally

Assignment : Procurement Process

Sales Process & Transactions in Tally

Generating Sales Process Reports in Tally

Assignment : Sales Process

POS in Tally

Assignment : POS

Introduction to Godown Transactions in Tally

Billed Quantity Discount in Tally

Assignmnet : Godown & Actual Bill

Stock category in Tally

Price List in Tally

Career Guideline

Assignment : Price List

Assignment : Stock Category

Multi Currency in Tally

Career Guideline

Assignment : Multy Currency

Introduction to Manufacturing Process in Tally

Manufacturing Process Transactions in Tally

Understanding Manufacturing Process with by Product in Tally

Assignment : MFG Process

Item cost tracking in Tally

Batch Details in Tally

Assignment : Batch Detail

Assignment : Item Cost Tracking

Financial MIS Reports in Tally

Inventory MIS Report in Tally

Mix Supply in Tally

Assignment : Mix Supply

GST Detail Report in Tally

Introduction of Payroll

Payroll Transactions in Tally

Payroll Reports in Tally

Payroll Statutory Reports in Tally

Assignment : Payroll

Additional functionalities in Tally

Introduction to Tally Prime

Course Summary

Career Guideline

FAQs

Inventory is the accounting of items, component parts and raw materials a company uses in production, or sells. Inventory is an important part of the business cycle as it contains information about the current state of production for products and services. It is used to help companies to plan for future needs, and to measure their progress towards meeting these requirements. Inventory is an important part of inventory management. This Tutorial will talk about how to manage inventory in a company that has multiple products and components, like manufacturing or retail. The verb “inventory” refers to the act of counting or listing items. As an accounting term, inventory refers to all stock in the various production stages and is a current asset. By keeping stock, both retailers and manufacturers can continue to sell or build items. Inventory is a key asset for most companies. You don't have to worry about inventory if you know how to plan it properly. Inventory planning is a very important asset for any business. A proper inventory system can be a very effective tool to manage the cost of goods sold and ensure quick turn around of the inventory.

We need to be able to manage our inventory. Inventory is that part of our business which we don't want to invest too much time and money into but still need to keep track of it. It helps us assess the value of our assets and will help us increase sales if we are able to accurately identify the value of our products or services. While most businesses use CRM systems or CRM software, there are actually several different solutions used for inventory management in companies like Google, Microsoft, Salesforce, etc. An example is Google's Vault system, which can be found on Google's website . After all these years with customer data being one of the most important sources for business intelligence (BI), companies like Google are now adding AI powered tools for inventory management.

The basic formula for calculating ending inventory is easy: Beginning Inventory + Net Purchases – COGS = Ending Inventory Inventory is used to measure the volume of output from the company's operations. This volume is used for planning purposes and to determine the amount of money that should be invested in new equipment or in improving the efficiency of existing equipment. In business, inventory is often measured as a unit performance index (UPI) - this means that it represents the percentage increase/decrease in sales during a certain period.

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