Tally course with Accounting and GST > Procurement Process

Procurement Transactions in Tally

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The types of procurement transactions include:

  • Quotation: A proposal for the purchase of goods and services from a supplier.
  • Sole source: When one party is awarded a contract without any other bids being received for that specific project.
  • Competitive bidding: A process where multiple suppliers are invited to submit proposals with prices and specifications before awarding a contract to one of them.

Procurement transactions are used to buy and sell goods in Tally. They are used in different ways such as receiving, acquiring, selling, transferring, and disposing.

Key steps in a procurement transaction:

  • Identifying the need for a product or service
  • Negotiating with suppliers
  • Selecting and contracting with an agency
  • Choosing and negotiating with contractors

The most important part of Tally is its transaction system which allows users to generate purchase orders, invoices, and receipts. The system also helps in generating discounts, pricing, payment terms and more.

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Danveer Kumar
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Neha Sharma
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Sayyed Alima Akbar
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Course Content

  1. Introduction to Tally
    14m 29s
  2. Getting familiar to Gateway of Tally
    28m 55s

  1. Introduction to Accounting Ledgers & Capital Transaction in Tally
    23m 25s
  2. Accounting Transactions in Tally
    9m 47s
  3. Accounting Reports in Tally
    6m 15s
  4. Assignment : Accounting transaction
    2m 9s

  1. Business Transaction for Purchase in Tally
    13m 50s
  2. Business Transaction for sale in Tally
    24m 45s
  3. Other Business Transactions in Tally
    9m 11s
  4. Reports Generation for Business transaction in Tally
    22m 16s
  5. Assignment : Business transaction and basic reports
    3m 12s

  1. Introduction to Inventory
    20m 39s
  2. Unit Of Measure & Closing Stock new
    24m 27s
  3. Assignment : Introduction of inventory
    1m 28s

  1. GST Introduction
    17m 31s
  2. GST Advantages & GST Number
    27m 23s
  3. HSN code & GST Rate
    8m 30s
  4. TAX Calculation in Tally
    9m 23s

  1. ITC Adjustment & ITC Setoff
    25m 18s
  2. Understanding GST Return filling with Example
    10m 54s
  3. GST setup & Inventory setup in Tally
    18m 46s

  1. GST Transaction Report
    19m 29s
  2. GST Sales Transaction
    14m 48s
  3. GST Reports & ITC
    21m 50s
  4. Assignment : GST Transaction Report
    2m 39s

  1. E way bill Configuration And Transaction in Tally
    17m 24s
  2. Career Guideline
    2m 31s
  3. Assignment : Eway Bill
    1m 32s

  1. Banking Transactions in Tally
    12m 26s
  2. Banking Reconciliation & Cheque Printing in Tally
    34m 28s
  3. Other Transactions in Tally
    14m 34s
  4. Assignment : Banking
    1m 58s

  1. Introduction to Budget in Tally
    21m 29s
  2. Operating Expense Transactions in Tally
    22m 27s
  3. Fix Assets Transactions In Tally
    20m 13s
  4. Assignment : Operating Expense
    2m 1s
  5. Assignment : Budget
    1m 25s

  1. Cost Centre Transaction in Tally
    30m 25s
  2. Predefine cost centers in Tally
    13m 10s
  3. Assignment : Cost Centers
    1m 19s

  1. Voucher Type & Voucher Class in Tally
    30m 21s
  2. Simple Interest Calculation in Tally
    31m 4s
  3. Bank Overdraft Interest Calculation in Tally
    18m 24s
  4. Compound Interest Calculation in Tally
    17m 21s
  5. Assignment : Simple Interest
    1m 29s
  6. Assignment : Voucher Type
    1m 15s

  1. Introduction to Procurement Process
    14m 8s
  2. Procurement Transactions in Tally
    22m 10s
  3. Preclose Order in Tally
    15m 23s
  4. Assignment : Procurement Process
    1m 33s

  1. Sales Process & Transactions in Tally
    18m 1s
  2. Generating Sales Process Reports in Tally
    16m 5s
  3. Assignment : Sales Process
    1m 28s

  1. POS in Tally
    26m 26s
  2. Assignment : POS
    1m 43s

  1. Introduction to Godown Transactions in Tally
    17m 53s
  2. Billed Quantity Discount in Tally
    21m 41s
  3. Assignmnet : Godown & Actual Bill
    1m 53s

  1. Stock category in Tally
    16m 14s
  2. Price List in Tally
    29m 27s
  3. Career Guideline
    1m 17s
  4. Assignment : Price List
    1m 10s
  5. Assignment : Stock Category
    1m 4s

  1. Multi Currency in Tally
    34m 32s
  2. Career Guideline
    1m 55s
  3. Assignment : Multy Currency
    1m 40s

  1. Introduction to Manufacturing Process in Tally
    30m 55s
  2. Manufacturing Process Transactions in Tally
    30m 1s
  3. Understanding Manufacturing Process with by Product in Tally
    30m 44s
  4. Assignment : MFG Process
    3m 48s

  1. Item cost tracking in Tally
    27m 42s
  2. Batch Details in Tally
    31m 50s
  3. Assignment : Batch Detail
    1m 9s
  4. Assignment : Item Cost Tracking
    1m 12s

  1. Financial MIS Reports in Tally
    36m 7s
  2. Inventory MIS Report in Tally
    26m 34s

  1. Mix Supply in Tally
    34m 45s
  2. Assignment : Mix Supply
    1m 56s

  1. GST Detail Report in Tally
    26m 39s

  1. Introduction of Payroll
    27m 27s
  2. Payroll Transactions in Tally
    41m 33s
  3. Payroll Reports in Tally
    24m 50s
  4. Payroll Statutory Reports in Tally
    18m 5s
  5. Assignment : Payroll
    1m 26s

  1. Additional functionalities in Tally
    36m 57s

  1. Introduction to Tally Prime
    31m 48s

  1. Course Summary
    3m 44s

  1. Career Guideline
    35s
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