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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 Unit Of Measure & Closing Stock new

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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

Closing stock in Tally is the most common goal in all businesses. It is not easy to get it, but when you do, it will be a big boost for your business. It has proven to be more effective than writing down objectives and goals and putting them into action. Press F4 (Group) and select a stock group to view the closing balance of the items under that stock group.

A compound unit is a relation between two simple units. Hence, before you create a compound unit, ensure that you have already created two simple units. 1. Go to Gateway of Tally > Inventory Info > Units of Measure > Create. Create. The Unit Creation screen is displayed Then Click on Type field or Press SHIFT + TAB . 2. In Types of Units Select Compound and press Enter. The Conversion field will be displayed for creating Compound unit. 3. Select the First unit from the Units List. 4. Specify the Conversion Factor. 5. Specify the Second Unit from the Units List. 6. Use CTRL + A or Accept the Screen for Saving of Compound Unit Creation.

The Closing Stock or the closing inventory Formula is Opening Stock + Purchases – Cost of Goods Sold. This is the cost of goods which will be available for sale. Then, multiply the gross profit percentage by the sales to find the required cost of goods sold. We have just talked about inventory. When we are talking about inventory, we are also talking about the opening inventory. After this, subtract the cost of goods available for sale from the cost of goods sold to get the ending or the closing inventory. Achieving the end inventory is not easy. For instance, the average closing inventory is $10,000. This inventory should be reduced to $8,000. As it appears that everything will be sold out at the end of the year, this would mean that $2,000 would be added to the inventory at the end of the year.

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