Name of the Programme: Bachelor of Commerce B.

Com (Regular)

Name of the Course: Computer Accounting-Tally Prime (CATP)

Module 1: Fundamentals of Tally Prime

Introduction to Tally Prime - Downloading & Installation of Tally Prime -Company Creation - Getting Started
with Tally Prime o Shut a Company - Select a Company o Alter Company Details - Company Features and
Configurations

Module 2: Masters and Transactions in Tally Prime

Chart of Accounts -Ledger Creation -Group Creation - Deletion of Ledgers and Group -Creating Inventory
Masters- Creation of Stock Group -Creation of Units of Measure -Creation of Stock Item - Creation of Godown
-Stock Category- Introduction to Vouchers in Tally Prime - Components of Voucher Entry Screen - Accounting
Voucher - Basic Vouchers: Receipt, Payment, Contra, Sales, Purchase, Journal, - Credit Note, & Debit Note -
Voucher Alteration & Deletion - Non-Accounting Vouchers - Voucher Type - Double & Single Mode Voucher
Entry Inventory Vouchers - Basic Voucher: Stock Transfer, Manufacturing, Physical Stock Voucher - Accounts
Voucher with Inventory Transactions -Invoice & Voucher Entry Mode - Inventory Linked Accounts Ledger

Module 3: TDS and GST in Tally Prime

TDS – Enable TDS in Tally Prime – Recording TDS Transactions in Tally Prime, Accounting for Expenses and
deducting – Reversal of with TDS in Tally Prime – TDS at Lower Rate and Zero Rate in Tally Prime – TDS
Deduction for Interest Payable – TDS on Advance Payment in Tally Prime. Goods and Services Tax (GST) -
Introduction to GST& its Terminology - Tax Rate Structure & Setup in Tally Prime - Invoicing in GST (Goods
& Services) - Input Credit Mechanism, GST Adjustment - Return Filing using Tally Prime - E-Way Bill in GST

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 Module 1: Fundamentals of Tally Prime
1.1 Introduction to Tally Prime

Tally stands for "Transactions Allowed in a Linear Line Yards," a software designed for comprehensive
accounting and financial management.

Tally Prime is the new-age business management software from the house of Tally. Simplicity, speed,
flexibility, and reliability are a trademark of Tally products and with Tally Prime .

1.2 Features of Tally Prime

With a wide range of features, Tally Prime can be your perfect business companion. Here is the list of Tally
Prime’s features:

1.3 Difference Between Tally Prime 4.0 and TallyPrime 5.0

Feature Tally Prime 4.0 TallyPrime 5.0

GST Advanced GST features, including easy filing

Basic GST features
Compliance and reconciliation

More advanced automation capabilities,

Automation Limited automation
including AI-powered features

User Interface Less intuitive Improved user experience with a more intuitive

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 interface interface

Deeper integration capabilities with more third-

Integrates with
party apps and services, including e-commerce
Integration various third-party
platforms, payment gateways, and accounting
apps and services
software

Stronger security measures to protect sensitive

Security Basic security features
data

Available for iOS and Enhanced mobile app with more features and
Mobile App Android, with basic functionality, including offline access and
features barcode scanning

Basic reporting Advanced reporting capabilities with more

Reporting
capabilities insights and visualization options

Inventory Basic inventory Improved inventory management tools with

Management management advanced features

1.4 Features of Tally Prime

1.One-Click GST Reconciliation
GST compliance is crucial for any business operating in India. TallyPrime 5.0 makes this easier than ever with
its One-Click GST Reconciliation. Users can automatically download and reconcile GST transactions,
reducing manual entry errors and speeding up processes.
2. Automated GST Filing
Gone are the days of manual GST return submissions. TallyPrime 5.0 allows you to upload and download
GST returns directly from the software, ensuring faster compliance without the hassle of manual entries.
3.Advanced Payment Management
With the Smart Payment Management feature, TallyPrime 5.0 helps businesses prioritize pending bills by due
dates, ensuring timely payments. This feature helps improve cash flow and avoid late penalties.
4.Automated Ledger Creation
Bulk ledger creation can be time-consuming, but TallyPrime 5.0 simplifies this task by automating ledger
creation based on GSTN and other party details. This streamlines bookkeeping tasks significantly.
5.Stripe View for Enhanced Readability
For businesses handling large datasets, TallyPrime 5.0 introduces the Stripe View feature, which alternates row
colors in reports, making data easier to scan and analyze.

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6. Instant Task Notifications
Never miss an important task again. With Instant Task Notifications delivered through a bell icon, users
receive timely alerts for GST filings, software upgrades, and more.
7.TallyCapital Plugin
Need quick business financing? The TallyCapital Plugin allows users to check credit scores and apply for
loans directly from the software, integrating financial services into daily accounting tasks.
1.5 Benefits of Upgrading to TallyPrime 5.0

Reduced Errors:

Automated processes such as GST reconciliation, ledger creation, and payment prioritization significantly
reduce the risk of human error.

Faster Processing:

Enhanced speed in processing large datasets helps businesses operate more efficiently, allowing them to focus
on growth.

Enhanced Compliance:

TallyPrime 5.0 simplifies GST filings, making it easier for businesses to stay compliant with tax regulations.

Improved User Experience:

With features like Stripe View and automated notifications, navigating through complex data and staying on top
of tasks becomes easier.

Integrated Financial Solutions:

The TallyCapital plugin offers integrated business financing solutions, eliminating the need to switch between
multiple platforms

1.6 Downloading & Installation of Tally Prime

Downloading Tally Prime

1. Visit the Tally Website: Go to the official Tally website ((link unavailable)).

2. Click on Download: Click on the "Download" button to initiate the download process.

3. Select the Version: Choose the latest version of Tally Prime.

4. Choose the Operating System: Select the operating system (Windows or macOS) on which you want to
install Tally Prime.

Installing Tally Prime

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1. Run the Installer: Run the downloaded installer file (TallyPrime.exe for Windows or TallyPrime.dmg for
macOS).

2. Follow the Installation Wizard: Follow the on-screen instructions to complete the installation process.

3. Accept the License Agreement: Read and accept the license agreement.

4. Choose the Installation Location: Select the location where you want to install Tally Prime.

5. Install Required Components: Install any required components, such as Microsoft Visual C++
Redistributable.

6. Complete the Installation: Wait for the installation to complete.

Post-Installation Steps

1. Activate Tally Prime: Activate Tally Prime by entering your serial number and activation key.

2. Configure Tally Prime: Configure Tally Prime according to your business needs.

3. Update Tally Prime: Update Tally Prime to the latest version.

System Requirements

1. Operating System: Windows 10/8.1/8/7 (64-bit) or macOS 10.12 or later.

2. Processor: Intel Core 2 Duo or AMD equivalent.

3. RAM: 4 GB or more.

4. Disk Space: 10 GB or more.

5. Display: 1366 x 768 pixels or higher.

1.7 Company Creation

How to Create a Company in Tally Prime?

You can create a company in TallyPrime to keep track of all your business transactions. It enables you to access
and alter your transaction entries through the firm and review financial reports based on the transactions you
manage. To create a company, enter its name, address, and other facts, such as financial year and related
information, on the displayed form.

Once you've set up your firm, you may use the following tools to set your business preferences:

 Accounting
 Inventory
 Payroll
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  Taxes

Your transactions can also be accounted for by specifying the tax registration details such as GSTIN or TIN .All
of your company's commercial transactions are safe and secure with Tally’s security features. Your company's
transaction records can be further protected from unauthorised access by enabling extra security settings

Create a Company

1. When you first start up TallyPrime (T: Educational Mode or Continue in Educational Mode), Click
the Create Company option.
2. You may start a new business by pressing the shortcut key combination Alt + K (Company) > Create.
This option applies even if you already have another company open.
3. Include information about the company or Fill out the fields for "Name,""Mailing Name," and
"Address."

5. Accept? Yes or NO >YES>“Company created Successfully” tab opens

7. Alter the features as “Yes” to the below:-

8. Under Taxation

 Enable GST: Yes

 Set/ alter company GST Rate & other details> click on tab> Edit the changes accordingly
 State: The state where business operates
 Registration: Regular/ Composition/ Regular-SEZ

GST Registration Details

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 1. If the Registration Type: Regular

The Assesse of other Territory: No

GSTIN/UIN: 29BRSQY830ZFZF (GSTIN # provided by the registrar)
Periodicity of GSTR-1: Monthly/ Quarterly

2. Connected GST DETAILS

 GST Username:- GSTIN is your Username.

 Mode of Filing: Not Applicable/DSC/EVC
 DSC:- E-Filing using a Digital Signature
 EVC:- E-filing using a Electronic Verification Code.

 E-Invoicing details:-YES/NO.If yes Update the Applicable from 31-Mar-2 ; Invoice Bill from Place:
31-Mar-25

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  e-Way Bill Details:-

 E-way applicable: Yes

 Applicable from: 31-Mar-25
 Applicable from Intrastate: Yes >
 Accept: Yes/no
 New State Name:

IF “YES “ List of Voucher Types is displayed as below:-

8. Accept>Yes/No> Yes

Note: Your company data will be saved in the Company Data Path folder, which by default is the same folder
where Tally Prime was installed. Please go to “Manage Your Company Data” for any further information you
may want on the configuration of your data flow.

Steps to Create a Company

1. Gateway of Tally: Open Tally Prime and press F1 to access the Gateway of Tally.
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2. Create Company: Select Create Company from the menu.

3. Company Creation Screen: Enter the required company details, such as:

 1. Company Name
 2. Address
 3. City
 4. State
 5. Pin Code
 6. Country
 7. Financial Year
 8. Books Beginning From

4. Currency Details: Enter the currency details, such as:

 1. Currency Symbol
 2. Formal Name
 3. Decimal Places
 4. Symbol Placement

5. Taxation and Compliance: Configure taxation and compliance settings, such as:

 GST Registration
 VAT Registration
 TDS Registration

6. Security and User Management: Configure security and user management settings, such as:

 User ID
 Password
 Security Levels

7. Save Company: Click Save to create the company.

Company Details to be Entered

 Company Name
 Address
 City
 State
 Pin Code
 Country
 Financial Year
 Books Beginning From
 Currency Symbol
 Formal Name
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 Decimal Places
 Symbol Placement

1.4 Getting Started with Tally Prime o Shut a Company

Shutting a Company in Tally Prime

1. Gateway of Tally: Open Tally Prime and press F1 to access the Gateway of Tally.

2. Company Info: Select Company Info from the menu.

3. Shut Company: Choose the company you want to shut and click Shut.

4. Confirmation: Confirm that you want to shut the company.

Reasons to Shut a Company in Tally Prime

1. Company Closure: Shut a company that is no longer in operation.

2. Merging Companies: Shut a company that is being merged with another company.

3. Data Archiving: Shut a company to archive its data and free up system resources.

Pre-Shutdown Checklist

1. Backup Data: Backup company data before shutting it down.

2. Verify Financials: Verify financial statements and ensure accuracy.

3. Close Outstanding Transactions: Close outstanding transactions and reconcile accounts.

Post-Shutdown Tasks

1. Archive Data: Archive company data for future reference.

2. Remove Company: Remove the company from the Tally Prime company list.

3. Update System Settings: Update system settings to reflect the company shutdown.

1.5 Select a Company and Alter Company Details

Selecting a Company

1. Gateway of Tally: Open Tally Prime and press F1 to access the Gateway of Tally.

2. Company Info: Select Company Info from the menu.

3. Select Company: Choose the company you want to select from the list of existing companies.

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4. Load Company: Click Load Company to select the company.

Altering Company Details

1. Gateway of Tally: Open Tally Prime and press F1 to access the Gateway of Tally.

2. Company Info: Select Company Info from the menu.

3. Alter Company: Choose the company you want to alter and click Alter.

4. Company Alteration Screen: Make the necessary changes to the company details, such as company name,
address, or financial year.

5. Save Changes: Click Save to save the changes.

Company Details that can be Altered

1. Company Name: Change the company name.

2. Address: Update the company address.

3. Financial Year: Change the financial year.

4. Books Beginning From: Update the books beginning from date.

5. Currency Symbol: Change the currency symbol.

1.6 Company Features and Configurations

Tally Prime is a popular accounting and business management software used by many companies. Here are
some key features and configurations related to Company Features in Tally Prime:

Company Features

1. Company Creation: Create a new company with basic details such as company name, address, and financial
year.

2. Company Alteration: Modify existing company details, such as changing the company name or address.

3. Company Closure: Close a company temporarily or permanently.

4. Multi-Company Management: Manage multiple companies from a single instance of Tally Prime.

Configurations

1. Financial Year: Set the financial year for the company, including the start and end dates.

To set the financial year for a company in Tally Prime, follow these steps:

Setting the Financial Year

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1. Open Tally Prime: Launch Tally Prime on your computer.

2. Select the Company: Select the company for which you want to set the financial year.

3. Go to Company Settings: Press F11 or click on Company Info in the top menu bar.

4. Select Financial Details: In the Company Features menu, select Financial Details.

5. Set Financial Year: In the Financial Details screen, set the following:

1. Start of Books: Enter the start date of the financial year (e.g., April 1).

2. Books Beginning From: Select the financial year (e.g., 2023-2024).

3. Books Closing On: Enter the end date of the financial year (e.g., March 31).

6. Accept: Press Enter or click Accept to save the changes.

Additional Tips

 Verify the Dates: Ensure that the start and end dates are correct and match the company's financial year.
 Update VAT/ GST Details: If applicable, update the VAT/GST details to reflect the new financial year.
 Check for Updates: After setting the financial year, check for any updates or notifications from Tally
Prime.

By following these steps, you should be able to set the financial year for your company in Tally Prime.

2. Base Currency: Set the base currency for the company, which is used for all transactions.

Setting the Base Currency

1. Open Tally Prime: Launch Tally Prime on your computer.

2. Select the Company: Select the company for which you want to set the Base Currency.

3. Go to Company Settings: Press F11 or click on Company Info in the top menu bar.

4. Select Currency and Exchange Rate: In the Company Features menu, select Currency and Exchange Rate.

5. Set Base Currency: In the Currency and Exchange Rate screen, set the following:

1. Base Currency: Select the base currency for the company (e.g., INR - Indian Rupee).

2. Symbol: Enter the currency symbol (e.g., ₹).

3. Decimal Places: Set the number of decimal places for the currency (e.g., 2).

6. Accept: Press Enter or click Accept to save the changes.

Additional Tips

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1. Verify the Currency: Ensure that the base currency is correct and matches the company's operational
currency.

2. Update Exchange Rates: If you have multiple currencies enabled, update the exchange rates to reflect the
current market rates.

3. Check for Updates: After setting the base currency, check for any updates or notifications from Tally Prime.

3. Tax Registration: Configure tax registration details, such as GST, VAT, or other taxes applicable to the
company.

Configuring Tax Registration

1. Open Tally Prime: Launch Tally Prime on your computer.

2. Select the Company: Select the company for which you want to configure Tax Registration.

3. Go to Company Settings: Press F11 or click on Company Info in the top menu bar.

4. Select Statutory & Taxation: In the Company Features menu, select Statutory & Taxation.

5. Select Tax Registration: In the Statutory & Taxation screen, select Tax Registration.

6. Configure Tax Registration: Configure the tax registration details as follows:

1. GST Registration: Select the GST registration type (e.g., Regular, Composition, etc.).

2. GSTIN: Enter the GSTIN (Goods and Services Tax Identification Number).

3. PAN: Enter the PAN (Permanent Account Number).

4. State: Select the state for which the tax registration is applicable.

5. Tax Type: Select the tax type (e.g., GST, VAT, etc.).

7. Accept: Press Enter or click Accept to save the changes.

Additional Tips

1. Verify the Tax Registration Details: Ensure that the tax registration details are correct and match the
company's tax registration documents.

2. Update Tax Rates: Update the tax rates to reflect the current tax rates applicable to the company.

3. Check for Updates: After configuring tax registration, check for any updates or notifications from Tally
Prime.

4. Accounting and Inventory Configuration: Configure accounting and inventory settings, such as accounting
methods, inventory valuation methods, and stock valuation methods.

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 Accounting and Inventory Configuration in Tally Prime:

Accounting Configuration

1. Accounting Method: Select the accounting method (e.g., Cash, Accrual, etc.).

2. Financial Year: Set the financial year for the company.

3. Books Beginning From: Set the starting date for the accounting books.

4. Maintain Bill-wise Details: Enable or disable the maintenance of bill-wise details.

5. Activate Auto Increment: Enable or disable auto-increment for voucher numbers.

Inventory Configuration

1. Inventory Valuation Method: Select the inventory valuation method (e.g., FIFO, Weighted Average, etc.).

2. Stock Valuation Method: Select the stock valuation method (e.g., Cost Price, Market Value, etc.).

3. Maintain Stock Categories: Enable or disable the maintenance of stock categories.

4. Activate Auto Increment: Enable or disable auto-increment for stock item codes.

Steps to Configure Accounting and Inventory

1. Open Tally Prime: Launch Tally Prime on your computer.

2. Select the Company: Select the company for which you want to configure accounting and inventory.

3. Go to Company Settings: Press F11 or click on Company Info in the top menu bar.

4. Select Accounting Features: In the Company Features menu, select Accounting Features.

5. Configure Accounting: Configure the accounting settings as required.

6. Select Inventory Features: In the Company Features menu, select Inventory Features.

7. Configure Inventory: Configure the inventory settings as required.

8. Accept: Press Enter or click Accept to save the changes.

Additional Tips

1. Verify the Configuration: Ensure that the accounting and inventory configuration is correct and matches the
company's requirements.

2. Update the Configuration: Update the configuration as and when required.

3. Check for Updates: After configuring accounting and inventory, check for any updates or notifications from
Tally Prime.
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5. Security Configuration: Configure security settings, such as user access rights, password policies, and audit
trails.

Security Configuration in Tally Prime:

1. User Management: Create and manage user accounts, including setting user roles, passwords, and access
rights.

2. Password Policy: Set password policies, such as password length, complexity, and expiration.

3. Access Control: Control access to various features and reports in Tally Prime, including setting access rights
for different users.

4. Audit Trail: Enable or disable the audit trail feature, which tracks all changes made to data in Tally Prime.

5. Data Encryption: Enable or disable data encryption, which secures data stored in Tally Prime.

Steps to Configure Security

1. Open Tally Prime: Launch Tally Prime on your computer.

2. Select the Company: Select the company for which you want to configure security.

3. Go to Company Settings: Press F11 or click on Company Info in the top menu bar.

4. Select Security Features: In the Company Features menu, select Security Features.

5. Configure Security: Configure the security settings as required.

6. Accept: Press Enter or click Accept to save the changes.

Additional Tips

1. Verify the Configuration: Ensure that the security configuration is correct and matches the company's
requirements.

2. Update the Configuration: Update the configuration as and when required.

3. Check for Updates: After configuring security, check for any updates or notifications from Tally Prime.

6. Data Backup and Restore: Backup and restore company data to ensure business continuity.

Steps to Backup and Restore Data

1. Open Tally Prime: Launch Tally Prime on your computer.

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2. Go to Gateway of Tally: Click on Gateway of Tally.

3. Select Backup: Click on Backup to create a backup of your data.

4. Select Restore: Click on Restore to restore data from a previously created backup.

5. Follow the Wizard: Follow the backup and restore wizard to complete the process.

Best Practices

1. Regular Backups: Perform regular backups to ensure data safety.

2. Multiple Backup Locations: Store backups in multiple locations, such as external hard drives and cloud
storage.

3. Test Restores: Regularly test restores to ensure data can be recovered in case of a disaster.

4. Secure Backup Files: Secure backup files with passwords and encryption to prevent unauthorized access.

7. Company Report: Generate reports for the company, including balance sheets, profit and loss statements, and
other financial reports.

Company Report Generation in Tally Prime:

Types of Reports

1. Balance Sheet: Displays the company's financial position at a specific point in time.

2. Profit & Loss Statement: Shows the company's revenues and expenses over a specific period.

3. Cash Flow Statement: Displays the company's inflows and outflows of cash over a specific period.

4. Trial Balance: Lists all general ledger accounts and their corresponding debit or credit balances.

5. Ledger Accounts: Displays detailed information about specific ledger accounts.

Steps to Generate Company Reports

1. Open Tally Prime: Launch Tally Prime on your computer.

2. Select the Company: Select the company for which you want to generate reports.

3. Go to Reports: Click on Reports in the top menu bar.

4. Select the Report Type: Choose the type of report you want to generate (e.g., Balance Sheet, Profit & Loss
Statement).

5. Specify the Reporting Period: Select the reporting period for which you want to generate the report.

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6. Customize the Report: Customize the report as needed (e.g., add or remove columns, filter data).

7. Generate the Report: Click Generate to create the report.

Report Customization Options

1. Reporting Period: Select the reporting period for which you want to generate the report.

2. Report Format: Choose the report format (e.g., detailed, condensed).

3. Columns: Add or remove columns as needed.

4. Filters: Apply filters to the data (e.g., by account, by date).

5. Sorting: Sort the data by specific criteria (e.g., account name, amount).

Additional Tips

1. Verify Report Accuracy: Verify the accuracy of the report data.

2. Save Reports: Save reports for future reference.

3. Export Reports: Export reports to external formats (e.g., Excel, PDF).

4. Schedule Reports: Schedule reports to be generated automatically at regular intervals.

8. Integration with Other Applications: Integrate Tally Prime with other applications, such as e-invoicing, e-way
bills, and other third-party apps.

Integration with Other Applications in Tally Prime:

Tally Prime Integration Capabilities

1. API Integration: Tally Prime provides APIs for integrating with other applications.

2. SDK Integration: Tally Prime provides SDKs for integrating with other applications.

3. File Import/Export: Tally Prime allows importing and exporting data in various file formats.

4. Web Services: Tally Prime provides web services for integrating with other applications.

Integration with Other Applications

1. E-Invoicing: Integrate Tally Prime with e-invoicing platforms for automated invoicing.

2. GSTN: Integrate Tally Prime with GSTN for automated GST compliance.

3. E-Way Bill: Integrate Tally Prime with e-way bill platforms for automated e-way bill generation.

4. Banking and Payment Gateways: Integrate Tally Prime with banking and payment gateways for automated
payment processing.
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5. ERP and CRM Systems: Integrate Tally Prime with ERP and CRM systems for automated data
synchronization.

Benefits of Integration

1. Automated Data Synchronization: Automate data synchronization between Tally Prime and other
applications.

2. Improved Efficiency: Improve efficiency by reducing manual data entry and processing.

3. Enhanced Accuracy: Enhance accuracy by reducing errors caused by manual data entry.

4. Better Decision-Making: Make better decisions with real-time data synchronization and automated reporting.

Implementation and Support

1. Tally Prime Support: Get support from Tally Prime's technical team for integration-related issues.

2. Partner Network: Leverage Tally Prime's partner network for implementation and support services.

3. Documentation and Resources: Access documentation and resources for integration and implementation.

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