TallyEssential

This foundational level aims to equip learners with the essential skills to:

• Create and manage company information: Understand how to set up a company in Tally and maintain its basic details.

• Record transactions: Learn to accurately record various types of business transactions, including sales, purchases, expenses, and receipts.

• Generate reports: Create and analyze financial reports such as the balance sheet, profit and loss statement, and trial balance.

Building on the knowledge acquired in Level 1, this level delves into the management of accounts payable and receivable:

• Accounts payable: Understand how to track and manage debts owed to suppliers and vendors.

• Accounts receivable: Learn to monitor and manage debts owed by customers.

• Reconciliation: Perform bank reconciliations and reconcile accounts payable and receivable.

The final level of TallyEssential focuses on taxation and compliance aspects:

• Taxation: Gain insights into various taxes such as GST, VAT, and income tax.

• Compliance: Understand the regulatory requirements and compliance procedures related to accounting and taxation.

• Tax returns: Learn how to prepare and file tax returns accurately.