This course is for those interested in starting a career in bookkeeping. The course builds on the knowledge and skills covered in the first course in this professional certificate, Fundamentals of Accounting and Reporting, and dives deeper into accounts payable and receivable management.
This course is part of the Tally Bookkeeper Professional Certificate
Principles of Accounts Payable and Receivable Management
Offered By
Tally Bookkeeper Professional CertificateTally EducationAbout this Course
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Shareable Certificate
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Course 2 of 3 in the
Intermediate Level
Any Degree or Working Professionals
Approx. 35 hours to complete
English
Subtitles: English
Could your company benefit from training employees on in-demand skills?
Try Coursera for BusinessSkills you will gain
- GST
- Stock Management
- Financial Accounting
- Cost and Profit
- Basic computer skills
Flexible deadlines
Reset deadlines in accordance to your schedule.
Shareable Certificate
Earn a Certificate upon completion
100% online
Start instantly and learn at your own schedule.
Course 2 of 3 in the
Intermediate Level
Any Degree or Working Professionals
Approx. 35 hours to complete
English
Subtitles: English
Could your company benefit from training employees on in-demand skills?
Try Coursera for Business
Offered by
Tally Education
Tally Education Private Limited (TEPL), is a group company and an education initiative of Tally Solutions.
We are the designers of Tally, the simplest and most widely used business software in the nation. We deliver the best-in-the-industry learning and certifications on Accounting with TallyPrime thanks to our years of domain expertise! The in-demand Tally Certifications enhance skills, increase chances of higher pay, get a better job offer, and open new career opportunities.
Syllabus - What you will learn from this course
Week1
Week 1
Storage and Classification of Inventory
At the end of the module- storage and classification of inventory you will be able to: • Describe inventory management• Explain storage and classification of inventory • Create inventory masters in Tally • Maintain batch-wise details • Purchase and sell the goods using batch wise feature• View the batch reports• Maintain price level and price lists • Revise the price list for different price levels
31 videos (Total 86 min), 10 readings, 6 quizzes
31 videos
Welcome Video - An Overview2mAn Overview of Accounts Payable and Receivable Management2mLearning Objectives37sIntroduction of Storage and Classification of Inventory53sInventory Management3mIntroduction to Inventory Masters3mCompany Creation in Tally57sIntroduction of Capital into a Business 2mOverview of Inventory Masters Creation3mCreation of Stock Group2mCreation of Stock Category1mCreation of Unit1mCreation of Stock Item1mCreation of Godown2mOverview of Tracking of Movements of Goods in Batches/Lots2mActivation of Batches/Lots for Stock Items3mAllocating Batch/Lot Details in Purchase Invoice- Allocation of Batch/Lot Details1mAllocation of Batch/Lot Details in Purchase Invoice-Recording of Transaction3mAllocation of Batch/Lot Details in Purchase Invoice-Activity4mSelling of Stock Items from Batch/Lot5mIdentifying of Expired Batch in Sales Invoice4mReturning of Expired Batch Stock Items5mOverview of Batch Reports41sBatch Voucher Report1mBatch Summary Report1mOverview of Price Levels and Price Lists and Business Scenarios2mActivating Price Lists and Defining of Price Levels1mCreation of Price List5mPrice Level & Price List usage in Sales Voucher5mRevise Price List5mConclusion45s10 readings
Program and Course Overview10mLearning Objectives2mIntroduction of Storage and Classification of Inventory20mInventory Management30mIntroduction to Inventory Masters30mCreation of Inventory Masters in Tally30mTracking of Movements of Goods in Batches/Lots-Part A1hTracking of Movements of Goods in Batches/Lots-Part B10mPrice Levels and Price Lists30mConclusion5m6 practice exercises
Introduction of Storage and Classification of Inventory1mInventory Masters in Tally6mTracking of Movements of Goods in Batches/Lots-Part A3mTracking of Movements of Goods in Batches/Lots-Part B3mPrice Levels and Price Lists2mGraded Assessment-Storage and Classification of Inventory15mWeek2
Week 2
Accounts Receivable and Payable Management
At the end of the module, Accounts Receivable and Payable Management, you will be able to:
• Explain accounts payable and receivables • Maintain and activate bill-wise entry in Tally • Describe the usage of bill-wise entry in purchase, sales, payment and receipt vouchers. • Manage outstandings by keeping track of receivables and payables • Generate reminder letters and confirmation of accounts • Also, split the single sales bill into multiple bills
27 videos (Total 75 min), 11 readings, 10 quizzes
27 videos
Learning Objectives47sOverview of Accounts Receivable and Payable Management43sAccounts Payable and Receivable1mMaintain Bill-wise Entry2mEnabling Bill-wise Entry Feature in Tally1mUsage of Bill-wise Entry in Purchase and Payment Voucher13mUsage of Bill-wise entry in Sales and Receipt Voucher9mUsage of Bill-wise entry in Payment and Receipt Voucher2mRecording of Advance Payment Voucher with Method of Adjustment as Advance2mRecording of Purchase Voucher and Adjusting Advance Payment3mRecording of Advance Receipt Voucher with Method of Adjustment as Advance4mUsage of Bill-wise Entry - On Account5mUnderstanding Credit Limit2mSpecifying Credit Limit for Individual Ledger2mSpecifying Credit Limit for Multiple Ledger2mSales Voucher Restriction Based on Credit Limit3mSplitting the Credit Sales Entry into Multiple Bills52sRecording Transactions3mPayment Performance of Debtors1mGenerating and Analysing the Receivables and Payables Reports56sBills Receivable1mAgeing Analysis of Outstanding1mGenerating Reminder Letter in Tally1mGenerating Confirmation of Accounts in Tally1mBills Settlement3mBills Payables1mConclusion40s11 readings
Learning Objectives2mOverview of Accounts Receivable and Payable Management2mAccounts Payable and Receivable20mMaintain Bill-wise Entry10mActivation of Bill-wise Entry Part-A1hActivation of Bill-wise Entry Part-B1hSpecifying of Credit Limit for Parties30mSplitting of Credit Sale Into Multiple Bills15mPayment Performance of Debtors10mBills Payable and Receivable Reports in Tally30mConclusion5m10 practice exercises
Overview of Accounts Receivable and Payable Management1mAccounts Payable and Receivable1mMaintain Bill-wise Entry1mActivation of Bill-wise Entry Part-A1mActivation of Bill-wise Entry Part-B2mSpecifying of Credit Limit for Parties3mSplitting of Credit Sale Into Multiple Bills2mPayment Performance of Debtors1mBills Payable and Receivable Reports in Tally2mGraded Assessment- Accounts Receivable and Payable Management15mWeek3
Week 3
Purchase and Sales Order Management
At the end of the module, Purchase and Sales Order Management you will be able to
• Maintain complete purchase and sales order processing • View the order outstandings reports • Explain Pre-closure of Orders • Maintain Reorder Levels
23 videos (Total 68 min), 8 readings, 7 quizzes
23 videos
Learning Objectives25sIntroduction to Purchase and Sales Order Management1mOverview of Purchase Order Processing and Business Scenario2mRecording of Purchase Order5mRecording of Receipt Note Voucher3mRecording Rejections Out Voucher2mRecording Purchase Voucher3mRecording Debit Note Voucher2mRecording Payment Voucher2mOverview of Sales Order Processing2mRecording of Sales Order in Tally5mPrinting of Quotation1mRecording Delivery Note Voucher4mRecording Rejections In Voucher3mRecording of Sales Voucher2mRecording Receipt Voucher1mSales Order Outstanding3mPurchase Order Outstanding1mPre-Closure of Orders2mReorder Level in Tally5mDisplay Reorder Status3mGodown Transfer in Tally3mConclusion39s8 readings
Learning Objectives2mIntroduction to Purchase and Sales Order Management10mPurchase Order Processing2hSales Order Processing2hOrder Outstandings30mReorder Level30mGodown Transfer in Tally30mConclusion5m7 practice exercises
Introduction to Purchase and Sales Order Management1mPurchase Order Processing3mSales Order Processing3mOrder Outstandings2mReorder Level1mGodown Transfer in Tally1mGraded Assessment-Purchase and Sales Order Management16mWeek4
Week 4
Tracking Additional Costs of Purchase
At the end of the module Tracking Additional Costs of Purchase, you will be able to:
• Track additional costs of purchase like Packing Cost and Transportation Cost • Record Purchase Transaction with Additional Cost Details in Voucher Mode • Rcord Purchase Transaction with Additional Cost Details in Item Invoice Mode • Record Debit Note Voucher with Additional Cost
7 videos (Total 25 min), 4 readings, 2 quizzes
7 videos
Learning Objectives41sIntroduction to Tracking Additional Costs of Purchase1mConfiguring Additional Cost of Purchases in Tally1mPurchase Transaction with Additional Cost Details in Voucher Mode7mPurchase Transaction with Additional Cost Details in Item Invoice Mode7mDebit Note Voucher with Additional Cost5mConclusion39s4 readings
Learning Objectives2mIntroduction to Tracking Additional Costs of Purchase2mConfiguration of Additional Cost of Purchases in TallyPrime 1hConclusion5m2 practice exercises
Additional Cost of Purchases Configuration in Tally3mGraded Assessment-Tracking Additional Costs of Purchase6mWeek5
Week 5
Cost/Profit Centres Management
In this module you will learn to:
• Create and maintain cost centres • Create and maintain the cost categories • View reports relating to cost centres and cost categories • Create and maintain cost centres class, and • Generate reports related to cost centre and categories
17 videos (Total 36 min), 6 readings, 4 quizzes
17 videos
Learning Objectives39sIntroduction to Cost/Profit Centres Management1mOverview of Cost Centre and Cost Categories4mActivation of Cost Centre2mAllocation of Expenses and Incomes using Cost Centre- Example, Illustration and Accounting Masters Creation2mRecording of Payment Voucher2mRecording of Receipt Voucher3mCost Centre Classes (Automatic Allocation)5mAllocation of Expenses to Multiple Cost Centres and Cost Categories-Business Scenario42sCreation of Cost Category3mRecording of Transaction and Auto Allocation of Expenses4mAccessing Cost Centre Reports41sCategory Summary55sCost Centre Break-up1mLedger Break-up1mGroup Break-up1mConclusion34s6 readings
Learning Objectives2mIntroduction to Cost/Profit Centres Management5mCost Centre and Cost Categories-Part A1hCost Centre and Cost Categories-Part B30mCost Centre Reports30mConclusion5m4 practice exercises
Cost Centre and Cost Categories-Part A4mCost Centre and Cost Categories-Part B2mCost Centre Reports3mGraded Assessment-Cost/Profit Centres Management15mWeek6
Week 6
Budgets and Scenarios
At the end of the Module Budgets and Scenarios, you will be able to….
• Explain the meaning and importance of maintaining a budget in an organisation • Create and maintain budgets using Tally • Generate the variance report • Manage and create Scenarios in Tally
9 videos (Total 27 min), 7 readings, 6 quizzes
9 videos
Learning Objectives34sIntroduction to Budgets and Scenarios5mCreation of Budget3mRecording Transactions3mDisplay Budgets and Variances Reports for Group Budget3mOverview of Scenario Management and Business Scenario48sCreation of Scenario4mTemporary Inclusion of Reversing Journal Voucher In the Reports4mConclusion39s7 readings
Learning Objectives2mIntroduction to Budgets and Scenarios15mCreation of Budget15mRecording Transactions30mDisplay Budgets and Variances Reports for Group Budget15mScenario Management30mConclusion5m6 practice exercises
Introduction to Budgets and Scenarios2mCreation of Budget1mRecording Transactions1mDisplay Budgets and Variances Reports for Group Budget2mScenario Management1mGraded Quiz-Budgets and Scenarios11mWeek7
Week 7
Generating & Printing Reports
At the end of the module Generating and Printing Reports, you will be able to….
• Analyze and Generate the reports like Stock Query, Godown wise Stock Availability, Stock Summary Analysis and Movement Analysis report • Compare the reports quarterly • Generate Financial Statements • Generate Books and Registers • Take Print of invoice and Reports
19 videos (Total 32 min), 9 readings, 8 quizzes
19 videos
Learning Objectives43sIntroduction to Generating & Printing Reports45sOn the Fly Reporting3mBird’s eye View/Drill Down Display3mDrill Down Display3mDate/Period Based Reporting & Comparing3mOverview of Inventory Reports50sStock Summary1mGodown-wise Stock Availability55sMovement Analysis1mStock Query2mOverview of Financial Reports1mBalance Sheet1mProfit & Loss A/c1mOverview of Books & Registers1mSales Register1mPurchase Register43sPrinting of Invoice and Report1mConclusion40s9 readings
Learning Objectives5mIntroduction to Generating & Printing Reports2mOn the Fly Reporting30mInventory Reports40mFinancial Reports10mBooks & Registers30mPrinting of Invoice and Report24mConclusion15mAccounts Payable & Receivable Capstone4h8 practice exercises
Introduction to Generating & Printing Reports1mOn the Fly Reporting3mInventory Reports3mFinancial Reports2mBooks & Registers2mPrinting of Invoice and Report1mGraded Assessment - Generating & Printing Reports20mAccounts Payable and Receivable Management - Capstone Project 1hAbout the Tally Bookkeeper Professional Certificate
Preparing to start a new career in bookkeeping, or want to learn how to manage your own account books,this program will teach you in-demand skills and latest accounting tools to excel. Bookkeepers are in high demand across many industries and focus on various areas of accounting, finance, or taxation.
Designed by Tally, India’s leading business management software solution company, this program will introduce you to the concepts of corporate finance, accounting, taxation, and statutory compliances, equipping you to handle accounting transactions in the work environment with ease. You’ll learn how to use Tally software, used by 80% of companies in India for financial reporting, in a wide variety of real-business situations. Upon completion, you will earn a Professional Certificate from Tally, validating your competency in finance and accounting fundamentals, proficiency with Tally business management software, and signal your job readiness to potential employers. In this program, you’ll learn: How to close Financial Year Books of Accounts and begin the next Financial Year How to work on Accounts Payable and Receivable Management The fundamentals of Banking Solutions (BRS), Budgets and Control Management, the workings of Goods and Services Tax (GST), and the calculations of Tax Deducted at Sources (TDS) To create MIS Reports Purchase and sales order processing Stock keeping unit maintenance (SKU)
Frequently Asked Questions
When will I have access to the lectures and assignments?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
What will I get if I subscribe to this Certificate?
When you enroll in the course, you get access to all of the courses in the Certificate, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
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