When you enroll in this course, you'll also be enrolled in this Professional Certificate.
Learn new concepts from industry experts
Gain a foundational understanding of a subject or tool
Develop job-relevant skills with hands-on projects
Earn a shareable career certificate from Tally Education and Distribution Services Private Limited
There are 4 modules in this course
This course is for those interested in starting a career in bookkeeping. The course builds on the knowledge and skills covered in the first two courses in this professional certificate to dive deeper into concepts related to taxation. You will apply those concepts in scenarios using the TallyPrime software.The course includes several real-life business scenarios, charts, images, observations, solved illustrations, and practice scenarios on TallyPrime.
By the end of the course, you will be able to:
- Apply the concept of goods and services tax (GST)
- Configure tax deducted as source (TDS)
- Manage business data
- Manage data across companies
No prior experience in bookkeeping is required. To be successful in this course, you should have completed the first two courses in this program, Fundamentals of Accounting and Reporting (course 1) and Principles of Accounts Payable and Receivable Management (course 2), or have the equivalent skills and knowledge.
At the end of the module, Goods and Services Tax, you will be able to…
• Explain the concept of GST, and its tax Structure
• Describe the GST structure in detail, explain the regular & composition dealer registration -threshold limit.
• Explain the HSN code/SAC code
• Describe GST Rate structure and express the importance of Supply of Goods and Services.
• Determine the charges of the tax and the taxable jurisdiction where tax should reach.
• Explain the rules and aspects of invoicing including when a tax invoice must be issued.
• Activate GST for a company and configure tax rate at different levels
• Record GST compliant transactions
• Generate E-way Bill Report
• Generate GST Returns, e-invoice and also file GST returns accurately
• And Record GST Compliant transactions for Composition Dealer under GST Regime
Input Tax Credit Set Off Against Liability•2 minutes
GST Tax Payment•1 minute
Generating GST Returns for Regular Dealer in Tally•2 minutes
Filing GST Returns in Tally•3 minutes
Generating e-Invoice in Tally•4 minutes
Quarterly Return Monthly Payment Scheme•3 minutes
Composition Dealer Under GST Regime•2 minutes
Graded Assessment-Goods and Services Tax (GST)•20 minutes
1 discussion prompt•Total 10 minutes
You can use this Discussion Prompt to introduce yourself.•10 minutes
Tax Deducted at Source (TDS)
Module 2•10 hours to complete
Module details
At the end of the module Tax Deducted at Source, you will be able to:
• Activate and maintain TDS in Tally
• Configure TDS at different levels
• Record different types of TDS transactions like accounting of expenses, accounting of expenses partly subjected to TDS
• Account multiple expenses and deduct TDS later
• Record TDS payment transaction to government and generate TDS reports and challans, and file e-TDS Returns.
What's included
30 videos13 readings10 assignments
Show info about module content
30 videos•Total 125 minutes
Learning Objectives•1 minute
Introduction to TDS•1 minute
Basic Concepts of TDS Part 1•1 minute
Basic Concepts of TDS Part 2•0 minutes
Basic Concepts of TDS Part 3•3 minutes
TDS Process Part 1•5 minutes
TDS Process Part 2•3 minutes
TDS in Tally•2 minutes
Activation of TDS in Tally•2 minutes
TDS Statutory Masters•3 minutes
Configuration of TDS at Group level•14 minutes
Configuration of TDS at Ledger level•12 minutes
Recording TDS Compliant Transactions in Tally•14 minutes
Booking Expenses and TDS deduction on crossing Exemption Limit•12 minutes
Accounting Multiple Expenses and Deducting TDS later•8 minutes
TDS Payment to Department•3 minutes
Resolving Uncertain Transactions•2 minutes
TDS Outstanding•1 minute
Payment of Tax to the Income Tax Department•5 minutes
Generating TDS Challan (ITNS 281)•3 minutes
TDS Report•1 minute
Challan Reconciliation•5 minutes
Form 26Q•3 minutes
Total Voucher•5 minutes
Payment Details•1 minute
E-Return•1 minute
Form 26Q•6 minutes
TRACES Portal•2 minutes
Changes in TDS rates from 1st April 2021•3 minutes
Conclusion•1 minute
13 readings•Total 449 minutes
Learning Objectives•2 minutes
Introduction to TDS•2 minutes
Basic Concepts of TDS•30 minutes
TDS Process•30 minutes
TDS in Tally•30 minutes
TDS Statutory Masters•10 minutes
Configuration of TDS at Different levels•60 minutes
Recording TDS Compliant Transactions in Tally- Part A•90 minutes
Recording TDS Compliant Transactions in Tally- Part B•90 minutes
TDS Payment to Department•30 minutes
TDS Report•60 minutes
Changes in TDS rates from 1st April 2021•10 minutes
Conclusion•5 minutes
10 assignments•Total 35 minutes
Basic Concepts of TDS•2 minutes
TDS Process•1 minute
TDS in Tally•1 minute
TDS Statutory Masters•2 minutes
Configuration of TDS at Different levels•2 minutes
Recording TDS Compliant Transactions in Tally•4 minutes
TDS Payment to Department•2 minutes
TDS Report•2 minutes
Changes in TDS rates from 1st April 2021•1 minute
Graded Assessment-Tax Deducted at Source (TDS)•18 minutes
Management of Business Data
Module 3•3 hours to complete
Module details
At the end of the module Management of Business Data, you will be able to:
• Export the data in available formats such as XML, Excel, PDF etc.
• Export and Import of data from one company to another company
• Extract the data with the help of Open Database Connectivity (ODBC) feature of Tally
• Print company logo on Vouchers, Invoices & Reports
What's included
11 videos7 readings5 assignments
Show info about module content
11 videos•Total 33 minutes
Learning Objectives•1 minute
Introduction to Management of Business Data•2 minutes
Exporting of data in available formats•4 minutes
Export and Import of Data•1 minute
Export and Import of Masters from one company to another in XML format•7 minutes
Export and Import of Transactions from one company to another in XML format•3 minutes
Exporting Reports to MS Excel•2 minutes
Exporting Reports to PDF•2 minutes
Open Database Connectivity (ODBC)•5 minutes
Printing of Company Logo on Vouchers, Invoices & Reports•6 minutes
Conclusion•1 minute
7 readings•Total 129 minutes
Learning Objectives•2 minutes
Introduction to Management of Business Data•5 minutes
Exporting of data in available formats•10 minutes
Export and Import of Data•60 minutes
Open Database Connectivity (ODBC)•30 minutes
Printing of Company Logo on Vouchers, Invoices & Reports•20 minutes
Conclusion•2 minutes
5 assignments•Total 14 minutes
Exporting of data in available formats•1 minute
Export and Import of Data•2 minutes
Open Database Connectivity (ODBC)•1 minute
Printing of Company Logo on Vouchers, Invoices & Reports•2 minutes
Graded Assessment - Management of Business Data•8 minutes
Moving to the Next Financial Year
Module 4•8 hours to complete
Module details
At the end of the module Moving to the Next Financial Year, you will be able to:
• Export the data from one company to another company
• Demonstrate the meaning and complete process involved in splitting the company data
• Create a new company for maintaining the books of accounts for the new financial year
• Create group company by consolidating the member companies’ data.
• Generate the comparative final accounts reports of multiple companies in a single page.
What's included
9 videos10 readings8 assignments
Show info about module content
9 videos•Total 30 minutes
Learning Objectives•1 minute
Introduction to Moving to the Next Financial Year•2 minutes
Changing Current Period and continue voucher entry in the same company data•3 minutes
Company data handling through Export and Import of data•7 minutes
Split Company Data•6 minutes
Create a new company and maintain books of accounts for the new financial year•2 minutes
Creating Group Company Data•5 minutes
Comparative Final Accounts Reports of Two Companies•3 minutes
Conclusion•1 minute
10 readings•Total 379 minutes
Learning Objectives•12 minutes
Introduction to Moving to the Next Financial Year•5 minutes
Changing Current Period and continue voucher entry in the same company data•10 minutes
Company data handling through Export and Import of data•30 minutes
Split Company Data•30 minutes
Create a new company and maintain books of accounts for the new financial year•10 minutes
Creating Group Company Data•30 minutes
Comparative Final Accounts Reports of Two Companies•10 minutes
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When will I have access to the lectures and assignments?
To access the course materials, assignments and to earn a Certificate, you will need to purchase the Certificate experience when you enroll in a course. 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.