Tally Prime Learning & Practice Tutorial
Phase 1: Basic Accounting & Company Setup (Days 1-5)
Goal: Understand the software, basic settings, and accounting fundamentals.
1. Getting Started
- Download and install Tally Prime from the official website.
- Open the software, create a company, set your financial year.
2. Create Ledgers & Groups
- Learn difference between Primary and Secondary groups.
- Practice creating ledgers like: Cash, Bank, Capital, Sales, Purchase, Rent.
3. Vouchers
- Practice entering: Payment, Receipt, Contra, Journal Vouchers.
- Try at least 5 transactions for each.
Phase 2: Inventory & Stock Management (Days 6-10)
Goal: Learn how to manage stock items and inventory-related transactions.
1. Inventory Setup
- Create stock groups (e.g. Electronics), units (pcs, kg), and godowns.
- Add stock items with HSN codes & prices.
2. Inventory Vouchers
- Practice Delivery Notes, Receipt Notes, Stock Transfers.
- Record purchase/sale transactions with items.
Phase 3: GST, Taxation & Banking (Days 11-15)
Goal: Learn to handle GST, tax returns, and banking features.
Tally Prime Learning & Practice Tutorial
1. Enable GST
- Gateway > F11 > Enable GST & enter GST details.
- Create GST-ledgers (CGST, SGST, IGST) and assign to transactions.
2. GST Practice
- Make GST-compliant invoices.
- Check GST Reports: GSTR-1, GSTR-3B.
3. Banking
- Create bank accounts.
- Practice bank reconciliation and cheque transactions.
Phase 4: Payroll, Budgets & Costing (Days 16-20)
Goal: Understand payroll, budgeting, and cost center features.
1. Payroll
- Enable payroll, add employee data, define salary structure.
- Record salary payment.
2. Cost Centers & Budgets
- Create departments like Sales, Admin.
- Assign transactions to cost centers and view cost analysis.
Phase 5: Reports, Security, and Final Accounts (Days 21-30)
Goal: Generate financial reports and secure your data.
1. Reports
- Trial Balance, Profit & Loss, Balance Sheet.
- Cash Flow, Fund Flow, Ratio Analysis.
Tally Prime Learning & Practice Tutorial
2. Security
- Create user roles, enable data backup & password protection.
3. Final Project
- Simulate a 1-month dummy business:
- Add 10 sales, 10 purchases, 5 payments, 5 receipts.
- Generate final accounts and GST reports.
Free YouTube Tutorials for Visual Learning
1. Tally Prime Beginner Full Course - Comtech Learning
https://www.youtube.com/watch?v=nX3EusYSlEI
2. Accounts with GST in Tally - Accounts Guruji
https://www.youtube.com/@AccountsGuruji
3. TallyPrime Official Channel
https://www.youtube.com/c/TallySolutions