TALLY ERP & PRIME – Aaira Group of Institutes

About Course

📊 Tally Prime & ERP

Tally Prime and Tally ERP are powerful accounting and business management software tools that streamline financial operations, inventory management, taxation, payroll, and reporting processes. Widely used by businesses of all sizes, these tools help users easily and accurately manage day-to-day accounting tasks such as voucher entry, ledger management, balance sheets, GST compliance, and financial auditing.

Mastering Tally empowers individuals with essential computerized accounting skills, enabling them to work efficiently in professional environments, manage organizational finances, and make data-driven decisions. This field opens doors to careers in finance, bookkeeping, auditing, and business administration.

By the end of this course, learners will be able to:
✅ Understand the structure and flow of Final Accounts (Trading, Profit & Loss, and Balance Sheet)
✅ Record, categorize, and analyze business transactions in Tally Prime
✅ Prepare and interpret Trading Accounts to calculate Gross Profit/Loss
✅ Generate Profit & Loss Accounts to evaluate Net Profit/Loss
✅ Draft and understand Balance Sheets to assess financial position
✅ Create and analyze Trial Balance, ensuring accuracy in ledgers
✅ Generate Cash Flow and Fund Flow Statements for financial decision-making
✅ Improve practical accounting skills with real-time Tally Prime examples
✅ Develop confidence to work in real accounting environments or manage business accounts efficiently

Course Content

FINAL ACCOUNT
This module covers the preparation and understanding of Final Accounts using Tally Prime. Final accounts provide a clear financial picture of a business at the end of an accounting period. Through this topic, students will learn how to generate and interpret essential financial reports including:

📘 Trading Account
The Trading Account module introduces students to one of the key components of final accounts. It is used to calculate the gross profit or gross loss of a business during a specific accounting period. In this module, learners will: Understand the purpose and structure of a Trading Account Learn to record opening stock, purchases, sales, direct expenses, and closing stock Identify cost of goods sold (COGS) and how it impacts profitability Generate and view the Trading Account in Tally Prime Analyze gross profit/loss to assess the business’s core trading performance This topic equips students with essential accounting skills, enabling them to evaluate business efficiency and prepare accurate financial reports.

Profit & Loss Account
The Profit & Loss Account (P&L Account) module helps students understand how to calculate the net profit or net loss of a business after accounting for all incomes and expenses. This report provides a clear view of a business's overall financial performance during a specific period. In this module, learners will: Understand the structure and purpose of a Profit & Loss Account Record indirect incomes and indirect expenses using Tally Prime Learn the difference between gross profit and net profit Generate Profit & Loss reports in Tally for various periods Interpret the results to support better financial decision-making This topic is essential for those pursuing careers in accounting, finance, and business management, as it lays the groundwork for analyzing profitability and long-term sustainability.

Balance Sheet
The Balance Sheet provides a snapshot of a business’s financial position at a specific date. It displays the company’s assets, liabilities, and capital, helping to evaluate financial stability and net worth. In this module, students will learn to: Understand the format and components of a Balance Sheet Record and classify assets and liabilities correctly in Tally Prime View real-time Balance Sheet reports Interpret the balance between resources owned and owed Ensure accounting records are accurate and balanced This module is vital for understanding how to assess the solvency and health of a business.

📘 Trial Balance
The Trial Balance is a summary of all ledger balances that helps ensure accuracy in accounting records. It is the first step toward preparing final accounts. In this module, learners will: Understand the layout and purpose of a Trial Balance Generate Trial Balance reports in Tally Prime Detect errors like wrong postings or unbalanced entries Use Trial Balance as a base for Final Accounts preparation Maintain accounting accuracy and integrity An accurate Trial Balance ensures the books are mathematically correct and ready for further financial reporting.

Cash Flow & Fund Flow Statements
These financial reports track the movement of cash and funds in a business, showing how money is generated and spent. In this module, students will: Learn the difference between Cash Flow (actual cash in/out) and Fund Flow (working capital movements) Prepare Cash Flow and Fund Flow Statements in Tally Prime Analyze sources and applications of funds Evaluate liquidity, solvency, and financial efficiency Support strategic planning and financial decision-making These tools are essential for managing business cash cycles and maintaining financial control.

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About Course

📊 Tally Prime & ERP

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