C O N T E N T S

TallyPrime Book-Rel. 2.1
(Advanced Usage)

(A) Download and Install TallyPrime. Activate License or Migrate your Existing Company.
(B) Migrate Company Data from Tally.Erp 9 to TallyPrime

CHAPTER-1 [COMPANY CREATION ]

1.1. Company Creation:
1.2. Opening (Loading) the Company in TallyPrime:
1.3. Modification | Update | Alter Company Details | Delete Company

CHAPTER-2 [GST SETUP USING TallyPrime]

2.1. Activate GST for Your Company

2.1.1. Activate GST for Regular Dealers
2.1.2. Activate GST for Composition Dealers

CHAPTER-3 [SET-UP OF GROUPS/LEDGERS [Charts of Accounts]

3.1. Account Groups in TallyPrime

3.1.1. Create Account Groups (under Single Group) one-by-one:
3.1.2. Advanced Configurations for Account Groups

3.2. Ledgers in TallyPrime

3.2.1. Creating a Single LEDGER :
3.2.2 Displaying, Altering and Deleting Ledger Accounts
3.2.3. Creating a Current Liabilities / Assets Ledger

Assignment-1

3.2.4. Creating Bank Account Ledgers in TallyPrime

Assignment-2

3.2.5. Creating Party Ledgers (Sundry Debtor / Sundry Creditor)

> Maintain Balances Bill-by-Bill & Default Credit Period (if you require) :
> Define the Default Credit Period:

Assignment-3

3.2.6. Creating GST Ledger ( CGST / SGST / IGST ) under Duty and Taxes Group.

Assignment-4

3.2.7. Creating Sales and Purchase Ledgers for GST Compliance:

I. Creating a Sales Ledger: Sales-GST/IGST (both for Local & Outside State)
II. Creating a Purchase Ledger: Purchase-GST/IGST (both for Local & Outside State).

Assignment-5

3.2.8. Creating Expenses and Income Ledgers without GST Compliance

Assignment-6

3.2.9. Creating Service Ledger with GST Compliance

Assignment-7

3.2.10. Creation of Ledger ‘Rounded off (+/-)’ for rounding the Invoice Value automatically.

CHAPTER-4 [INVENTORY / ITEMS & GOODS / STOCK]

4.1. Creating a Stock Group

4.1.1. Modifying / Deleting a Single Stock Group

Assignment-8

4.2. Creation of Stock Units of Measure

4.2.1. Simple Units of Measure
4.2.2. Compound Units of Measure
4.2.3. Alternation / Deletion of Stock Units

4.3. Creation of Stock Items

4.3.1. Setting GST Details in Stock Item ( Tax On Value)

Assignment-9

4.3.2. Setting Slab-wise GST Details in Stock Item (Tax On Item Rate)
4.3.3. Setting MRP details in Stock Items
4.3.4. Setting ‘Nil-Rated’ , ‘Exempted’, ‘Zero Rated’ & ‘ Non-GST’ Items & Goods using TallyPrime

3.4.4.1. Setting Nil-Rated & Exempted items and Goods :

Assignment-10

4.4.3.2. Setting Non-GST Goods :

CHAPTER- 5 [VOUCHERS in TallyPrime]

5.1. Purchase Voucher (F9)

(A) Local Purchase (within State)
(B) Interstate Purchase (outside State)
(C) Purchase Voucher with some Additional Charges/ Discount etc.

> Creation of Additional Charges Ledger included before GST in Purchase Bill
> Creation of Additional Charges Ledger included after GST in Purchase Bill
> Purchase Bill Voucher with Additional Charges / Discount both before and after GST

Assignment-11

5.1.1. Record Expenses with GST in Purchase Voucher (F9)

Assignment-12

5.1.2. Purchase of Capital Goods with GST in Purchase Voucher (F9)

Assignment-13

5.1.3. Purchase of ‘Nil-Rated’ , ‘Exempted’, Items & Goods using TallyPrime

5.2. Purchase Return / Debit Note Voucher (Alt+F5)

(A) Item Invoice Mode :
(B) Accounting Invoice Mode :

Assignment-14

5.3. Sales Invoice (F8) –

5.3.1. Alter Pre-defined ‘Sale’ Voucher Types in TallyPrime

5.3.1.1. ‘General’ Setting in Voucher Type
5.3.1.2. ‘Printing’ Setting in Voucher Type
5.3.1.3. ‘Name of Class’ Setting in Voucher Type

5.3.2. Voucher Classes for Sale Voucher

5.3.3. Sale Voucher with Item Invoice for GST Compliance

5.3.4. Sale of Goods and Services in a Single Invoice with multiple GST Rate.

5.3.5. GST Sale of a Composite Supply (Sale of Items & Goods with Expenses Apportioning)

5.3.6. Sale of ‘Nil-Rated’ , ‘Exempted’, Supplies using TallyPrime

5.3.7. Ledger to Round-off the Invoice Value Automatically in Sale Invoice.

5.3.8. Zero Valued Entries in Sales Invoice

> Creating Zero Valued Entries ( Sale of Free Product )

5.3.9. Different Actual and Billed Quantities in Sale Invoice

5.3.10. Enable Item Rate (Inclusive of Tax) during Sale

5.3.10.1. Enable Item Rate (Inclusive of Tax) at the time of Item Creation / Alternation mode :
5.3.10.2. Activation of Item Rate Inclusive of Tax in F12: Configuration during Sale Entry.

Assignment-15

5.3.11. Sale Voucher with Accounting Invoice for Service Ledger

(A) Sale Invoice with Service Charges within State (CGST / SGST)

Assignment-16

(B) Sale Invoice with Service Charges Outside State (IGST)

Assignment-17

5.4. Sales Return / Credit Note ( Alt+F6)

(A) Item Invoice Mode
(B) Accounting Invoice Mode

Assignment-18

5.5. Contra Voucher (F4)

(A) Cash Deposit Voucher
(B) Cash Withdrawal Voucher
(C) Fund Transfer Voucher

5.5.1. Voucher Classes for Contra Voucher

(A) For ‘Cash Deposit’ Class under Contra Voucher
(B) For ‘Cash Withdrawal’ Class under Contra Voucher
(C) For ‘Fund Transfer’ Class under Contra Voucher

Assignment-19

5.6. Payment Voucher (F5)

5.6.1. Voucher Classes for Payment & Receipt Voucher

Assignment-20

5.7. Receipt Voucher(F6)

5.7.1. Voucher Classes for Payment & Receipt Voucher

Assignment-21

5.8. Journal Vouchers (F7):

Assignment-22

CHAPTER-6 [GST Reports to File GST Returns]

6.1. GSTR -1 Report in TallyPrime

6.1.1. Return View of GSTR-1

6.1.1.1. Return View Information (GSTR-1 Report)

> Total number of vouchers for the period
> Included in returns.
> Not relevant for returns
> Incomplete/mismatch in information (to be resolved) – GSRT-1

6.1.1.2. Particulars Information (GSTR-1 Report)

1. B2B Invoices – 4A, 4B, 4C, 6B, 6C
2. B2C(Large) Invoices – 5A, 5B
3. B2C(Small) Invoices – 7
4. Credit/Debit Notes (Registered) – 9B
5. Credit/Debit Notes (Unregistered) – 9B
6. Exports Invoices – 6A
7. Tax Liability (Advances received) – 11A(1), 11A(2)
8. Adjustment of Advances – 11B(1), 11B(2)
9. Nil Rated Invoices

> HSN/SAC Summary – 12
> Document Summary – 13

6.1.2. Nature View of GSTR-1 Report
6.1.3. Export GSTR-1 Report from TallyPrime in the JSON Format.

6.2. GSTR -2 Report in TallyPrime

6.2.1. Transaction Summary in GSTR-2 Report

> Total number of vouchers for the period
> Included in Returns. 139
> Not included in returns due to incomplete information
> Not relevant for returns
> Invoices with mismatch in information

6.2.2. Particulars Information (GSTR-2 Report)

1. B2B Invoices – 3, 4A
2. B2BUR Invoices – 4B
3. Import of Services – 4C
4. Import of Goods – 5
5. Credit/Debit Notes Regular – 6C. 141
6. Credit/Debit Notes Unregistered – 6C
7. Nil Rated Invoices – 7
8. Advance Paid – 10A
9. Adjustment of advance – 10B
10. ITC Reversal/Reclaim – 11

> HSN Summary of inward supplies – 13

6.3. GSTR -3B Report in TallyPrime

6.3.1. Return View of GSTR-3B Report

6.3.1.1. Return Summary of GSTR-3B Report

> Total number of vouchers for the period
> Included in returns.
> Not relevant for returns
> Uncertain Transactions (Corrections needed)– GSRT-3B

6.3.1.2. Table Particulars (Computation details) as per GST Format of GSTR-3B Report

6.3.2. Nature View of GSTR-3B Report

6.3.3. Generate GSTR-3B Returns in the JSON Format to File from TallyPrime

> Print GSTR-3B Return in Word Format or File directly on the GST Portal.

6.4. GST Annual Computation Report in TallyPrime

6.4.1. Vouchers Recorded for the Period

6.4.1.1. Resolution of incomplete/incorrect details

6.4.2. Liability, Input Tax Credit, HSN/SAC Summary

CHAPTER-7 [e-Way Bill using TallyPrime]

7.1. Setup e-Way Bill in TallyPrime

7.2. Record invoice with details required for e-Way Bill.

7.3. Step to generate e-Way Bill on the e-Way Bill Portal

7.4. Print the invoice with e-Way Bill number

CHAPTER – 8 [GST on Reverse Charge Mechanism (RCM)]

8.1. Inward Supply of Goods & Service under GST Reverse Charge (RCM)

8.2. Setup for Inward Supply under GST Reverse Charge

(A) Create Unregistered Supply Ledger under Sundry Creditor.
(B) Create Local Expenses Ledger i.e. Freight & Cartage – Local” with 5% GST under RCM
(C) Create Expenses Ledger (IGST) with Reverse Charge Applicable
(D) Create Items and goods as Reverse Charge Applicable

8.3. View Total Tax Liability under GST Reverse Charge (RCM) in GSTR-3B & GSTR-2 Report

8.4. Journal Voucher for Increase of Tax Liability & Input Tax Credit on Purchase under Reverse Charge.

CHAPTER – 9 [GST on Advance Received]

9.1. GST on Advance Received from Customer if Turnover is more than Rs. 1.5 Crores
9.2. Advance Receipt from Customer against Sale of Goods and Services
9.3. Journal Voucher to Raise GST Liability against Advance Received from Customer
9.4. Reversing the GST Liability on Advance Receipt for Sales completed in the same month.

(A) Sales Invoice Linked to an Advance Receipt Voucher

(B) Reverse Tax Liability on Advance Receipt for Sale completed in same month.

CHAPTER – 10 [Order Processing in TallyPrime]

10.1. Purchase Order (Ctrl+F9) Processing in TallyPrime

10.1.1. Receipt Note Voucher (GRN) against Purchase Order
10.1.2. Purchase Voucher against Receipt Note Voucher (GRN)

10.2. Sales Order Processing in TallyPrime

10.2.1. Delivery Note Against Sales Order
10.2.2. Sale Invoice Against Delivery Note

CHAPTER – 11 [Bill of Materials (BoM)]

11.1. Setup Bill of Materials (BOM)
11.2. Creating a Manufacturing Journal

CHAPTER – 12 [Price Levels & Price List]

12.1. Price Levels in TallyPrime

12.1.1. Create Price Levels
12.1.2. Assign Price Levels to Ledger Accounts

12.2. Price List in TallyPrime
12.3. Use Price Levels & Price List during Voucher Entry

CHAPTER – 13 [Cost Centre and Cost Category]

13.1. Creating Cost Category and Cost Centre
13.2. Applying Cost Centres to Ledger Accounts
13.3. Cost Centres Allocation in Voucher Entry

CHAPTER-14 [TDS (Tax Deducted At Source)]

14.1. Enabling TDS in TallyPrime
14.2. Creating TDS Nature of Payment
14.3. Creating Master Ledger with TDS Transaction i.e. Expenses, Party Ledger, TDS Ledger

Step-1: Alter Expenses Ledger i.e. Rent Paid
Step-2: Alter Party Ledger i.e. N. Jatania & Co ( Under Sundry Creditor) as below :
Step-3 : Create TDS Ledger i.e. TDS on Rent
Step-4: TDS Transaction (Accounting for TDS on Expenses)

14.4. TDS on Advance Payment against Expenses
14.5. Recording Payment Transaction (TDS)

CHAPTER-15 [Optional & Non-Accounting Vouchers]

15.1. Memo (Memorandum) Voucher
15.2. Optional Voucher
15.3. Post-dated Voucher
15.4. Reversing Journal
15.5. Physical Stock Voucher (Alt + F10)
15.6. Stock Journal Voucher (Alt+F7)

> Additional Cost on Purchase in Stock Journal :

15.7. Rejection In Voucher (Ctrl+F6)
15.8. Rejection Out Voucher (Alt+F6)

CHAPTER – 16 [REPORTS IN TallyPrime]

16.1. Modifying Reports
16.2. Display Financial Statements in TallyPrime

16.2.1. Balance Sheet in TallyPrime

Set Closing Stock Manually in the Balance Sheet

16.2.2. Profit & Loss Account in TallyPrime
16.2.3. Receipts and Payments Report in TallyPrime
16.2.4. Trial Balance in TallyPrime

16.3. Display Books, Registers and Ledgers

16.3.1. Sales Register Report in TallyPrime

16.3.1.1. Columnar Sales Register
16.3.1.2. Extract of Sales Register

16.3.2. Purchase Register Report in TallyPrime
16.3.3. Cash /Bank Book Report in TallyPrime
16.3.4. Statement of Accounts Report in TallyPrime
16.3.5. Journal Register Report in TallyPrime
16.3.6. Day Book Report in TallyPrime

16.4. Display Inventory Reports and Statements

16.4.1. Stock Summary Report in TallyPrime
16.4.2. Stock Items Report in TallyPrime

> Viewing Stock Item Vouchers

16.4.3. Godown / Location Summary Report in TallyPrime
16.4.4. Movement Analysis Report in TallyPrime

16.4.4.1. Movement Analysis (Stock Group Analysis)
16.4.4.2. Stock Item Movement Analysis
16.4.4.3. Accounts Group Movement Analysis
16.4.4.4. Ledger Movement Analysis
16.4.4.5. Transfer (Movement) Analysis

16.4.5. Stock Ageing Analysis Report in TallyPrime

16.4.5.1. Changing the Default Ageing Period

16.4.6. Sales and Purchase Order Report in TallyPrime

16.5. Display Management Information System(MIS) Reports

16.5.1. Cost Centre Reports
16.5.2. Ratio Analysis Reports
16.5.3. Cash Flow Reports
16.5.4. Funds Flow Statement Reports
16.5.5. Exception Reports

16.5.5.1. Negative Stocks Report
16.5.5.2. Negative Ledgers Report
16.5.5.3. Memorandum Voucher Register Report
16.5.5.4. Reversing Journals Register Report
16.5.5.5. Optional Vouchers Register Report
16.5.5.6. Post Dated Vouchers Register Report

CHAPTER – 17 [OTHER UTILITIES]

17.1. Security Control

17.1.1. Set Password in TallyPrime
17.1.2. Use Security Control

17.1.2.1. Creating Users and Passwords
17.1.2.2. Creating and Setting Up Voucher Type Security for Users

17.1.3. TallyVault Password

17.2. Year-end Processing & Moving Company Data to Next Financial Year

17.2.1. Change Current Period
17.2.2. Create New Company and Import the Opening Balances

> Export closing balances from old company
> Import Masters of closing balances as opening balances in new company

17.3. Splitting Company Data based on Financial Year
17.4. Group Company in TallyPrime

> Creating a Group Company

PRACTICAL ASSIGNMENT with GST using TallyPrime

Assignment-1 [Company Creation]
Assignment-2 [GST Activation]
Assignment-3 [Account Groups Creation]
Assignment-4 [Creating Liabilities / Assets Ledger]
Assignment-5 [Creating Party Ledgers – Sundry Creditor / Sundry Debtor]
Assignment-6 [Creating GST Ledgers – ( IGST / CGST / SGST ) ]
Assignment-7 [Creating Sales & Purchase Ledgers ]
Assignment-8 [Creating Income & Expenses Ledgers ]
Assignment-9 [Creating Stock Group ]
Assignment-10 [Creating Unit of Measurement ]
Assignment-11 [Creating Stock Items / Products / Goods ]
Assignment-12 [Altering Vouchers Class – Sales i.e. GST ]
Assignment-13 [Entering Purchase Voucher ]
Assignment-14 [Entering Purchase Voucher to Record Expenses]
Assignment-15 [Purchase Voucher of Nil-Rated, Exempted Items]
Assignment-16 [Enter Purchase Return / Debit Note Voucher]
Assignment-17 [Enter Sale Voucher]
Assignment-18 [Sale Voucher of Nil-Rated, Exempted Items]
Assignment-19 [Enter Received Voucher]
Assignment-20 [Enter Payment Voucher]
Assignment-21 [Enter Contra Voucher – Cash Deposit, Cash Withdrawal, Fund Transfer]
Assignment-22 [Enter Journal Voucher]
Assignment-23 [Random Voucher Entry Month-wise from May 2020 to September 2020]
MAY – 2022
JUNE – 2022
JULY – 2022
AUGUST – 2022
SEPTEMBER – 2022