Tally Biz Pro Advanced GST, TCS, and Financial Management

• In this course, you will learn to:
• Define the concept of Electronic Cash Ledger and explain its use in GST compliance
• Summarize the process of creating and managing E-Credit and E-Liability Ledgers in GST
• Explain the Composition Scheme under GST and identify its application for composite dealers
• Compare TDS and TCS under GST and differentiate their applicability
• Categorize the different TCS-related setups in Tally, including debtor and inventory master configurations
• Diagnose the process of multiple branch GSTIN management and configure GST ledgers accordingly
• Identify the steps involved in managing Advance GST scenarios, including statutory balance adjustments
• Organize the setup and configuration of Price Levels in Tally for various types of outward supplies
• Summarize the Job Work in Order process in Tally and explain how to generate related inventory reports
• Differentiate between Job Work in Order and Job Work Out Order processes in Tally
• Explain the concept of Budget and Scenario Management in Tally and create budget reports
• Examine the Job Costing setup in Tally and analyze job costing transactions and reports
• Define Item Cost Tracking in Tally and identify the steps for tracking purchase and expense transactions

• At the end of this course, learners will be able to:
• Interpret the process of managing Electronic Cash Ledger and E-Cash Ledger Statements
• Illustrate the setup and use of E-Credit Ledger and E-Liability Ledger in GST compliance
• Review the steps involved in GST Liability and ITC comparison for accurate financial reporting
• Examine the composition scheme under GST and its application for composite dealers
• Assess the setup of Party Ledger, Income & Expense Master, and Duty Ledger for composite dealers
• Compare TDS and TCS, and appraise their applicability in different scenarios
• Design the setup of TCS-related configurations in Tally, including debtor and inventory masters
• Verify the GST, TDS, and TCS return processes through case study analysis and reporting
• Develop a multi-branch GST management strategy by configuring multiple GSTINs in Tally
• Construct scenarios for managing advanced GST cases, including statutory balances and slab rates
• Modify and prepare price levels in Tally for different types of outward supplies and analyze price lists
• Create and manage Job Work in Order and Out Order processes in Tally, including material handling
• Formulate budget and scenario management strategies in Tally, including variance reporting
• Develop and appraise job costing and item cost tracking processes to enhance financial accuracy

The academic approach of the course focuses on ‘work-centric’ education. With this hands-on approach, derive knowledge from and while working to make it more wholesome, delightful and useful. The ultimate objective is to empower learners to also engage in socially useful and productive work. It aims at bringing learners closer to their rewarding careers as well as to the development of the community.

• Step 1: Learners are given an overview of the course and its connection to life and work
• Step 2: Learners are exposed to the specific tool(s) used in the course through the various real-life applications of the tool(s).
• Step 3: Learners are acquainted with the careers and the hierarchy of roles they can perform at workplaces after attaining increasing levels of mastery over the tool(s).
• Step 4: Learners are acquainted with the architecture of the tool or tool map so as to appreciate various parts of the tool, their functions, utility and inter-relations.
• Step 5: Learners are exposed to simple application development methodology by using the tool at the beginner’s level.
• Step 6: Learners perform the differential skills related to the use of the tool to improve the given ready-made industry-standard outputs.
• Step 7: Learners are engaged in appreciation of real-life case studies developed by the experts.
• Step 8: Learners are encouraged to proceed from appreciation to imitation of the experts.
• Step 9: After the imitation experience, they are required to improve the expert’s outputs so that they proceed from mere imitation to emulation.
• Step 10: Emulation is taken a level further from working with differential skills towards the visualization and creation of a complete output according to the requirements provided. (Long Assignments)
• Step 11: Understanding the requirements, communicating one’s own thoughts and presenting are important skills required in facing an interview for securing a work order/job. For instilling these skills, learners are presented with various subject-specific technical as well as HR-oriented questions and encouraged to answer them.
• Step 12: Finally, they develop the integral skills involving optimal methods and best practices to produce useful outputs right from scratch, publish them in their ePortfolio and thereby proceed from emulation to self-expression, from self-expression to self-confidence and from self-confidence to self-reliance and self-esteem!