Basic Tally Prime | MKCL's KLiC

Course Features:

Language: English
Track: Financial Accounting
Duration: 120 hours
Level: Beginner
Learning Mode: Learn at ALC or Learn Online
Stream: Any Stream
Jurisdiction: Maharashtra
Certificate of Completion

Eligibility

Learner should preferably a std. 10th Pass student (Not Compulsory)
It is desirable that Learner should have done MS-CIT Course (Not Compulsory)

List of ALCs

KLiC Certificate in Basic Tally Prime

Introduction

Basic Tally is one of India's most in-demand practical accounting skills, with TallyPrime being the preferred accounting software across small businesses, trading firms, manufacturing units, and service organizations nationwide. This comprehensive course is designed to take learners from foundational concepts of the marketplace and bookkeeping through to confident, hands-on application of accounting principles using TallyPrime in real business scenarios. Structured as a course spanning 60 sessions, the course follows a progressive learning architecture — each session builds logically upon the previous one.

Session 1 –15 establishes the essential foundations of accounting: understanding the marketplace, financial management, source documents, accounting principles, and an introduction to TallyPrime.
Session 16 - 30 advances learners into the practical maintenance of books of accounts in Tally, covering voucher types, sales and purchase recording, banking operations, and GST configuration.
Session 31 - 45 develops analytical capabilities, covering financial statement analysis, ratio analysis across service, manufacturing and trading organizations, budgets, GST framework, depreciation, working capital, and personal finance.
Session 46-60 applies all learnings through an end-to-end retail business case study, taking learners from business setup through inventory, MSME compliance, GST accounting, and advanced Tally reporting features. Every session is supported by session objectives, applied demonstrations using real business scenarios, and case studies drawn from actual Indian business contexts, ensuring learners are not just conceptually aware but operationally capable of maintaining books of accounts independently.

Objectives of the Course

The primary aim of this course is to equip learners with the full spectrum of accounting competencies using TallyPrime — from understanding the marketplace and foundational bookkeeping through to practical transaction recording, financial analysis, GST compliance, and end-to-end business accounting in real organizational contexts. Upon completion, learners will be capable of independently setting up, maintaining, and reporting on a complete set of books of accounts using TallyPrime.

Foundational Objectives – First 15 Sessions (Understanding the Marketplace)

Understand the concept of a marketplace, types of organizations, and the purpose of maintaining books of accounts, with clarity on the distinction between single entry and double entry systems.
Explain the difference between cash basis and accrual basis of bookkeeping, and identify the reports generated from bookkeeping in a business context.
Describe the meaning and responsibilities of financial management, including sources and uses of funds, working capital cycle, fixed capital, and petty cash management across small, large, and multinational organizations.
Identify and interpret key source documents used in business transactions — including sales invoices, purchase orders, delivery challans, goods received notes, debit notes, credit notes, expense vouchers, and bank reconciliation statements.
Apply the fundamental principles of accounting — including Entity Concept, Going Concern, Matching, Accrual, Prudence, Materiality, and Dual Effect — and distinguish between capital and revenue expenditure and income.
Install TallyPrime, navigate its interface, create a company, and configure F11 features for accounting, inventory, and taxation as required by a business.
Apply the Golden Rules of Accounting to record cash and credit transactions, understand types of accounts, and prepare journal entries and subsidiary books including sales return and purchase return books.
Post transactions to ledgers, prepare a trial balance, and perform ledger scrutiny for expenses, income, assets, and liabilities.
Prepare and interpret financial statements including the Profit and Loss Account, Balance Sheet, Cash Flow Statement, and Notes to Accounts for different types of organizations — sole proprietorship, partnership, trust, company, and bank.
Understand the Indian taxation system including direct taxes, TDS provisions across salary, contractor payments, professional services, commission, rent and interest, TDS compliance, Form 16/16A, and the concept and types of audits.
Manage debtors and creditors — including credit periods, reconciliation statements, bill-wise entries, ledger scrutiny, and the role of credit rating agencies.
Record a complete set of transactions for a packaged food products supplier including salary payments, debtor collections, TDS workings, trial balance preparation, and financial statement generation.
Understand inventory concepts including components, valuation methods, cost sheets, manufacturing accounts, variable and fixed costs, and set up inventory masters in TallyPrime including stock groups, categories, godowns, units of measurement, and stock items.

Intermediate Objectives (Session 16 – 30 — Maintenance of Information in Books of Accounts)

Set up accounting masters in TallyPrime including accounting groups, sub-groups, ledgers, and chart of accounts, and classify transactions correctly for a sole proprietorship and wholesaler business.
Create and manage voucher types in TallyPrime, record vouchers, and understand the relationship between physical books — cash book, journal, ledger, and subsidiary books — and their Tally equivalents.
Generate and interpret key Tally reports including Trial Balance, Balance Sheet, Profit and Loss Report, Income and Expenditure Account, and understand the flow from trial balance to financial statements.
Record purchase and sale transactions using purchase and sales vouchers, handle supporting processes, and distinguish between types of purchases and sales with practical case studies.
Record receipt and payment transactions — cash, bank transfer, and cheque — and prepare Bank Reconciliation Statements for both receipts and payments.
Implement bill-wise entry for sundry debtors and creditors in TallyPrime, track outstanding bills, and manage payments and receipts against specific bill references.
Use contra vouchers for cash deposits and interbank transfers, and record journal vouchers for depreciation, write-offs, provisions, prepaid expenses, reserves, and opening entries.
Understand and apply accounting standards (AS 1–29), IndAS, IFRS, and ICAI publications, and handle foreign exchange transactions including forex market concepts and authorized dealer rules.
Identify banking products, types of loans, and banking documents, and prepare stock statements, debtor statements, and creditor statements for bank submission.
Understand export finance concepts including IEC code, SEZ, EOU, bank guarantees, and relevant government trade portals.
Set up bank ledgers in TallyPrime, record banking vouchers, print cheques, maintain a cheque register, handle post-dated transactions, and perform manual bank reconciliation.
Configure GST in TallyPrime — including party masters, stock item masters, ledger masters — and record intrastate and interstate inward and outward supply transactions.

Analytical Objectives (Session 31 - 45 — Analysis of Books of Accounts)

Prepare and interpret common-size balance sheets and income statements and perform vertical common-size analysis using Tally.
Conduct comparative financial statement analysis and trend analysis for profit and loss of accounts and balance sheets and use exception reports in Tally for corrections.
Calculate and interpret all major categories of financial ratios — profitability, expense, shareholder, liquidity, solvency, and turnover ratios — and apply ratio analysis within Tally.
Perform complete ratio analysis of a service sector organization using the case of LKP Consultants and Apollo Hospitals Enterprise Limited, covering trend analysis, income statement analysis, balance sheet analysis, and business projections.
Perform complete ratio analysis of a manufacturing organization using the case of Nisar Enterprises and Asian Paints Limited, including common-size statements and Tally-based analysis.
Perform complete ratio analysis of a trading organization using the case of Pradnya Food Products, and apply basic Excel skills for grouping expenses, FD registers, workbook management, and fixed asset registers.
Understand budgets — types, preparation, and variance analysis — and configure and track budgets in TallyPrime including account group and ledger budget setup and budget variance reports.
Record and correct complex banking transactions in TallyPrime including advance adjustments, bill references, sales invoice corrections, and goods return corrections.
Understand the complete GST framework in India — evolution, cascading effect, dual GST structure, concept of supply, time of supply, ITC mechanism, registration, composition scheme, applicable rates, and GST returns.
Record and account for all types of GST transactions — intrastate and interstate purchases and sales, service supply, purchase and sales returns — and compute GST tax liability and applicable returns.
Identify and correct common GST errors in TallyPrime — missing configurations, ledger regrouping, inventory setup errors, party master errors, and purchase and sales error corrections.
Account for transactions under the composition scheme, including bill of supply, ITC restrictions, and GST liability computation for composite dealers.
Apply methods of depreciation as per Income Tax Act and Companies Act, record depreciation entries in TallyPrime, and maintain fixed asset schedules.
Understand working capital management — components, turnover ratios, international trade context — and prepare working capital statements for a trading organization.
Apply personal finance concepts including investment avenues, goal setting, compounding, mutual fund ranking, and LIC products.

Applied Objectives (Session 46 – Session 60 — Application of Accounting Principles)

Set up a complete retail business in TallyPrime from scratch — including company creation, F11 feature configuration, ledger setup for sales, purchases, income, expenses, debtors, creditors, voucher types, number series, and point of sales vouchers.
Configure a complete inventory system for a retail business including stock groups, categories, units of measurement, godown setup, stock item creation, multi-master creation, and inventory chart of accounts.
Ensure MSME compliance by setting up MSME data, updating debtor and creditor master's with MSME details, recording business investment, and managing cash and bank accounts with contra transactions.
Record all phases of retail business accounting — business setup expenses, consultancy charges, secured and unsecured loans, purchase of trading and capital goods, petty cash management, and trial balance verification.
Handle debit notes, credit notes, purchase returns, sales returns, rate difference adjustments, sales invoice printing configuration, daybook reports, and sales and purchase register analysis.
Record advanced accounting transactions including advance payments and receipts, part loan payments, stock consumption, and generate financial reports including ratio analysis and dashboard reports in TallyPrime.
Amend Tally data for GST compliance, update masters with GSTIN, record local and interstate GST transactions for both goods and services, handle purchase and sales returns with GST, and generate GSTR1 and GSTR3B reports.
Record year-end adjusting entries including prepaid expenses, outstanding expenses, bad debts, discount rebates, and depreciation, and generate ledger vouchers, confirmation statements, payment advice, and outstanding reports.
Use advanced Tally features including cancelled and deleted vouchers, optional vouchers, cash and fund flow reports, bank reconciliation, account and inventory book registers, exception reports, multi-account printing, and statistics reports.
Apply Tally to a pathology laboratory case study — recording business fund introduction, equipment purchases, rent and deposit, cash and corporate sales, staff salary provisions, and generating financial reports.
Apply Tally to a cash-intensive business case study — recording opening balances, cash purchases, advance receipts, daily cash collections, sales against advances, and generating cash and bank ledger summaries.
Implement bill-wise receivable and payable management — setting up billwise features, recording opening debtors and creditors, tracking new references and against-reference transactions, and generating outstanding reports.
Apply advanced Tally features including security controls, actual vs billed quantity, discount details, voucher classes, multiple address invoice printing, monthly expense provisions, bad debt provisioning, and inventory adjustments.

What you'll learn ?

On successful completion of this course, learners will demonstrate the following competencies:

Knowledge Outcomes

Explain the structure of a marketplace, types of business organizations, and the purpose and methods of maintaining books of accounts including single entry, double entry, cash basis, and accrual basis systems.
Describe the principles of financial management including sources and uses of funds, working capital cycle, fixed capital, and petty cash management across different scales of organizations.
Identify and explain all key source documents used in business transactions and the complete process of accounting from source document to financial statement.
Articulate the fundamental accounting principles and concepts — Entity, Money Measurement, Going Concern, Periodicity, Matching, Accrual, Consistency, Historical Cost, Prudence, Materiality, Realization, and Dual Effect — and their practical application.
Explain the Indian taxation framework including direct taxes, TDS provisions, audit concepts, and the complete GST structure covering dual GST, supply concept, ITC mechanism, registration, composition scheme, and return filing.
Describe the architecture of TallyPrime including company creation, F11 features, gateway of Tally, chart of accounts, voucher types, and the relationship between physical books and their Tally equivalents.
Explain the components of financial statements — Profit and Loss Account, Balance Sheet, Cash Flow Statement, and Notes to Accounts — for different types of organizations.
Describe the tools of financial analysis including common-size statements, comparative statements, trend analysis, and ratio analysis, and identify the appropriate tool for a given business scenario.
Explain the concept of working capital, its components, management strategies, turnover ratios, and the preparation of working capital statements for trading organizations.
Describe depreciation methods as per Income Tax Act and Companies Act, and explain the disclosure requirements in financial statements and notes to accounts.
Explain personal finance concepts including investment avenues, goal setting, the power of compounding, mutual funds, and insurance products.
Describe banking products, types of loans, banking documents, export finance concepts, SEZ, EOU, and the role of RBI in the Indian financial system.

Skill Outcomes

Install and configure TallyPrime, create a company, set up accounting and inventory masters, and navigate all key areas of the software interface confidently.
Record all types of accounting transactions in TallyPrime using appropriate vouchers — payment, receipt, purchase, sales, contra, journal, debit note, and credit note — with accuracy.
Perform bill-wise entry for debtors and creditors, track outstanding receivables and payables, and manage advance payments and receipts against specific bill references.
Prepare and verify Bank Reconciliation Statements in TallyPrime for both cheque receipts and payments, including opening BRS and manual reconciliation.
Configure GST in TallyPrime — party masters, stock item masters, ledger masters — and record intrastate and interstate transactions for goods and services, handle returns, compute tax liability, and generate GSTR1 and GSTR3B reports.
Identify and correct GST errors in TallyPrime including missing configurations, ledger regrouping, inventory setup errors, and purchase and sales error corrections.
Generate and interpret all key Tally reports — Trial Balance, Balance Sheet, Profit and Loss, Cash Flow, Fund Flow, Daybook, Sales Register, Purchase Register, Stock Summary, Outstanding Reports, and Dashboard Reports.
Perform common-size analysis, comparative analysis, and trend analysis of financial statements using both manual methods and Tally's built-in reporting tools.
Calculate and interpret profitability, liquidity, solvency, and turnover ratios for service, manufacturing, and trading organizations, and draw meaningful business conclusions from the analysis.
Prepare budgets, configure budget masters in TallyPrime, record income and expense transactions against budgets, and generate budget variance reports.
Record depreciation entries in TallyPrime, maintain fixed asset schedules, and account for year-end adjusting entries including prepaid expenses, outstanding expenses, bad debts, and provisions.
Set up a complete retail business in TallyPrime from scratch — including all accounting masters, inventory masters, MSME compliance, GST configuration, and advanced voucher features — and maintain a full set of books through to final financial reporting.
Apply advanced TallyPrime features including security controls, optional vouchers, voucher classes, actual vs billed quantity, multiple address printing, inventory adjustments, exception reports, and multi-account printing.

Role / Profile	Competency Achieved
Accounts Assistant	Record day-to-day transactions, maintain ledgers, prepare vouchers, and generate basic financial reports using TallyPrime independently.
Junior Accountant	Maintain complete books of accounts, handle TDS and GST compliance, perform bank reconciliation, and prepare financial statements using TallyPrime.
GST Compliance Executive	Configure GST in Tally, record all types of GST transactions, identify and correct GST errors, compute tax liability, and generate GSTR1 and GSTR3B reports.
Inventory / Stock Executive	Set up and manage inventory masters in TallyPrime, record stock transactions, handle godowns, and generate inventory reports.
Small Business Owner / Entrepreneur	Set up and maintain complete business accounts in TallyPrime, manage debtors and creditors, monitor cash flow, and generate financial and ratio analysis reports.
Banking / Finance Support Staff	Prepare bank statements, stock statements, debtor and creditor statements for bank submission, and handle banking documents and reconciliation.
Financial Analyst (Entry Level)	Perform common-size analysis, comparative analysis, trend analysis, and ratio analysis of financial statements and draw business insights.
Commerce Student / Fresh Graduate	Build job-ready practical accounting skills using TallyPrime, covering the full accounting cycle from source document to financial reporting.

Syllabus

Course Introduction : Course overview, credit structure, learning methodology, practical accounting workflow
Understanding the Marketplace : Goods and services, business transactions, buyers and sellers, market operations
Types of Business Organizations : Sole proprietorship, partnership, company structure, service and trading organizations
Introduction to Bookkeeping : Meaning and importance of bookkeeping, recording business transactions
Cash Basis and Accrual Basis Accounting : Difference between cash and accrual systems, practical business examples
Importance of Maintaining Books : Legal, financial, and managerial importance of accounting records
Types of Books of Accounts : Journal, ledger, cash book, purchase book, sales book
Users of Accounting Information : Owners, managers, investors, banks, government authorities
Introduction to Accounting Reports : Trial balance, profit and loss account, balance sheet overview
Business Transactions and Documentation : Understanding day-to-day transactions and supporting records

Introduction to Financial Management : Meaning, objectives, and importance of financial management
Understanding Assets and Liabilities : Current and fixed assets, short-term and long-term liabilities
Capital and Revenue Concepts : Capital expenditure vs revenue expenditure, business examples
Income and Expenditure : Revenue generation, expenses, profit calculation basics
Profit and Loss Fundamentals : Understanding profitability and business sustainability
Budgeting Concepts : Importance of budgeting, types of budgets, budget planning
Financial Planning Basics : Managing business finances and cash requirements
Business Financial Decisions : Investment decisions, expense control, operational planning
Role of Financial Information : Supporting managerial and operational decisions
Introduction to Financial Statements : Overview of balance sheet and profit and loss statement

Introduction to Source Documents : Meaning and importance of source documents
Types of Source Documents : Invoices, receipts, debit notes, credit notes, vouchers
Purchase and Sales Invoices : Structure and components of invoices
Payment and Receipt Vouchers : Recording payment and receipt transactions
Debit and Credit Notes : Purpose and practical usage in business transactions
Business Transaction Verification : Validating and cross-checking transaction records
Maintaining Documentary Evidence : Filing and preserving accounting records
Errors in Documentation : Common mistakes and correction practices
Importance in Auditing and Compliance : Role of documents in audits and taxation
Practical Examples of Business Documents : Real-world transaction documentation examples

Introduction to Accounting Principles : Basic accounting concepts and standards
Accounting Equation : Assets = Liabilities + Capital
Golden Rules of Accounting : Personal, Real, and Nominal account rules
Debit and Credit Concepts : Understanding debit and credit treatment
Double-Entry System : Recording dual effects of business transactions
Types of Accounts : Personal, real, and nominal accounts
Accounting Standards Overview : Importance of standard accounting practices
Journal Entry Concepts : Structure and recording of journal entries
Balancing of Accounts : Preparing balanced accounting records
Practical Accounting Examples : Business transaction recording examples

Overview of Tally Prime : Introduction, features, and business applications
Importance of Computerized Accounting : Benefits over manual accounting systems
Understanding the Tally Interface : Gateway of Tally, menu structure, navigation
Company Information Screen : Accessing and managing company information
Working with Menus and Options : Navigating accounting and inventory features
Accounting Workflow in Tally : Recording and processing business transactions
Features of Tally Prime : Accounting, inventory, taxation, payroll overview
Keyboard Shortcuts and Navigation : Efficient use of Tally commands
User Interface Customization : Display settings and personalization basics
Introduction to Reports in Tally : Overview of accounting and inventory reports

Introduction to Company Creation : Purpose and importance of company setup
Creating a New Company : Step-by-step company creation process
Company Information Setup : Name, address, financial year, currency setup
Security Controls and Passwords : User access and password protection
Configuring Company Features : Accounting, inventory, and taxation settings
Altering Company Information : Modifying company details and configurations
Deleting Company Data : Safe deletion practices and precautions
Backup and Restore Concepts : Protecting company data and recovery methods
Multi-User Environment Basics : Understanding shared access concepts
Practical Company Setup Exercise : Hands-on company creation practice

Introduction to Business Transactions : Understanding transaction flow in accounting
Introduction to Vouchers : Meaning and role of vouchers in Tally
Types of Accounting Vouchers : Payment, receipt, contra, and journal vouchers
Payment Voucher Entry : Recording cash and bank payments
Receipt Voucher Entry : Recording receipts from customers and others
Contra Voucher : Cash and bank transfer transactions
Journal Voucher Basics : Adjustment and non-cash accounting entries
Voucher Numbering and Narration : Maintaining proper accounting records
Transaction Verification : Checking and validating entries
Practical Voucher Entry Exercises : Hands-on transaction recording practice

Introduction to Ledgers : Meaning and importance of ledgers
Ledger Groups in Tally : Primary and predefined accounting groups
Creating Ledgers : Step-by-step ledger creation process
Posting Transactions to Ledgers : Linking vouchers and ledger accounts
Balancing Ledger Accounts : Debit and credit balancing concepts
Account Classification : Asset, liability, income, and expense accounts
Modifying and Deleting Ledgers : Editing ledger information safely
Practical Ledger Management : Managing multiple business accounts
Common Ledger Errors : Mistakes in posting and correction methods
Hands-on Ledger Exercises : Practical accounting activities

Introduction to Financial Statements : Purpose and importance of financial reports
Trial Balance : Preparing and interpreting trial balance
Profit and Loss Account : Understanding income, expenses, and profitability
Balance Sheet : Assets, liabilities, and capital structure
Cash Flow Overview : Tracking inflow and outflow of cash
Report Interpretation : Reading and understanding accounting reports
Business Performance Analysis : Evaluating profitability and financial health
Financial Reporting in Tally : Accessing and generating reports
Common Reporting Errors : Identifying and correcting report issues
Practical Financial Statement Exercises : Hands-on report analysis activities

Introduction to Taxation : Purpose and importance of taxes
Direct and Indirect Taxes : Types and examples of taxes
GST Fundamentals : Goods and Services Tax overview
GST Terminology : CGST, SGST, IGST, input tax credit
Tax Applicability in Business : Understanding taxable transactions
Tax Components in Invoices : GST calculations and invoice structure
Recording Tax Transactions : Basic GST accounting entries
Tax Reports in Tally : GST-related reports and summaries
Compliance Basics : Importance of tax compliance
Practical GST Transaction Examples : Hands-on taxation exercises

Introduction to Debtors and Creditors : Meaning and role in business accounting
Sundry Debtors : Customer receivables and tracking
Sundry Creditors : Supplier payables and management
Receivables and Payables Management : Managing outstanding amounts
Bill-wise Details : Tracking invoice-wise balances
Aging Analysis Basics : Understanding overdue accounts
Outstanding Reports : Customer and supplier reporting
Payment Follow-up Concepts : Managing collections and dues
Business Credit Management : Maintaining healthy cash flow
Practical Exercises on Outstanding Tracking : Hands-on accounting activities

Business Case Study Introduction : Understanding the packaged food business scenario
Purchase Transactions : Recording purchases from suppliers
Sales Transactions : Customer billing and sales entries
Supplier and Customer Management : Managing party accounts
GST Transaction Recording : Applying GST in practical transactions
Inventory-linked Accounting : Stock and accounting integration
Voucher Entries for Business Operations : Day-to-day transaction handling
Business Expense Recording : Transportation, packaging, and operational expenses
Financial Report Generation : Reviewing business reports and statements
Practical Business Workflow Exercise : End-to-end accounting practice

Introduction to Inventory Management : Importance of stock management
Stock Groups : Creating and managing stock groups
Stock Categories : Categorizing inventory items
Units of Measurement : Defining units for inventory tracking
Godowns and Storage Locations : Managing inventory locations
Inventory Masters : Creating inventory-related masters
Stock Item Creation : Adding products and inventory items
Inventory Classification : Organizing products systematically
Inventory Setup in Tally : Configuring inventory features
Practical Inventory Master Exercises : Hands-on inventory setup activities

Introduction to Inventory Vouchers : Types and usage of inventory vouchers
Inventory Transactions : Recording stock movement entries
Stock Management Workflow : Managing inward and outward stock
Inventory Reports : Stock summary, movement, and valuation reports
Reorder Levels : Maintaining optimum inventory levels
Stock Valuation Methods : FIFO, average costing basics
Stock Transfer Concepts : Managing inventory across locations
Inventory Adjustment Entries : Handling shortages and excess stock
Inventory Analysis : Understanding inventory performance
Practical Inventory Transaction Exercises : Hands-on inventory management practice

Practice Exam

Introduction to Accounting Masters : Meaning and importance of accounting masters
Company Configuration : Setting up accounting features and preferences
Ledger Groups : Primary and secondary groups in Tally
Creating Ledger Masters : Step-by-step ledger creation
Voucher Configuration : Configuring accounting vouchers
Business Setup for Accounting : Preparing company for daily operations
Group Classification : Asset, liability, income, and expense groups
Default and Custom Groups : Understanding predefined and user-defined groups
Accounting Workflow Structure : Organizing business accounting processes
Practical Master Creation Exercises : Hands-on accounting master activities

Introduction to Vouchers : Meaning and role of vouchers
Types of Accounting Vouchers : Payment, receipt, contra, journal, sales, purchase
Voucher Customization : Configuring voucher behavior and numbering
Understanding Chart of Accounts : Structure and purpose of chart of accounts
Ledger Hierarchy : Group-wise organization of accounts
Accounting Classifications : Classification of business transactions
Voucher Entry Workflow : Practical voucher processing
Narration and Reference Handling : Maintaining transaction descriptions
Common Voucher Errors : Error identification and correction
Practical Voucher Exercises : Hands-on transaction recording

Introduction to Reports : Importance of accounting reports
Financial Reports : Trial balance, profit and loss, balance sheet
Inventory Reports : Stock summary and inventory movement
Accounting Statements : Ledger reports and voucher registers
GST Reports : Tax reports and summaries
MIS Reports : Business performance reports
Report Customization : Filters, columns, formatting options
Exporting Reports : PDF, Excel, and print export options
Business Report Interpretation : Understanding report outputs
Practical Reporting Exercises : Generating and analyzing reports

Introduction to Sales and Purchases : Business transaction flow
Sales Voucher Entry : Recording customer sales
Purchase Voucher Entry : Recording supplier purchases
GST Transactions : Applying GST during transactions
Invoice Management : Preparing and maintaining invoices
Bill-wise Accounting : Tracking pending bills and payments
Credit and Cash Transactions : Handling different payment methods
Sales Return and Purchase Return : Managing returned goods
Transaction Verification : Reviewing accounting entries
Practical Sales and Purchase Exercises : Hands-on accounting practice

Introduction to Cash and Bank Transactions : Understanding business cash flow
Receipt Voucher Entry : Recording incoming payments
Payment Voucher Entry : Recording outgoing payments
Contra Voucher Entries : Cash-to-bank and bank-to-cash transfers
Cash Transactions : Managing cash accounting
Bank Transactions : Recording banking activities
Transaction Narration : Maintaining proper descriptions
Voucher Verification : Checking and validating entries
Practical Cash Book Management : Managing cash and bank balances
Hands-on Voucher Exercises : Practical accounting activities

Introduction to Journal Vouchers : Purpose and business usage
Non-Cash Transactions : Understanding adjustment entries
Depreciation Entries : Recording depreciation expenses
Outstanding Expenses : Accrued expense accounting
Accrued Income : Recording earned but unpaid income
Correction Entries : Rectifying accounting mistakes
Adjustment Accounting : Year-end and period-end adjustments
Journal Narration Practices : Maintaining proper descriptions
Verification of Entries : Reviewing adjustment transactions
Practical Journal Exercises : Hands-on journal accounting

Introduction to Banking in Tally : Banking workflow overview
Recording Banking Transactions : Cheque and electronic payment entries
Bank Reconciliation : Matching bank statements with books
Cheque Management : Cheque issue and deposit tracking
Electronic Payments : NEFT, RTGS, and online payment concepts
Banking Reports : Bank book and reconciliation reports
Cash Management : Managing business liquidity
Banking Errors and Corrections : Identifying reconciliation issues
Practical Banking Workflow : Day-to-day banking activities
Hands-on Banking Exercises : Practical reconciliation exercises

GST Configuration in Tally : Enabling GST features
Creating GST Ledgers : Tax ledger setup
GST Voucher Entries : Recording taxable transactions
GST Rates and Tax Structure : Understanding GST calculations
Tax Invoices : GST-compliant invoice preparation
Input Tax Credit : Understanding ITC concepts
GST Reports : Tax summaries and transaction reports
GST Return Overview : Introduction to return filing concepts
GST Compliance Basics : Importance of tax compliance
Practical GST Exercises : Hands-on GST accounting activities

Introduction to Inventory Vouchers : Inventory transaction workflow
Purchase Orders : Creating supplier purchase orders
Sales Orders : Managing customer sales orders
Delivery Notes : Stock dispatch management
Receipt Notes : Stock inward management
Stock Journal Entries : Inventory adjustment and movement
Inventory Tracking : Monitoring stock movement
Stock Reporting : Inventory summary and valuation reports
Inventory Workflow Integration : Linking inventory with accounting
Practical Inventory Exercises : Hands-on stock management activities

Introduction to Payroll : Payroll concepts and business importance
Employee Master Creation : Employee information management
Salary Structure Setup : Defining salary components
Attendance Tracking : Managing attendance and working days
Payroll Voucher Entry : Recording salary transactions
Payroll Reports : Employee and salary reports
Statutory Deduction Basics : PF, ESI, and deduction overview
Salary Processing Workflow : Payroll calculation process
Payroll Compliance Concepts : Basic statutory compliance
Practical Payroll Exercises : Hands-on payroll activities

Introduction to Cost Centres : Purpose and importance
Creating Cost Centres : Department-wise expense tracking
Cost Allocation : Allocating expenses to departments
Budgeting Concepts : Financial planning and budgeting
Budget Creation : Setting business budgets
Variance Analysis : Comparing actual vs budget
Departmental Accounting : Monitoring departmental performance
Budget Reports : Budget analysis and tracking
Cost Management : Expense control techniques
Practical Budgeting Exercises : Hands-on budgeting activities

Introduction to Data Security : Importance of securing business data
User Roles and Permissions : Access control management
Password Protection : Security settings and authentication
Data Backup Procedures : Creating and managing backups
Restore Operations : Recovering company data
Audit Features : Monitoring accounting activities
Company Data Protection : Preventing unauthorized access
Security Best Practices : Safe accounting data handling
Data Recovery Concepts : Managing accidental data loss
Practical Backup Exercises : Hands-on security activities

Introduction to MIS Reports : Role of management reporting
Ratio Analysis : Financial ratio interpretation
Comparative Reports : Comparing business performance
Cash Flow Analysis : Understanding cash movement
Business Performance Tracking : KPI-based reporting concepts
Customized Reporting : Report filters and configurations
Financial Trend Analysis : Analyzing business growth
Exporting and Printing Reports : Report sharing and documentation
Decision Support Reporting : Reports for managerial decisions
Practical MIS Reporting Exercises : Hands-on analytical reporting

Introduction to Business Scenario : Understanding practical business workflow
Transaction Recording : Sales, purchase, receipt, and payment entries
GST Handling : Practical taxation workflow
Inventory Management : Stock and inventory operations
Banking Transactions : Business banking activities
Payroll Processing : Employee salary transactions
Financial Reporting : Generating business reports
Error Detection and Correction : Identifying and resolving mistakes
Business Workflow Integration : End-to-end accounting process
Practical Case Study Implementation : Complete business accounting practice

Practice Exam

Introduction to Advanced Accounting : Advanced accounting concepts and applications
Capital and Revenue Expenditure : Classification and treatment of expenditures
Provisions and Reserves : Meaning, purpose, and accounting treatment
Depreciation Concepts : Methods and importance of depreciation
Accounting Adjustments : Year-end and adjustment accounting
Outstanding and Prepaid Expenses : Expense recognition concepts
Accrued and Unearned Income : Revenue adjustment entries
Rectification of Errors : Identifying and correcting accounting errors
Business Accounting Scenarios : Practical accounting applications
Practical Adjustment Exercises : Hands-on accounting adjustments

GST Transaction Workflow : Tax handling in business accounting
Input Tax Credit : ITC concepts and calculations
GST Invoice Preparation : Creating GST-compliant invoices
GST Reconciliation : Matching tax records and transactions
GST Return Overview : Types of GST returns
Tax Compliance Process : Maintaining statutory compliance
GST Reports : Tax summaries and reconciliation reports
GST Adjustments : Corrections and modifications
Taxation Best Practices : Proper tax accounting methods
Practical GST Compliance Exercises : Hands-on taxation activities

Introduction to Receivables and Payables : Importance in business accounting
Customer Account Management : Managing receivables
Supplier Account Management : Managing payables
Outstanding Tracking : Monitoring pending balances
Bill-wise Adjustments : Matching invoices and payments
Aging Analysis : Tracking overdue accounts
Payment Follow-up Concepts : Managing collections and dues
Credit Control : Managing customer credit
Receivable and Payable Reports : Business tracking reports
Practical Outstanding Management Exercises : Hands-on activities

Introduction to Cash Flow : Importance of liquidity management
Cash Flow Tracking : Monitoring inflows and outflows
Credit Management : Customer credit handling
Payment Scheduling : Managing due dates and payments
Overdue Account Management : Tracking delayed collections
Liquidity Management Basics : Maintaining business cash position
Expense Planning : Managing operational costs
Business Financial Stability : Maintaining healthy finances
Cash Flow Reports : Understanding cash flow statements
Practical Cash Flow Exercises : Hands-on business scenarios

Banking Workflow Overview : Understanding business banking operations
Bank Reconciliation Process : Matching books with bank statements
Cheque Management : Handling issued and received cheques
Electronic Banking Entries : NEFT, RTGS, and digital transactions
Bank Statement Matching : Verifying bank transactions
Reconciliation Reports : Identifying mismatches
Banking Errors and Corrections : Resolving reconciliation issues
Cash and Bank Management : Managing balances and liquidity
Banking Security Practices : Safe banking procedures
Practical Reconciliation Exercises : Hands-on reconciliation practice

Introduction to Inventory Accounting : Role of inventory in accounting
Stock Valuation Methods : FIFO and average costing basics
Inventory Adjustments : Managing stock corrections
Stock Analysis Reports : Inventory performance evaluation
Inventory Costing Concepts : Product costing methods
Stock Movement Tracking : Monitoring inventory flow
Inventory Reporting : Stock summary and valuation reports
Inventory Accounting Entries : Linking stock and accounting
Inventory Management Best Practices : Maintaining accurate stock records
Practical Inventory Exercises : Hands-on inventory accounting

Introduction to Manufacturing Accounting : Manufacturing business workflow
Bill of Materials : Product component structure
Production Entries : Recording manufacturing transactions
Job Costing Basics : Tracking project and production costs
Material Consumption Tracking : Managing raw material usage
Production Reporting : Monitoring manufacturing performance
Cost Allocation : Allocating manufacturing expenses
Manufacturing Inventory Management : Handling production stock
Production Analysis : Evaluating production efficiency
Practical Manufacturing Exercises : Hands-on production accounting

Budget Preparation : Planning financial activities
Budget Allocation : Department-wise budget assignment
Variance Analysis : Comparing actual vs planned values
Cost Control Techniques : Managing and reducing expenses
Expense Monitoring : Tracking operational costs
Departmental Budgeting : Budgeting by business unit
Budget Reports : Reviewing budget performance
Financial Planning : Long-term budgeting concepts
Practical Budgeting Exercises : Hands-on cost management

Employee Master Creation : Employee data setup
Salary Processing : Payroll calculation workflow
Attendance Tracking : Working day and leave management
Statutory Deductions : PF, ESI, and professional tax basics
Payroll Vouchers : Recording salary transactions
Payroll Reports : Employee and payroll analysis
Payroll Compliance : Understanding statutory requirements
Employee Benefits Management : Managing allowances and deductions
Practical Payroll Exercises : Hands-on payroll processing

Business Analysis Reports : Evaluating business performance
Ratio Analysis : Financial performance indicators
Comparative Statements : Comparing business results
Trend Analysis : Understanding business growth
KPI Reporting Concepts : Business performance measurement
Customized Business Reports : Report filtering and formatting
Management Decision Support : Reporting for business planning
Business Reporting Best Practices : Professional reporting methods
Practical MIS Reporting Exercises : Hands-on business analysis

TDS Applicability : Understanding deduction scenarios
TDS Ledger Creation : Setting up TDS accounts
TDS Deduction Entries : Recording tax deductions
TDS Reports : Reviewing deduction summaries
Statutory Compliance Basics : Government compliance requirements
TDS Payment Concepts : Depositing deducted taxes
TDS Documentation : Maintaining tax records
Common TDS Errors : Identifying and correcting mistakes
Practical TDS Exercises : Hands-on deduction accounting

Profitability Analysis : Evaluating business profit
Cost Analysis : Monitoring business expenses
Trend Analysis : Reviewing business growth trends
Financial Indicators : Business performance metrics
Comparative Analysis : Comparing financial results
Decision-Making Reports : Reports for business planning
Operational Efficiency Tracking : Evaluating business operations
Business Improvement Strategies : Improving profitability
Practical Analysis Exercises : Hands-on performance evaluation

Audit Trail Concepts : Tracking accounting activities
Data Verification : Verifying company information
User Activity Monitoring : Monitoring user actions
Company Data Management : Organizing business data
Audit Reports : Reviewing accounting activities
Data Correction Procedures : Rectifying accounting records
Security and Compliance : Maintaining accounting integrity
Backup and Data Protection : Securing company information
Practical Audit Exercises : Hands-on audit activities

Advanced Transaction Recording : Complex accounting entries
Taxation and Compliance Workflow : GST and TDS handling
Payroll and Inventory Integration : Managing multiple business functions
Banking and Reconciliation : Integrated banking operations
Financial Reporting : Generating business analysis reports
Business Error Resolution : Identifying and correcting mistakes
Business Case Study Implementation : Practical business scenario
End-to-End Accounting Process : Complete accounting cycle
Practical Integrated Exercises : Hands-on business accounting

Practice Exam

Accounting Cycle Overview : Recording to reporting process
Transaction Lifecycle : Flow of accounting transactions
Business Documentation : Maintaining accounting records
Workflow Optimization : Improving accounting efficiency
Accounting Accuracy Practices : Error prevention and verification
Accounting Policies : Standard business procedures
Reporting Workflow : Generating business reports
Compliance Requirements : Business and taxation compliance
Practical Workflow Exercises : Hands-on professional accounting activities

Compound Voucher Entries : Multi-account transaction recording
Adjustment Entries : Rectification and correction entries
Voucher Customization : Configuring advanced voucher settings
Automated Voucher Features : Efficient voucher processing
Narration and References : Maintaining detailed transaction history
Voucher Verification : Reviewing accounting entries
Voucher Security Controls : Restricting unauthorized modifications
Business Transaction Scenarios : Practical accounting cases
Hands-on Voucher Exercises : Advanced voucher practice

Trial Balance Review : Verifying accounting balances
Profit and Loss Statement : Revenue and expense analysis
Balance Sheet Preparation : Assets and liabilities presentation
Financial Statement Interpretation : Understanding business performance
Accounting Adjustments : Finalization entries
Business Performance Evaluation : Profitability and stability analysis
Financial Reporting Standards : Proper report presentation
Common Reporting Errors : Identifying reporting mistakes
Practical Financial Reporting Exercises : Hands-on statement preparation

Tax Reports and Analysis : Reviewing taxation reports
GST Return Concepts : Return filing overview
Compliance Monitoring : Maintaining tax compliance
Advanced Tax Entries : Handling complex tax scenarios
Tax Adjustment Entries : Correcting GST transactions
Taxation Best Practices : Professional tax accounting
GST Audit Concepts : Understanding audit requirements
Tax Documentation : Maintaining statutory records
Practical GST Reporting Exercises : Hands-on taxation activities

Recurring Vouchers : Automating repeated transactions
Voucher Classes : Advanced voucher configuration
Automated Calculations : Automatic accounting processes
Workflow Efficiency Tools : Improving productivity
Business Process Optimization : Streamlining operations
Automation Best Practices : Maintaining accuracy and consistency
Data Validation Features : Reducing accounting errors
Automated Reporting : Scheduled and quick reporting
Practical Automation Exercises : Hands-on automation activities

Sales Order Management : Customer order handling
Inventory Planning : Managing stock requirements
Stock Transfer Procedures : Inter-location stock movement
Reorder Management : Maintaining optimal stock levels
Inventory Optimization : Reducing stock shortages and excess
Inventory Tracking Reports : Monitoring inventory movement
Order Processing Workflow : End-to-end order handling
Inventory Integration : Linking inventory and accounting
Practical Inventory Exercises : Hands-on inventory operations

NEFT and RTGS Entries : Electronic fund transfer accounting
UPI Accounting Concepts : Recording digital payments
Cheque Handling Workflow : Managing cheque transactions
Banking Reconciliation : Matching digital transactions
Electronic Banking Reports : Monitoring banking activities
Payment Security Concepts : Safe transaction practices
Digital Transaction Documentation : Maintaining electronic records
Banking Compliance Basics : Regulatory banking practices
Practical Digital Banking Exercises : Hands-on banking activities

Employee Benefits Management : Allowances and deductions
Advanced Salary Structures : Complex payroll configurations
Payroll Compliance Basics : Statutory payroll requirements
Employee Attendance Management : Leave and attendance tracking
Payroll Reporting : Employee and management reports
Payroll Error Correction : Rectifying payroll mistakes
Payroll Documentation : Maintaining salary records
Employee Accounting Best Practices : Efficient payroll operations
Practical Payroll Exercises : Hands-on payroll activities

Profit Centre Management : Evaluating business units
Cost Allocation Methods : Allocating expenses and revenues
Departmental Profitability : Measuring financial performance
Cost Analysis Reports : Expense tracking and analysis
Profitability Indicators : Business performance metrics
Comparative Department Analysis : Comparing operational efficiency
Cost Control Techniques : Managing business expenses
Reporting for Management : Decision-making reports
Practical Cost Centre Exercises : Hands-on profitability analysis

Financial Analytics : Business performance analysis
KPI Tracking : Monitoring key performance indicators
Trend Analysis : Identifying business patterns
Business Insights Generation : Understanding operational performance
Analytical Reporting : Preparing management reports
Decision Support Systems : Supporting strategic planning
Data Interpretation : Reading and understanding business data
Business Forecasting Basics : Future planning concepts
Practical Analytics Exercises : Hands-on business analysis

User Permission Management : Role-based access controls
Data Backup Procedures : Backup and restore workflow
Company Maintenance : Managing company information
Audit and Compliance Controls : Monitoring accounting activities
Data Recovery Methods : Restoring lost information
Security Best Practices : Maintaining system security
Company Administration : Managing accounting environment
Data Integrity Concepts : Maintaining accurate records
Practical Security Exercises : Hands-on backup and security activities

Service Business Accounting : Service industry accounting
Manufacturing Accounting : Production-based accounting
Taxation Workflows : Industry-specific GST handling
Inventory Scenarios : Industry-wise inventory management
Business Documentation : Sector-based transaction records
Industry Reporting Requirements : Reporting for different industries
Practical Business Scenarios : Real-world accounting workflows
Operational Challenges : Industry-specific accounting issues
Hands-on Industry Exercises : Practical business accounting activities

Professional Report Preparation : Business report presentation
Financial Documentation Standards : Maintaining proper records
Report Exporting and Printing : Sharing accounting reports
Documentation Workflow : Organizing business documents
Business Communication Through Reports : Professional reporting practices
Report Formatting Techniques : Improving report readability
Compliance Documentation : Maintaining statutory records
Report Archiving : Preserving accounting information
Business Presentation Standards : Executive-level reporting
Practical Reporting Exercises : Hands-on documentation activities

Business Transaction Recording : Complete accounting workflow
GST and Taxation Handling : Tax compliance implementation
Payroll and Inventory Management : Integrated business operations
Banking and Financial Reporting : Business banking and reports
Error Identification and Resolution : Correcting accounting mistakes
Business Analysis Reporting : Preparing performance reports
End-to-End Accounting Cycle : Full business accounting process
Project Documentation : Preparing final project reports
Final Business Presentation : Presenting accounting implementation

Final Exam

Evaluation Criteria

Evaluation Pattern of KLiC Courses consists of 4 Sections as per below table:

Assessment Type	Count	Marks / Duration	Purpose
In-Session Knowledge Checks	1200+	0.3 marks each / 2 mins per check	Formative: Immediate reinforcement after each learning unit; tests comprehension before proceeding through accounting concepts, voucher handling, taxation, payroll, inventory, banking, and reporting workflows.
Practice Exam	3	30 marks / 60 minutes	Summative: Comprehensive assessment covering bookkeeping, accounting principles, vouchers, GST, inventory management, banking operations, payroll processing, financial reporting, and business accounting workflows.
Final Exam	1	30 marks / 60 minutes	Summative: Comprehensive assessment covering all sessions — MCQ format across advanced accounting, taxation, inventory, payroll, banking, MIS reporting, professional accounting practices, automation, analytics, and integrated business workflows.
Capstone Project	1	Evaluated on rubric	Applied: End-to-end business accounting implementation incorporating transaction recording, GST handling, inventory management, payroll processing, banking operations, financial reporting, reconciliation, and business analysis using Tally Prime — demonstrates full course integration.

MKCL’s KLiC Certificate will be provided to the learner who will satisfy the below criteria:

Learners who have successfully completed above mentioned 3 Sections i.e. Section 1, Section 2 and Section 3
Additionally, learner should have completed Section 4 (i.e. Section 4 will comprise of SUPWs i.e. Socially Useful and Productive Work in form of Assignments)
- Learner has to complete and upload minimum 2 out of 5 Assignments

Certificate

MKCL provides certificate (for 30/60/90 hours courses) to the KLiC learner after his/her successful course completion.

Academic Approach

The Academic Approach of the course focuses on the “work centric” education i.e. begin with work (and not from a book !), derive knowledge from work and apply that knowledge to make the work more wholesome, useful and delightful. The ultimate objective is to empower the Learner to engage in socially useful and productive work. It aims at leading the learner to his/her rewarding career as well as development of the society.

Learning methodology

Learners are given an overview of the course and its connection to life and work.
Learners are then exposed to the specific tool(s) used in the course through the various real-life applications of the tool(s).
Learners are then acquainted with the careers and the hierarchy of roles they can perform at workplaces after attaining increasing levels of mastery over the tool(s).
Learners are then acquainted with the architecture of the tool or Tool Map so as to appreciate various parts of the tool, their functions and their inter-relations.
Learners are then exposed to simple application development methodology by using the tool at the beginner’s level
Learners then perform the differential skills related to the use of the tool to improve the given ready-made outputs.
Learners are then engaged in appreciation of real-life case studies developed by the experts.
Learners are then encouraged to proceed from appreciation to imitation of the experts.
After imitation experience, they are required to improve the expert’s outputs so that they proceed from mere imitation to emulation.
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.

KLiC Courses Fee Structure from 01 July, 2025 Onwards

KLiC 120 hour course fee applicable from 01 July, 2025 all over Maharashtra

KLiC Course Duration	MFO: MKCL Share (Including 18% GST)	ALC Share (Service Charges to be collected by ALC)	MKCL Certificate	YCMOU Marksheet
120 hours (Without YCMOU Marksheet)	Rs. 1,000/-	Rs. 5,000/-	Available	Not Available
120 hours (With YCMOU Marksheet)	Rs. 1,118/-	Rs. 5,000/-	Available	Available

Important Points:
* Above mentioned fee is applicable for all Modes of KLiC Courses offered at Authorised Learning Center (ALC) and at Satellite Center
* Total fee is including of Course fees, Examination fees and Certification fees
* MKCL reserves the right to modify the Fee anytime without any prior notice

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