1.
GST Compliance and Filing
Objective: Create a GST-compliant return filing for a simulated business scenario using
Tally.
Tasks:
o Record sales and purchase transactions with appropriate GST rates.
o Generate GST returns (GSTR-1, GSTR-3B) and reconcile them.
o Identify and rectify errors in GST filing.
2. Inventory Management with Tally
Objective: Optimize inventory management for a business using Tally.
Tasks:
o Set up inventory groups, stock items, and units of measure.
o Record inventory transactions, including purchases, sales, and stock adjustments.
o Generate inventory reports and analyze stock levels, reorder points, and valuation.
3. Tally Customization and Automation
Objective: Develop custom modules or automation scripts in Tally to enhance business
operations.
Tasks:
o Use Tally’s TDL (Tally Definition Language) to create customized reports or
functions.
o Automate repetitive accounting tasks like voucher entry or report generation.
o Present the benefits of these customizations for business efficiency.
4. Financial Statement Analysis using Tally
Objective: Analyze financial statements generated in Tally and provide insights for
business decision-making.
Tasks:
o Generate and interpret Profit & Loss, Balance Sheet, and Cash Flow statements.
o Conduct ratio analysis and provide recommendations for improving financial
health.
o Identify discrepancies in financial data and propose corrective actions.
5. Budgeting and Forecasting in Tally
Objective: Create a budget and perform variance analysis using Tally.
Tasks:
o Set up budgets for different departments or projects in Tally.
o Track actual performance against the budget and analyze variances.
o Present forecasts based on historical data and propose adjustments to the budget.
6. Managing Multi-Branch Accounting with Tally
Objective: Implement and manage accounting for a business with multiple branches
using Tally.
Tasks:
o Set up multiple branch accounts and handle inter-branch transactions.
o Consolidate branch accounts for generating a unified financial report.
o Handle branch-specific GST compliance and inventory management.
7. Handling Payroll in Tally
Objective: Set up and manage payroll for a business using Tally’s payroll features.
Tasks:
o Create employee records and define salary structures.
o Process payroll with applicable deductions, allowances, and taxes.
o Generate payslips, payroll reports, and manage statutory compliance.
8. Project Management and Costing in Tally
Objective: Implement project costing and management within Tally for a business
scenario.
Tasks:
o Create and track project accounts, recording all income and expenses.
o Perform cost allocation across multiple projects.
o Generate project profitability reports and propose cost control measures.
9. Advanced GST Scenarios
Objective: Tackle complex GST scenarios like Reverse Charge Mechanism (RCM),
Input Tax Credit (ITC) reconciliation, and E-way bill management.
Tasks:
o Implement RCM in a business scenario and record appropriate transactions.
o Manage ITC, including tracking, claiming, and reversing credits.
o Simulate E-way bill generation and compliance within Tally.
10. Import & Export Transactions under GST
Objective: Manage accounting and GST compliance for import/export businesses using
Tally.
Tasks:
o Record import/export transactions with applicable GST provisions.
o Calculate and manage customs duties, GST on imports, and export incentives.
o Generate relevant reports for compliance and audit purposes.
