Principles of Accounts Payable and Receivable Management

At the end of the module- storage and classification of inventory you will be able to: Describe inventory management, Explain storage and classification of inventory, Create inventory masters in Tally, Maintain batch-wise details, Purchase and sell the goods using batch wise feature, View the batch reports, Maintain price level and price lists, Revise the price list for different price levels

At the end of the module, Accounts Receivable and Payable Management, you will be able to: Explain accounts payable and receivables, Maintain and activate bill-wise entry in Tally, Describe the usage of bill-wise entry in purchase, sales, payment and receipt vouchers, Manage outstandings by keeping track of receivables and payables, Generate reminder letters and confirmation of accounts, Also, split the single sales bill into multiple bills

At the end of the module, Purchase and Sales Order Management you will be able to: Maintain complete purchase and sales order processing, View the order outstandings reports, Explain Pre-closure of Orders, Maintain Reorder Levels

At the end of the module Tracking Additional Costs of Purchase, you will be able to: Track additional costs of purchase like Packing Cost and Transportation Cost, Record Purchase Transaction with Additional Cost Details in Voucher Mode, Record Purchase Transaction with Additional Cost Details in Item Invoice Mode, Record Debit Note Voucher with Additional Cost

In this module you will learn to: Create and maintain cost centres, Create and maintain the cost categories, View reports relating to cost centres and cost categories, Create and maintain cost centres class, and Generate reports related to cost centre and categories

At the end of the Module Budgets and Scenarios, you will be able to: Explain the meaning and importance of maintaining a budget in an organisation, Create and maintain budgets using Tally, Generate the variance report, Manage and create Scenarios in Tally

At the end of the module Generating and Printing Reports, you will be able to: Analyze and Generate the reports like Stock Query, Godown wise Stock Availability, Stock Summary Analysis and Movement Analysis report, Compare the reports quarterly, Generate Financial Statements, Generate Books and Registers, Take Print of invoice and Reports