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 • Rcord 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