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Principles of Accounts Payable and Receivable Management

Tally Education via Coursera

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Overview

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This course is for those interested in starting a career in bookkeeping. The course builds on the knowledge and skills covered in the first course in this professional certificate, Fundamentals of Accounting and Reporting, and dives deeper into accounts payable and receivable management. You will not only learn concepts related to accounts payable and receivable, but also demonstrate the basic concepts of computerized accounting using Tally. Tally is a revolutionary product which has been created with greater flexibility and a new look and feel. By the end of the course, you will be able to: - Classify inventory - Manage accounts receivable and accounts payable - Manage purchase and sales orders - Track costs of purchase - Manage cost and profit centers - Create and maintain budgets using TallyPrime - Generate reports No prior experience in bookkeeping is required. To be successful in this course, you should have completed the first course in this program, Fundamentals of Accounting and Reporting, or have the equivalent skills and knowledge.

Syllabus

  • Storage and Classification of Inventory
    • 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
  • Accounts Receivable and Payable Management
    • 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
  • Purchase and Sales Order Management
    • 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
  • Tracking Additional Costs of Purchase
    • 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
  • Cost/Profit Centres Management
    • 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
  • Budgets and Scenarios
    • 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
  • Generating & Printing Reports
    • 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

Taught by

Tally Education Pvt. Ltd

Reviews

3.0 rating, based on 1 Class Central review

4.4 rating at Coursera based on 39 ratings

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  • Anonymous
    I haven't finished the course yet i'm still in week 2 however it just looks like they are promoting their software- "Tally".
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