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Tally Education and Distribution Services Private Limited
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:
Read more
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:
Read more
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.
Register for this course and see more details by visiting:
OpenCourser.com/course/xoyz94/principles
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What's inside
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
Read more
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
Read more
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what should give you pause and
possible dealbreakers
Provides a comprehensive overview of bookkeeping principles and practices
utilizes Tally to demonstrate concepts, which is industry-standard accounting software
Helps learners develop proficiency in managing accounts receivable and payable
Develops skills in managing costs and profit centers, which are essential for financial management
Teaches how to create and maintain budgets, a crucial skill for financial planning
Provides hands-on experience in generating reports, a valuable skill for data analysis
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Reviews summary
Practical accounts management with tallyprime
According to students, this course provides a highly practical and directly applicable foundation for managing accounts payable and receivable, especially for those in bookkeeping or finance careers. Learners consistently praise the crystal clear TallyPrime demonstrations and the actionable skills gained. Importantly, recent reviews indicate that the Tally sections have been updated, addressing earlier concerns about interface alignment. While most find the course content excellent and logically structured, some suggest a need for more diverse practical exercises and a deeper dive into the theoretical interpretation of financial reports, beyond just the mechanics of generating them in Tally.
Benefits significantly from prior accounting fundamentals, building on previous courses.
"The foundational accounting knowledge from the previous course is definitely a must-have for this one."
"The course flows logically and builds on the previous one perfectly. This is a must for practical bookkeeping skills."
"It's a fantastic next step after the intro accounting course. The reports generation module was particularly useful."
Highly effective for real-world accounts payable and receivable management using Tally.
"This course was incredibly practical and directly applicable to my job. The TallyPrime demonstrations were crystal clear..."
"The practical application of Tally for accounts payable and receivable is invaluable. ...provides immediately actionable skills for accounting professionals."
"The course delivers on its promise to teach AP/AR with Tally. I enjoyed the modules on managing outstanding bills..."
Recent improvements ensure TallyPrime demonstrations are perfectly aligned and clear.
"They seem to have updated the Tally sections, which is great. The demonstrations are now perfectly aligned with TallyPrime..."
"The TallyPrime demonstrations were crystal clear, making complex accounts payable and receivable processes easy to understand..."
"Found this course somewhat dry and difficult to follow. The Tally interface shown was slightly different from my version..."
A desire for additional hands-on exercises and diverse scenarios was noted.
"While the practical application was valuable, I wish there were more exercises for different scenarios."
"More hands-on practice would be great."
"A bit more on handling discrepancies would be a bonus."
Some learners seek deeper theoretical understanding or interpretation alongside software use.
"I found the explanations of financial statements and reports a bit basic. While it shows how to generate them in Tally, I felt it didn't adequately explain *why* certain reports are crucial..."
"The concepts were explained, but I felt a lack of deeper theoretical understanding behind them. More hands-on practice would be great."
"Good for Tally mechanics, less for financial analysis."
Activities
Be better prepared
before
your course. Deepen your understanding
during
and
after
it. Supplement your coursework and achieve mastery of the topics covered
in Principles of Accounts Payable and Receivable Management with these
activities:
Sales transaction recording
Show steps
Practice recording sales transactions in a simulated accounting environment to improve accuracy and understanding.
Show steps
-
Create a sales invoice
-
Enter the transaction details
-
Assign the transaction to a cost center
-
Post the transaction
Case study on accounts payable and receivable management
Show steps
Develop a case study based on a real-world scenario involving accounts payable and receivable management to demonstrate practical applications.
Browse courses on
Case study
Show steps
-
Research the topic thoroughly
-
Identify a suitable case
-
Develop the case study
-
Present or share the case study
Show all two activities
Sales transaction recording
Show steps
Practice recording sales transactions in a simulated accounting environment to improve accuracy and understanding.
Show steps
Show steps
Show steps
- Create a sales invoice
- Enter the transaction details
- Assign the transaction to a cost center
- Post the transaction
Case study on accounts payable and receivable management
Show steps
Develop a case study based on a real-world scenario involving accounts payable and receivable management to demonstrate practical applications.
Browse courses on
Case study
Show steps
Show steps
Show steps
- Research the topic thoroughly
- Identify a suitable case
- Develop the case study
- Present or share the case study
Show all two activities
Career center
Learners who complete Principles of Accounts Payable and Receivable Management will develop knowledge and skills
that may be useful to these careers:
Accountant
Accountant
An Accountant is a professional responsible for recording and maintaining financial information. This course can help build a foundation for a career as an Accountant by teaching the basics of accounts payable and receivable management. The course covers topics such as classifying inventory, managing accounts receivable and accounts payable, and generating reports. These are all essential skills for Accountants.
Accounts Payable Clerk
Accounts Payable Clerk
An Accounts Payable Clerk is responsible for processing and paying invoices. This course can help build a foundation for a career as an Accounts Payable Clerk by teaching the basics of accounts payable management. The course covers topics such as classifying inventory, managing accounts payable, and generating reports. These are all essential skills for Accounts Payable Clerks.
Accounts Receivable Clerk
Accounts Receivable Clerk
An Accounts Receivable Clerk is responsible for processing and collecting invoices. This course can help build a foundation for a career as an Accounts Receivable Clerk by teaching the basics of accounts receivable management. The course covers topics such as classifying inventory, managing accounts receivable, and generating reports. These are all essential skills for Accounts Receivable Clerks.
Bookkeeper
Bookkeeper
A Bookkeeper is responsible for maintaining financial records. This course can help build a foundation for a career as a Bookkeeper by teaching the basics of bookkeeping. The course covers topics such as classifying inventory, managing accounts payable and accounts receivable, and generating reports. These are all essential skills for Bookkeepers.
Budget Analyst
Budget Analyst
A Budget Analyst is responsible for developing and maintaining budgets. This course can help build a foundation for a career as a Budget Analyst by teaching the basics of budget management. The course covers topics such as creating and maintaining budgets, generating variance reports, and managing scenarios. These are all essential skills for Budget Analysts.
Cost Accountant
Cost Accountant
A Cost Accountant is responsible for managing costs. This course can help build a foundation for a career as a Cost Accountant by teaching the basics of cost accounting. The course covers topics such as creating and maintaining cost centers, generating cost reports, and managing scenarios. These are all essential skills for Cost Accountants.
Credit Analyst
Credit Analyst
A Credit Analyst is responsible for assessing the creditworthiness of customers. This course can help build a foundation for a career as a Credit Analyst by teaching the basics of credit analysis. The course covers topics such as managing accounts receivable, generating reports, and assessing the creditworthiness of customers. These are all essential skills for Credit Analysts.
Financial Analyst
Financial Analyst
A Financial Analyst is responsible for analyzing financial data. This course can help build a foundation for a career as a Financial Analyst by teaching the basics of financial analysis. The course covers topics such as generating financial statements, analyzing financial data, and developing financial models. These are all essential skills for Financial Analysts.
Management Accountant
Management Accountant
A Management Accountant is responsible for providing financial information to managers. This course can help build a foundation for a career as a Management Accountant by teaching the basics of management accounting. The course covers topics such as creating and maintaining budgets, generating financial statements, and analyzing financial data. These are all essential skills for Management Accountants.
Payroll Clerk
Payroll Clerk
A Payroll Clerk is responsible for processing payroll. This course can help build a foundation for a career as a Payroll Clerk by teaching the basics of payroll processing. The course covers topics such as managing accounts payable, generating reports, and processing payroll. These are all essential skills for Payroll Clerks.
Purchasing Agent
Purchasing Agent
A Purchasing Agent is responsible for purchasing goods and services. This course can help build a foundation for a career as a Purchasing Agent by teaching the basics of purchasing management. The course covers topics such as managing accounts payable, generating reports, and purchasing goods and services. These are all essential skills for Purchasing Agents.
Staff Accountant
Staff Accountant
A Staff Accountant is responsible for performing accounting tasks. This course can help build a foundation for a career as a Staff Accountant by teaching the basics of accounting. The course covers topics such as classifying inventory, managing accounts payable and accounts receivable, and generating reports. These are all essential skills for Staff Accountants.
Tax Accountant
Tax Accountant
A Tax Accountant is responsible for preparing tax returns. This course can help build a foundation for a career as a Tax Accountant by teaching the basics of tax accounting. The course covers topics such as generating financial statements, analyzing financial data, and preparing tax returns. These are all essential skills for Tax Accountants.
Treasury Analyst
Treasury Analyst
A Treasury Analyst is responsible for managing cash and investments. This course can help build a foundation for a career as a Treasury Analyst by teaching the basics of treasury management. The course covers topics such as generating financial statements, analyzing financial data, and managing cash and investments. These are all essential skills for Treasury Analysts.
Auditor
Auditor
An Auditor is responsible for examining financial records to ensure accuracy and compliance. This course may be useful for Auditors by providing a foundation in accounting and financial management. The course covers topics such as classifying inventory, managing accounts payable and accounts receivable, generating reports, and analyzing financial data. These skills can help Auditors understand the financial implications of their work and improve their ability to detect fraud and errors.
For more career information including salaries, visit:
OpenCourser.com/course/xoyz94/principles
Reading list
We've selected eight books
that we think will supplement your
learning. Use these to
develop background knowledge, enrich your coursework, and gain a
deeper understanding of the topics covered in
Principles of Accounts Payable and Receivable Management .
This textbook introduces students to the basic concepts and managerial issues related to accounts payable and receivable management. It good reference text for this course, especially for beginners.
Provides a clear and concise explanation of financial statements. It is very useful as a background reference text for this course.
This textbook classic in the field of financial accounting. It provides a comprehensive overview of the subject, and it valuable resource for additional reading.
This textbook widely used introductory textbook in managerial accounting. It provides a good overview of the subject, and it can be used as a supplementary text for this course.
Comprehensive guide to using Tally.ERP 9 software. It is somewhat less useful for this course because it is geared towards users with less background in accounting.
More advanced textbook on cost and management accounting. It useful reference for additional reading, but it is not a good choice for beginners.
Comprehensive guide to financial reporting and analysis. It useful reference for additional reading, but it is not a good choice for beginners.
Comprehensive guide to auditing and assurance services. It useful reference for additional reading, but it is not a good choice for beginners.
For more information about how these books relate to this course, visit:
OpenCourser.com/course/xoyz94/principles
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Rating
4.6
Effort
35 hours to complete
Level
Intermediate
Via
Coursera
Institution
Tally Education and Distribution Services Private Limited
Instructor
Tally Education and Distribution Services Private Limited
Language
English
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This course belongs to a
collection
called
Tally Bookkeeper. It's comprised of three courses:
- Principles of Accounts Payable and Receivable Management (viewing)
- Basics of Statutory Compliance and Taxation
- Fundamentals of Accounting and Reporting
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