Online Course

Accounts Receivables & Payables Simplified with TallyPrime

Streamline invoicing, track payments, and manage receivables & payables efficiently.

Course Details

Course Duration:

25 Hrs

Assessment Duration:

60 min

25% Discount 2,025 INR

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Course Overview

Master Accounts Receivables and Payables management with TallyPrime software which is a user-friendly business solution that makes financial management simple and efficient.

Through hands-on practice, you will learn to:

Master Order to Cash (O2C) and Procure to Pay (P2P) cycles, including credit sales, purchases, and advance payment handling.

Create and manage GST-compliant invoices while setting up customer credit limits and payment terms.

Monitor payment cycles with automated tracking of due dates and outstanding balances.

Generate comprehensive financial reports including Bills Receivable/Payable statements, aging analysis, payment reminders, and account confirmations.

Enroll today to gain industry-ready skills in financial management and boost your career prospects in accounting!

Course Features

Blended Learning Module

The blended learning module combines text-based materials with interactive video content, providing a comprehensive learning experience.

Interactive Learning Materials

Interactive learning materials includes a variety of resources such as explainer videos, tutorial videos, quizzes, and infographics, ensuring an engaging and effective learning journey. Also, access course material for 1 year.

Grading and Assessment

Grading and assessment consists of various question types including multiple choice questions (MCQs), true or false, match the following, and image-based questions.

What You Will Learn

Chapter 1: Inventory Storage and Categorization

Introduction of Storage and Classification of Inventory
Creation of Inventory Masters in TallyPrime
Tracking of Movements of Goods in Batches/lots
Price Levels and Price Lists

Chapter 2: Management of Accounts Receivable and Payable

Introduction of Accounts Receivable and Payable Management
Activation and Maintaining of Bill-wise entries
Specifying of Credit limit for Parties
Splitting of Credit Sale into Multiple Bills
Payment Performance of Debtors
Bills Payable and Receivable Reports in TallyPrime

Chapter 3: Order Management for Purchases and Sales

Introduction to Purchase and Sales Order Management
Purchase Order Processing
Sales Order Processing
Order Outstandings
Re-order Level in Tally Prime
Godown Transfer in Tally Prime

Chapter 4: Monitoring Additional Purchase Costs

Introduction of Additional Cost of Purchases in Tally Prime
Configuration of Additional Cost of Purchases in Tally Prime

Chapter 5: Management of Cost/Profit Centres

Introduction to Cost/Profit Centres Management
Cost Centre and Cost Categories
Cost Centre Reports

Chapter 6: Financial Budgets and Projections

Introduction of Budgets and Scenarios
Creation of Budget in TallyPrime
Recording of Day-to-Day Transactions
Display Budgets and Variances Reports for Group Budget
Scenario Management

Chapter 7: Generating and Printing Financial and MIS Reports

Introduction of Generating & Printing Reports
On-the-Fly Reporting
Inventory Reports in Tally Prime
Financial Reports in Tally Prime
Books & Registers in Tally Prime
Printing of Invoice and Report
Save View of Business Reports
Report Filters to Quickly Access Business Information

Shareable Certificate

Frequently Asked Questions

Who should enroll in an Accounts Receivables and Payables Course Online?

This course is ideal for accounting students, finance professionals, business owners, bookkeepers, accounts executives, and anyone looking to develop practical skills in managing receivables and payables.

How will this course help me in my career?

This certification course covers topics on Accounts Receivables & Payables. The content is aligned with current statutory requirements, making it highly preferred in the industry.