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Professional Accountant Training

(using Peachtree, Quick Books and Tally.ERP9)

Peachtree

Introduction 

The rise of computer technology has resulted in a revolutionary impact on how accounting is done. Bulky and manual general ledgers and journal books are a thing of the past. Computerized accounting has made the entire process much simpler and more error-free.

Peachtree is well recognized worldwide as best accounting solution for Business, Government and Non Government organizations worldwide. Accountant’s around the globe prefers and strongly believes Peachtree as true Double Entry Accounting Solution. The program is strongly beneficial for people seeking career as professional Accountant especially accounting students and practicing Accountants. On completion of successful undertaking of training, the trainee will be able to maintain complete set of Accounts of any organization. The course will prepare trainees with the skills needed to professionally manage a computerized accounting operation. Students will also learn best practices for the implementation and use of  Peachtree software.

Potential participants:

·         Finance / Accounts executives

·         People in Bookkeeping / Accounting Jobs

·         Qualified Graduates & Masters seeking Accounting job in Pakistan and Abroad

·         Commerce, Business Administration, IT  and Accounting Students of all levels.

·         Bookkeeping / Accounting /Tax consultants

Course pre-requisites 

Prospected Students / trainees are not required to have any prior product knowledge of Peachtree accounting to attend; however students, should have a basic working knowledge of computing and accounting principles.  

Learning Schedule

·         The Accounting Cycle

·         AIS - Manual & Automated systems

·         Peachtree – Introduction

·         Setting up a company

·         Periods, accounting basis and posting methods

·         Chart of Accounts Overview

·         Opening, deleting and altering a company

·         Data backup and Restore practices

·         Working with chart of accounts

·         Coding techniques – Professional level

·         General Journal Entry

·         Previewing General Journal, General Ledger, Trial Balance, Income Statement & Balance Sheet.

·         Setting Up GL balances

·         Opening, Closing and adjusting entries

·         Depreciation accounting

·         Payroll transactions

·         Monitoring and tracking user access information

·         Year end activity and purging

·         Reverse transactions

·         Memorized transactions

·         Bank Reconciliation statement

·         Editing Income statement & Balance Sheet formats

·         Subsidiary ledger (Manual practice overview)

·         Setting up customer accounts

·         Quotations, Sales orders and Sales Invoicing

·         Receipts against receivables, advances & cash sales receipts

·         Returns, adjustments and bad debts

·         Withholding Tax deductions

·         Sales tax

·         Previewing Customer ledger, Journals and aging reports

·         Setting up vendors

·         Entering purchase orders and vendor bills

·         Payments against payables

·         Payments against advances & cash exp payments

·         Returns and adjustments

·         Previewing vendor ledger and customizing templates

·         Setting up default information

·         Accounting for inventories

·         Periodical

·         Perpetual

·         Costing methods and its application

·         Setting up inventory items

·         Previewing inventory related reports

·         Testing assignment

·         Quick overview : Payroll and Job order costing in Peachtree

·         Quick guide : How to work in QuickBooks and Tally

·         Quick guide : How Peachtree helps in producing manual accounts

 

Quick Book

Course Objective

Accountants and book-keepers continue to be fundamental assets to any business or government agency today. While many routine tasks performed by accounting personnel and auditors have been replaced by automation, employers still needed educated, accomplished professionals who have mastered the software that runs accounting applications. If you’re not up to speed and want to complete, computer accounting classes may be your tickets to hiring and promotions.

 

While many employers may teach you some of their chosen accounting software for their own operations, most expect applicants to have a fundamental understanding of how to use accounting software, how it integrates with business book-keeping, payroll and more.

At the end of the complete training session students / participants/ trainees will have gained the confidence and skills to set up a company as well as deal with  all book-keeping / accounting matters in Automated Accounting Information System Using QuickBooks.

 

Course pre-requisites

Prospected Students / trainees are not required to have any prior product knowledge of Peachtree accounting to attend; however students, should have a basic working knowledge of computing and accounting principles.

 

Course Outline

  • Introduction to Accounting Information Systems
  • The Accounting Cycle
  • Overview of QuickBooks
  • Installation Instructions
  • QuickBooks Interface
  • Creating/Maintaining Companies
  • Understanding Menu’s and Areas
  • Understanding Lists
  • Creating / Maintaining Chart of Accounts
  • Creating / Maintaining Inventory Items
  • Creating / Maintaining Customers
  • Creating / Maintaining Vendors
  • Using General Journal Entry
  • Working with Customers related transactions
    • Creating / Editing / Deleting ----Invoices
    • Receipts from customers
    • Working with Estimates / Quotes
    • Sales orders
    • Sales tax maintenance and applications
    • Credit memo’s
    • Maintaining Item prices
    • Customer Statements
  • Working with Vendors related transactions
    • Purchase orders
    • Entering inventory receipts
    • Entering vendor bills
    • Paying bills
    • Vendor Accounts
  • Bank Reconciliations
  • Year end Journal entries
  • Reporting
    • Journals
    • Trial Balance
    • Income Statement
    • Balance Sheet
    • Statement of Cash Flows
    • Miscellaneous
  • Backing up and Restoring Data
  • Setting up users and Password for closing

 

 

TALLY.ERP 9

 

1.       Basics of Accounting

Types of Accounts, Golden Rules of Accounting, Accounting Principles, Concepts and Conventions, Double Entry System of Book Keeping, Mode of Accounting, Financial Statements, Transactions, Recording Transactions

 

2.   Fundamentals of Tally ERP 9

·    Getting Functional with Tally ERP 9

·    Creation / Setting up of Company in Tally ERP 9

3:   Accounting Masters in Tally ERP 9

·     F11:Features

·    F12 : Configurations

·    Setting up Account Heads

4: Inventory in Tally ERP 9

·    Stock Groups

·    Stock Categories

·    Godowns / Locations

·    Units of Measure

·    Stock Items

·     Creating Inventory Masters for National Traders

5: Voucher Entry in Tally ERP 9

·     Accounting Vouchers

·     Inventory Vouchers

·     Invoicing

6: Advanced Accounting in Tally ERP 9

·     Bill-wise Details

·     Cost Centers and Cost Categories

·     Multiple Currencies

·     Bank Reconciliation

·     Budgets & Controls

·     Scenario Management

7: Advanced Inventory in Tally ERP 9

·     Order Processing

·     Reorder Levels

·     Tracking Numbers

·     Batch-wise Details

·     Additional Cost Details

·     Bill of Materials (BoM)

·     Price Levels and Price Lists

·     Stock Valuation

·     Zero Valued Entries

·     Inventory Ageing Analysis

·     Different Actual and Billed Quantities

8: Value Added Tax (VAT)

·     Configuring VAT in Tally ERP 9

·     Creating Masters

·     Entering Transactions

·     Accounting for Return of Goods

·     Rate Difference in Purchase / Sales

·    VAT Reports

·     VAT for Composite Dealers

9: Point of Sale (PoS)

·    Features of Point of Sale (PoS) in Tally ERP 9

·     Configuring Point of Sale in Tally ERP 9

·     Entering POS Transactions

·     POS Reports

10: Job Costing

·     Configuring Job Costing In Tally ERP 9

·     Creating Masters for Job Costing

·     Recording Transactions

·     Job Costing Reports

11: Technological Advantages of Tally ERP 9

·     Tally Vault

·     Security Control

·     Tally Audit

·    Backup and Restore

·    Split Company Data

·    Export and Import of Data

·    Web Enabled, Print Preview and Online Help

·    Printing of Reports and Cheques

12: Tally.NET and Remote Capabilities

·    Overview of Tally.NET

·    Configure Tally.NET Features

·    Connect Company on Tally.NET

13: Application Management and Controls

·     Concept of Control Centre

·     Installing & Activating Tally ERP 9

14: Tax Deducted at Source

·    Basic concepts of TDS

·     Configuring TDS in Tally ERP 9

·     Creation of Masters

·     Processing Transactions

·     TDS Reports

15: Tax Collected at Source

·    Basic Concepts of TCS

·     Configuring Tally ERP 9 for TCS

·     Creating Masters

·     Entering Transactions

·     TCS Reports

16: Excise for Manufacturers

·     Basic Concepts of Excise Duty

·     Configuring Excise in Tally ERP 9

·     Creation of Masters

·    Processing Transactions

·    Excise Reports

17: Payroll Accounting and Compliance

·     Configuring Payroll in Tally ERP 9

·     Creating Payroll Masters

·     Processing Payroll in Tally ERP 9

·     Accounting for Employer PF Contributions

·     Accounting for Employer ESI Contributions

·    Payment of Professional Tax

·      Generating Payroll Reports

 

Starting From

Timings

Last Date of Registration

Fee

07-12-2017

Mon – Sat

Morning / Evening

05-12-2017

Rs: 13,500-

Per Participant

* 10% Discount for students and groups of two or more

Duration  =          48 Hours

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