ACCOUNTING COURSES

Course Overview:

This course is designed to provide students with hands-on experience in computerized accounting using three widely used accounting software: Peachtree Quantum, QuickBooks Pro, and Tally ERP. By the end of the course, students will have a solid understanding of accounting principles and how to apply them using these software tools for real-world business applications.

Module 1: Introduction to Computerized Accounting (1 Week)

• Overview of Accounting Principles
  • Double-entry accounting
  • Financial statements: Balance Sheet, Income Statement, Cash Flow Statement
• Introduction to Computerized Accounting
  • Importance and advantages
  • Key accounting terminologies
• Introduction to Peachtree Quantum, QuickBooks Pro, and Tally ERP
  • Overview of each software and their features
  • Installation and system requirements

Module 2: Peachtree Quantum (Sage 50) (3 Weeks)

1. Peachtree Interface and Setup
   • Navigating the Peachtree interface
   • Setting up a company and fiscal year
   • Creating a chart of accounts
2. Recording Transactions
   • Entering journal entries
   • Recording sales, purchases, receipts, and payments
   • Managing vendors, customers, and employees
3. Inventory Management
   • Managing inventory, stock levels, and adjustments
   • Creating purchase orders and receiving inventory
4. Banking and Reconciliation
   • Managing bank accounts
   • Reconciling bank statements
5. Financial Reports and Analysis
   • Generating financial reports: Balance Sheet, Income Statement, Trial Balance
   • Customizing reports for analysis

Module 3: QuickBooks Pro (3 Weeks)

1. QuickBooks Interface and Setup
   • Navigating the QuickBooks dashboard
   • Setting up a company file and user preferences
   • Creating a chart of accounts
2. Recording Financial Transactions
   • Entering and managing sales, invoices, receipts, and payments
   • Handling expenses, bills, and credit memos
3. Managing Vendors and Customers
   • Creating customer and vendor profiles
   • Managing accounts receivable and payable
4. Banking and Reconciliation
   • Setting up bank accounts and credit cards
   • Reconciling bank accounts and generating bank reports
5. Inventory and Payroll Management
   • Tracking inventory and managing stock levels
   • Processing payroll and tax liabilities
6. Financial Statements and Reporting
   • Generating standard reports: Profit and Loss, Cash Flow, Trial Balance
   • Creating custom reports and insights

Module 4: Tally ERP (3 Weeks)

1. Tally ERP Interface and Setup
   • Introduction to Tally ERP features and interface
   • Creating a company and configuring company settings
   • Setting up the chart of accounts and fiscal year
2. Voucher Entry and Day-to-Day Transactions
   • Recording different types of vouchers: sales, purchase, receipt, payment, contra, journal
   • Managing ledgers and groups
3. Inventory Management in Tally
   • Setting up stock groups, units, and items
   • Recording inventory purchases and sales
   • Managing stock adjustments
4. Taxation and GST Implementation
   • Implementing tax settings: VAT, GST, TDS
   • Recording GST-compliant transactions and returns
5. Financial Reporting and Reconciliation
   • Generating financial reports: Profit & Loss, Balance Sheet, Trial Balance
   • Performing bank reconciliations
6. Payroll and Employee Management
   • Setting up payroll and salary structure
   • Recording payroll transactions

Module 5: Final Project and Certification (2 Weeks)

1. Practical Case Study (Software Integration)
   • Students will work on a final project involving setting up a company, entering transactions, and generating reports using either Peachtree, QuickBooks, or Tally based on real-life scenarios.
2. Final Assessment
   • Practical examination based on the chosen software
   • Review of generated financial reports
3. Certification
   • Course completion certificate based on successful completion of the final project and exam

Learning Outcomes:

• Proficiency in Peachtree Quantum (Sage 50), QuickBooks Pro, and Tally ERP.
• Ability to manage accounts, record transactions, reconcile bank statements, and generate financial reports.
• Skills in handling inventory, payroll, and taxes using accounting software.
• Real-world knowledge of computerized accounting for businesses.

This course outline covers all essential aspects of computerized accounting, helping students gain both theoretical knowledge and practical skills.