Tally Prime with GST: What an Accounts Fresher Actually Does in Month One

Day to day: entering vouchers

Most of your first weeks will be voucher entry. Every bill, payment and bank transfer becomes a voucher in Tally, and the books are only as good as those entries.

• Sales and purchase vouchers, with the correct GST rate and HSN or SAC code.

• Payment and receipt vouchers for cash and bank transactions.

• Contra vouchers for cash deposits and withdrawals.

• Journal vouchers for adjustments your senior asks you to post.

Ledgers and bank reconciliation

You will create ledgers for new customers and suppliers under the right groups, such as Sundry Debtors and Sundry Creditors. Putting a ledger in the wrong group is one of the most common beginner mistakes, and it shows up later in the balance sheet.

Bank reconciliation means matching the bank statement with your entries in Tally and finding what is missing. It is repetitive, but it is where you learn to spot errors.

GST returns

For a business that files monthly, GSTR-1 reports outward sales and GSTR-3B is the summary return where tax is paid. As a fresher you will usually prepare the data in Tally and check it before a senior files it on the GST portal.

Always check the current due dates on the GST portal, because the government changes them from time to time.

How to prepare

Practise a full month for an imaginary shop: opening balances, twenty to thirty vouchers, a bank reconciliation and the GST reports at the end. Doing one complete cycle teaches more than practising each topic on its own.