Module 1: Accounting Foundations & System Setup

Focus: Understanding accounting + getting started in Tally

• Introduction to accounting principles and concepts (Assets, liabilities, equity, Revenue & expenses)
• Double-entry bookkeeping
• Overview of Tally Accounting ERP
• Creating and configuring a company
• Chart of Accounts (Groups & Ledgers)
• Opening balances setup

Outcome: Create a company and set up ledgers for a small business

Module 2: Voucher Entry & Daily Transactions

Focus: Core accounting operations

• Voucher types: Payment, Receipt, Sales, Purchase, Journal entries.
• Cash vs Credit transactions
• Contra entries
• Discounts, returns, and adjustments

Outcome: Record daily transactions for a trading business

Module 3: Advanced Transactions & Error Handling

Focus: Accuracy and control

• Debit & credit mastery
• Complex journal entries
• Rectification of errors
• Reversing entries
• Credit notes & debit notes
• Audit trail basics

Outcome: Fix errors in a pre-prepared dataset

Module 4: Banking & Reconciliation

Focus: Managing cash flow and banks

• Bank account setup
• Bank vouchers
• Cheque printing & management
• Bank reconciliation process
• Handling discrepancies

Outcome: Perform full bank reconciliation

Module 5: Inventory Management System

Focus: Stock control in business

• Stock groups, categories, and items
• Units of measure
• Inventory vouchers
• Stock valuation (FIFO, Average)
• Tracking stock movement

Outcome: Set up inventory for a retail/wholesale business

Module 6: Taxation (Uganda Context)

Focus: Compliance and tax handling

• Overview of tax systems
• VAT setup and transactions
• Withholding Tax (WHT) basics
• Tax reports generation
• Compliance practices for SMEs

Outcome: Record VAT transactions and generate reports

Module 7:Payroll, Costing & Advanced Features

Focus: Real business operations

• Payroll setup
• Employee management
• Salary processing
• PAYE & NSSF basics
• Cost centers & cost categories
• Budgeting basics

Outcome: Process payroll for a small company

Module 8: Financial Reporting & Final Project

Focus: Decision-making & real-world simulation

• Profit & Loss Account
• Balance Sheet
• Trial Balance
• Cash Flow Statement
• Financial analysis basics
• Exporting reports (Excel, PDF)

Capstone Project

• Set up a complete company
• Record full business transactions
• Perform reconciliation
• Generate and interpret reports
• Present findings like a professional accountant