Back Fundamentals of Accounting and Compliances using Tally
Report on the Event:
“Fundamentals of Accounting and Compliances using Tally” The Innovation and Entrepreneurship Development Centre (IEDC) at UC College successfully conducted a one-day workshop titled “Fundamentals of Accounting and Compliances using Tally” on October 19th, 2024, from 9:30 AM to 3:30 PM at the PGN Language Lab. The session was led by Mr. Santhosh H., an expert in accounting systems and Tally software. This workshop aimed to create an effective ecosystem on campus for smooth and systematic management of accounts and office automation processes.
Event Details:
Title: Fundamentals of Accounting and Compliances using Tally
Date: October 19th, 2024
Time: 9:30 AM – 3:30 PM
Venue: PGN Language Lab
Resource Person: Mr. Santhosh. H
Dr. Jibin Jose Mathew, the nodal officer of IEDC, began the session by presenting various opportunities provided by IEDC and Kerala Startup Mission (KSUM) for students, faculty, and office staff to become entrepreneurs. He outlined the importance of mentor support, company registration, and the availability of funds and schemes from KSUM that can help build a strong entrepreneurial ecosystem. Additionally, Dr. Jibin highlighted how Tally software can be used not only by startups but also by office staff who can pursue roles such as company secretaries and GST filing officers, which will benefit both students and the broader community.
Dr. Jibin also emphasized the importance of administrative offices in IEDC and the college, particularly in implementing efficient office automation processes. The Principal Prof. Dr. Mini Alice then spoke about the significance of digital tools like Tally in daily operations and how automation would enhance campus activities. She expressed her best wishes for the program and encouraged IEDC members to lead in implementing office automation initiatives
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Mr. Santhosh H. provided an extensive introduction to Tally software, explaining its relevance in today’s accounting landscape and how it simplifies office processes. He walked the participants through Tally’s features, group types, and practical applications, ensuring they gained hands-on experience in using the software.
The session also covered essential accounting practices and compliance requirements, focusing on startups and small businesses.
Key areas covered in the session included:
Introduction to Accounting Fundamentals
Importance of Accounting for Startups
Introduction to Tally
Compliances for Startups
Practical Applications of Tally in Business
This comprehensive session provided participants with practical insights into accounting, regulatory compliance, and financial management using Tally. It was a valuable experience, equipping students, faculty, and office staff with the tools needed to manage finances effectively and support the entrepreneurial ecosystem on campus.
