Online Course

Accounts Receivables & Payables Simplified with TallyPrime

Streamline invoicing, track payments, and manage receivables & payables efficiently.

Online Course

Accounts Receivables & Payables Simplified with TallyPrime

Streamline invoicing, track payments, and manage receivables & payables efficiently.

Course Overview

Course language :English

Course Created By :Tally Education

Master Accounts Receivables and Payables management with TallyPrime software which is a user-friendly business solution that makes financial management simple and efficient.

Through hands-on practice, you will learn to:

Master Order to Cash (O2C) and Procure to Pay (P2P) cycles, including credit sales, purchases, and advance payment handling.

Create and manage GST-compliant invoices while setting up customer credit limits and payment terms.

Monitor payment cycles with automated tracking of due dates and outstanding balances.

Generate comprehensive financial reports including Bills Receivable/Payable statements, aging analysis, payment reminders, and account confirmations.

Enroll today to gain industry-ready skills in financial management and boost your career prospects in accounting!

Course Features

Blended Learning Module

The blended learning module combines text-based materials with interactive video content, providing a comprehensive learning experience.

Interactive Learning Materials

Interactive learning materials includes a variety of resources such as explainer videos, tutorial videos, quizzes, and infographics, ensuring an engaging and effective learning journey. Also, access course material for 1 year.

Grading and Assessment

Grading and assessment consists of various question types including multiple choice questions (MCQs), true or false, match the following, and image-based questions.

Verifiable Certificate

The course is designed in accordance with industry-preferred curriculum standards, known as competency frameworks. Upon completion, learners receive a digital certificate verified by Tally.

Tally Prime on Cloud

TallyPrime on Cloud provides learners access to the licensed version of Tally, offering practical insights and enhancing their skills in handling real-world business scenarios.

Access to Tally Job Portal

The Tally Job Portal offers a seamless interface that connects Tally-certified learners with employers, streamlining the hiring process and boosting career prospects in accounting, finance, and business.

Tally Tutor (AI Learning Assistant)

Tally Tutor is an AI-powered learning assistant that instantly answers course-related queries, links learners to relevant chapters, and explains real-world Tally examples, making learning smarter, faster, and more engaging.

What You Will Learn

Introduction of Storage and Classification of Inventory
Creation of Inventory Masters in TallyPrime
Tracking of Movements of Goods in Batches/lots
Price Levels and Price Lists

Introduction of Accounts Receivable and Payable Management
Activation and Maintaining of Bill-wise entries
Specifying of Credit limit for Parties
Splitting of Credit Sale into Multiple Bills
Payment Performance of Debtors
Bills Payable and Receivable Reports in TallyPrime

Introduction to Purchase and Sales Order Management
Purchase Order Processing
Sales Order Processing
Order Outstandings
Re-order Level in Tally Prime
Godown Transfer in Tally Prime

Introduction of Additional Cost of Purchases in Tally Prime
Configuration of Additional Cost of Purchases in Tally Prime

Introduction to Cost/Profit Centres Management
Cost Centre and Cost Categories
Cost Centre Reports

Introduction of Budgets and Scenarios
Creation of Budget in TallyPrime
Recording of Day-to-Day Transactions
Display Budgets and Variances Reports for Group Budget
Scenario Management

Introduction of Generating & Printing Reports
On-the-Fly Reporting
Inventory Reports in Tally Prime
Financial Reports in Tally Prime
Books & Registers in Tally Prime
Printing of Invoice and Report
Save View of Business Reports
Report Filters to Quickly Access Business Information

Your Learning Journey

Frequently Asked Questions

Who should enroll in an Accounts Receivables and Payables Course Online?

This course is ideal for accounting students, finance professionals, business owners, bookkeepers, accounts executives, and anyone looking to develop practical skills in managing receivables and payables.

How will this course help me in my career?

This certification course covers topics on Accounts Receivables & Payables. The content is aligned with current statutory requirements, making it highly preferred in the industry.

Grade	Percentage Score Range
A+	≥ 75%
A	60% – 74%
B	36% – 59%

What is an Accounts Receivables and Payables Course?

An Accounts Receivables and Payables Course teaches learners how to manage customer payments, vendor invoices, outstanding balances, credit transactions, and business cash flow using industry-relevant accounting practices and software tools.

What topics are covered in the course?

The course covers customer invoicing, vendor management, payment tracking, credit control, ageing analysis, accounts reconciliation, cash flow monitoring, outstanding dues management, and accounting workflows using TallyPrime.

How does learning accounts receivable and accounts payable help in finance careers?

Understanding receivables and payables is essential for maintaining healthy cash flow, managing working capital, reducing payment delays, and supporting accurate financial reporting in organisations. For deeper insights into financial reporting, explore How Advanced Accounting Courses Help You Master Financial Statements.

Will I learn how to track outstanding customer payments?

Yes. The course teaches how to monitor overdue invoices, generate receivable reports, follow up on pending payments, and improve collection efficiency.

Does the course include vendor payment management?

Yes. Learners gain practical knowledge of managing supplier invoices, scheduling payments, reconciling vendor accounts, and maintaining accurate payable records.

How does TallyPrime simplify receivables and payables management?

TallyPrime helps automate invoice recording, payment tracking, ledger management, aging reports, and reconciliation processes, making day-to-day accounting operations more efficient. Learn more about How Does Tally Help with Accounts Payable and Receivable?.

What skills can I gain from an AR Receivables and AP Course?

You will develop skills in invoice management, credit monitoring, vendor account reconciliation, payment processing, debtor and creditor analysis, and financial record maintenance.

What career opportunities are available after completing this course?

The course can support careers such as Accounts Executive, Accounts Payable Specialist, Accounts Receivable Executive, Billing Executive, Finance Associate, Bookkeeper, and Accounting Assistant.