INVENTORY MASTERS IN TALLY

INVENTORY MASTERS

In newly created company the inventory info menu comprise of four types of masters namely.

1.  Stock Group

2.  Stock Items

3.  Voucher types

4.  Units of Measure

However in order to maintain i) Stock Category ii) Storage Locations or Godowns Activate two features in F11

1.  Maintain stock categories.

2.  Maintain multiple godowns.

Stock Items:-

          Stock items refer to goods in which you deal that is goods that you manufacture or trade (sale and purchase) stock items are important inventory.

Stock Group:-

          Similar to group in accounting masters these providing for the purchase of classification of stock items.

Stock Categories:-

          This feature is required to be activated in F11 like stock group; classification is done on some similar behavior.

Location / Godowns:-

          A place where stock items are stored is referred for as godowns you can specify where the stock items are kept e.g. warehouse shelf or rack etc. Stock report for each godown by activating “maintain multiple godown” in F11 feature.

Units of Measure:-

         While studying inventory, unit of measure is an unavoidable issue. Because, any stock item has to be measured in some specific units for e.g. liquids will be measured in liters, solid will be measured in kg or items or nos or pieces and so on. We have to create a specific unit of measure for whatever type of goods that we stock in our company. We can create two types of units in Tally. Simple & Compound Example of Simple unit is will be kg, pieces etc & examples of Compound units will be ‘1 dozen of 12 pieces, 1 quintal of 100 kg and so on’.  

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