Introduction of Inventory in Tally Prime

 

INVENTORY INTRODUCTION

 

Inventory is a list of moveable goods. In Inventory, we study about Stock Management and also know about over remaining stock.

 

Basic Facts under Inventory:-

 

Stock Group

 

In Tally, the stock group is used to help in the classification of stock items according to their behavior. Under stock groups, the stocks can be grouped according to their product type, characteristics, and brand, etc.

 

In Tally, the grouping of stocks enables us to identify and report in a statement as per stock wise.

 

Create Stock Group

Gateway of Tally

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Create

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Inventory Master

Stock Group

Samsung, Mobile, Tv Etc. 

Unit of Measure

Stock items are primarily bought and sold on a quantity basis. Instead the quantity is measured by units. In such cases, it is necessary to create a unit of measurement. 

The units of measurement can be either simple or compound. Examples of simple units are number, meter, kilogram, piece, etc.

Create Unit

Gateway of Tally

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Create

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Inventory Master

Unit

Pcs, Ltr, Nos, Kg Etc. 

Stock Item

Stock items refer to goods that you manufacture or trade. This is the primary inventory unit and the lowest level of information on your inventory. In Tally Prime we need to create a stock item for each inventory item that you want to calculate.

Create Stock Item

Gateway of Tally

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Create

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Inventory Master

Stock Item

Samsung J2, LG 32" LED  Etc. 

Stock Category

This option allows parallel classification of stock items. Like stock groups, stock categories are also classified on the basis of some similar behavior. It enables you to get reports to substitute or substitute stock items.

Create Stock Category

Gateway of Tally

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Create

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Inventory Master

Stock Category

Mouse, Monitor, LED Etc.