Accts / Inventory Info.

Here you can configure the details you want in the masters over and above those provided by fault. You can access the F12: Configure screen from Accounts Masters and Inventory Masters when required. The fields pertaining to both Accounting and Inventory Info. can be configured here.

Go to Gateway of Tally > F12: Configure > Accts/Inventory Info.

Note: Depending upon the Company Features, option gets added in the Master configuration. For instance, if you enable VAT in F11 Statutory Feature, then the option Calculate VAT on MRP/Marginal gets added.

Master Configuration

Allow Aliases along with Names

Set this option to Yes to enter the Alias names in the Master.

Allow Language Aliases along with Names

Set this option to Yes to enter the Alias names in any of the Indic Languages in the Master.

Accounts Masters

Allow Advanced Entries in Masters

Set this option to Yes, to enter some of the advanced information in the Ledger and Group Master. This information will be reflected in the reports.

Use Addresses for Ledger Accounts

Set this option to Yes to enter the Mailing Details in the ledger master. It is useful for a Customer ledger, a Party ledgers or Bank Accounts. Mailing Details like Name, Address, State, PIN Code and PAN / IT No. is entered in this section.

These details will appear in the printed reports.

Use Contact Details for Ledger Accounts

Set this option to Yes to specify the details of Contact person (if any) in the ledger creation screen.

You can specify the details like the Name of the Contact Person, Telephone Number, Fax Number and the E-Mail Id.

Add Notes to Ledger Accounts

Set this option to Yes and a new field to enter Notes appears in the Ledger master. This field allows you to enter any additional information about the ledger.

Note: The Contact Details for the ledgers appear only if Use Addresses for Ledger Accounts is set to Yes.

Inventory Masters

Allow Advanced entries in Masters

Set this option to Yes to specify the behaviour of the Stock Item, in the Stock Item Master. For further details, please refer the section Stock Items.

Use Part Numbers for Stock Items

Set this option to Yes, to enter the Part Numbers of the Stock Item.

Use Description for Stock Items

Set this option to Yes to enter any Description of the Stock Item in the Stock Item Master.

Use Remarks for Stock Items

Set this option to Yes to enter your remarks or comments about the stock Item.

Use Alternate Units for Stock Items

Set this option to Yes to define an Alternate Unit for the Stock Item.

Allow Std. Rates for Stock Items

Set this option to Yes, to specify the Standard Purchase Cost and Standard Sales Price of the Stock Item.

Specify Default Ledger Allocation for Invoicing

Set this option to Yes, to Set or Modify Default Ledgers for Invoicing for the Stock Item.

This allows you to allocate default Sales/Purchase Ledgers which will be credited when a Stock Item is invoiced.

Allow Component list details (Bill of Materials)

Set this option to Yes, to define the Components (BOM) for the Stock Item. For further details, refer to the section Bill of Material.

Use Addresses for Godowns

Set this option to Yes, to enter the godown address in the Godown Master.