Stock Items are mainly purchased and sold on the basis of quantity. The quantity in turn is measured by units. In such cases, it is necessary to create the Unit of Measure. The Units of Measure can either be simple or compound. Examples of simple units are: nos., metres, kilograms, pieces etc.
To create Simple Units of Measure
1. Go to Gateway of Tally > Inventory Info > Units of Measure > Create. The Unit Creation screen is displayed as shown below:
This field will show the Type of Units.
Simple units are nos, pcs, and so on. Compound unit is a combination of two simple units.
By default Tally.ERP 9 will show the Simple unit for creating the unit of measure.
You can select the Compound Units by clicking on that field or by using SHIFT+TAB [cursor will go to the previous field].
2. Define the Symbol of the unit, for example, Nos. This symbol is used in all displays and printouts.
3. Specify the Formal Name of the symbol, for example, Numbers. This formal name is useful during the consolidation of data of different companies, where the symbols might be the same but are assigned to different units. The formal name will be used to match them.
4. In this field you can specify the Number decimal places for the Units from 0 to 4. This field is useful for Units measured in fractions.
For example, Kilogram unit. 1.255 Kgs, here 1 is for Kg and fraction 255 is for gram. For this unit, number of decimal places required is 3
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