https://help.tallysolutions.com/docs/te9rel60/Job_Work/Stock_Item_Scrap_By_products_Co_products.htm

Creating Stock Item (scrap, by-products, co-products)

Each item is required to be accounted for, and receipt or issue needs to be created. In fact, you will create a stock ledger account for each item and Tally calls this account Stock Item.

To create the stock item

1.    Go to Gateway of Tally > Inventory Info. > Stock Items > Create.

2.    In Name field enter the stock item Name. For example, Aluminium Scrap.

3.    Group the stock item Under the stock group Scrap (if stock group is not created use Alt+C from Under field to create the stock group).

4.    In Units field select the applicable unit of measurement. For example, Gm.

5.    Press Enter to save

Scrap - if Excise Applicable

1.    Go to Gateway of Tally > Inventory Info. > Stock Items > Create.

2.    Enter the Stock Item Name, Group, Units, and enable the option Set/alter excise details.

3.    In Excise Details screen select Reporting UOM, enable Set/Alter Duty Details to select the duties applicable for the stock item and select the Stock Item Type - others.

4.    Press Enter to save.