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Stock Item (Kenya)

In Tally.ERP 9, you can create a stock item and define the corresponding details like units of measurement and VAT applicability as required.

To create a stock item

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

2.    Enter the Name of the stock item.

3.    Select the required group in the Under field. If the selected stock group is predefined with tax rate and commodity details, these are applied to the stock item. If Primary is selected, the tax and commodity details specific to the stock item can be defined.

4.    Select the required unit of measurement in Units field.

5.    Set the option VAT Applicable to Applicable.

6.    Enable the option Set/Alter VAT Details. Enable this option if the item is not included in a stock group defined with tax details.

7.    Press Enter to save the stock item creation screen.