Tally. ERP 9 allows users to value stock in different methods. Each stock item can be set up to have a different stock valuation method. There are instances where only a particular method of stock valuation is applicable, for example, to assess the replacement value or saleable value of stock.
There are two valuation methods for Inventory Items:
● Valuation based on Cost of product.
● Valuation based on Market Price of product.
Stock valuation can be calculated using a number of different Costing methods.
● Avg.Cost
● FIFO
● At Zero Price
● Avg. Price
● Last Sales Price
● Std. Price