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Inventory Only Entry in TallyPrime

Inventory Management in TallyPrime allows you to keep track of your inventory from placing an order for goods with your supplier to getting them delivered. You can keep track of the goods at all stages. You can send a receipt note to your supplier once you receive the goods at your location. You can record the transfer of materials from one location to another and have visibility of what goods and quantity are available with you at all times. You have features that will help you place an order for goods with your supplier when the stock is below the limit that is defined by you.

Inventory only entry in TallyPrime allows you to track the items that you have sent to your customers, send them delivery notes with the goods sent. Record job works vouchers and manufacturing journal that will give you a clear view of what quantity of items and what items were used for manufacturing. You also have the option to record the finished good, co-products, by-products, and scrap that are generated during manufacturing.

Once you know how to enter a transaction in TallyPrime, you can enter any transaction in a similar way. For faster data entry operation you can also use voucher class in TallyPrime.

 

Create Multiple Stock Items | Multi Create

In TallyPrime, you can create multiple stock items on a single screen.

  1. Gateway of Tally > Chart of Accounts > Stock Items > and press Enter.
    Alternatively, press Alt+G (Go To) > type or select Chart of Accounts > Stock Items > and press Enter.
  2. Press Alt+H (Multi-Masters) > select Multi Create.
  3. Select the stock group in the field Under Group.
    When the feature to maintain stock item in batches is enabled in F11 (Features), the field Maintain in batches appears. If you are maintaining your stock items in batches, set this option to Yes. Set the manufacturing and expiry date options as needed.
    1. Select All Items – If you need to assign different stock groups for each stock item that you are creating.
    2. Select an existing stock group – If you are creating multiple stock items under an existing stock group.
    3. Select Create – If you need to create a new stock group under which you will be creating multiple stock items.

      Note: You can add any number of sub-groups to an already created or selected group. The sub-groups inherit the characteristics of the parent groups.
  4. Accept the Multi Stock Item Creation screen. As always, press Ctrl+A to save.

You can use these stock items in transactions.

 

Delete Unused Stock Items

You may want to delete the unused stock items that you do not trade with anymore.

  1. Gateway of Tally > Chart of Accounts > type or select Stock Items > and press Enter.
    Alternatively, press Alt+G (Go To) > type or select List of Accounts > Stock Items.
  2. Press Ctrl+J (Exception Reports) > Show Unused > and press Enter. The unused stock items appear.
  3. Select the stock items to be deleted. To select multiple stock items, press Spacebar and select the required stock items.
  4. Press Alt+D > select Yes to confirm deletion.

The selected stock items will be deleted.

 

Stock Journal

You can keep track of all your stock adjustments using a Stock Journal in TallyPrime. When you have to transfer stock from one location to another, keep track of additional cost or expenses incurred due to transfer of goods, keep track of wastage of goods or need to update the right quantity of goods, you can do all of these using a Stock Journal voucher.

The stock adjustment may be due to the following reasons:

Inter-Location Transfer: This is useful to transfer the goods from one location to another. The quantity of stock remains the same, but the location changes.

  • Additional Cost/Expenses involved in the Transfer of goods: You can also account the additional cost incurred in connection of transfer of materials from one location to another.
  • Accounting for Wastage of stock or shortage of stock: There may be a shortage or wastage of stock items, the quantity may have got changes. In such cases, you have to enter a stock journal to account for the increase or decrease in the Stock Item.

Manufacturing process

If you are involved in the manufacturing process in which raw materials are consumed and finished goods are produced, then you can create a manufacturing Journal Voucher also.

  1. Gateway of Tally > Vouchers > press Alt+F7 (Stock Journal).
    Alternatively, Alt+G (Go To) > Create Voucher > press Alt+F7 (Stock Journal).
    As in case of other vouchers, if you want to change the voucher date, press F2 (Date).
  2. Enter the reference number in Reference No. field, if any.
    • If you do not see this option, press F12 (Configure) > set the option Provide Reference No. and Date as Yes.
    • If you need to use this option only for the current master, press Ctrl+I (More Details) > type or select Provide Reference No. and Date > and press Enter.
      Set Reference No. in Journal Voucher
  3. Under Source (Consumption):
    1. Select the Name of Item which needs to be transferred.
      As in other transactions, you can create the item on the fly by pressing Alt+C. Alternatively, press Alt+G (Go To) >Create Master> type or select Stock Items> press Enter.
    2. Select the Godown from which goods are getting transferred.
      Note: The Location address can be printed in a stock journal voucher.
    3. Enter the quantity of the items that is getting transferred, along with the rate per unit. The amount will appear automatically.
  4. Under Destination (Production):
    1. Select the Name of Item that is being transferred.
      As in other transactions, you can create the item on the fly by pressing Alt+C. Alternatively, press Alt+G (Go To) >Create Master> type or select Stock Items> press Enter.
    2. Select the Godown to which goods are being transferred.
    3. Enter the quantity of the items that is being transferred. The rate and amount will be displayed automatically.
      Note: You can have a different Rate for Source (Consumption) and for Destination (Production) column for the same stock item.
  5. When there are some Additional Cost/Expenses incurred, you can account the same in the Stock Journal.
    After mentioning the quantity, rate and amount under Destination (Production), the Additional Cost Details screen will be displayed. Enter the additional cost/expense incurred.
    If you do not see the Additional Cost Details screen:
    1. Press Alt+G (Go To) > Alter Master > select Voucher Type > Stock Journal.
    2. Set Track Additional Costs for Purchases to Yes.
      Enter Additional Cost Details
      What you see on the screen can vary based on your choices. Press F12 (Configure) to change the options.
  6. Provide Narration, if any and accept the voucher. As always, you can use Ctrl+A to accept.

For F12 Configurations of Stock Journal voucher, click here.

Options

Description

Skip the Date field during voucher creation

By default, the cursor skips the Date field during Voucher creation. If you do not want to skip the date field then set this option to No for faster Voucher entry.

Provide Reference No. and Date

Enable this option to add the voucher reference field in Stock Journal also.

Provide Additional Descriptions for Stock Items

Can Provide the additional description for the stock Item in the transactions

Show message on negative Stock Balance

By default, a warning message is displayed for negative stock balance. If you set it to No, the error message will not be displayed.

Use Expired Batches for Stock items

By default, the expiry batches in the list of active batches during voucher entry are displayed. If you set it to No, expiry batches will not be displayed in the List of Active batches.

Show Batches with Zero Quantity

It will display the zero quantity batches for the stock item

Show Balance as on Voucher Date

By default, the ledger current balance up to last voucher entry date are displayed. If you set it to Yes, it will display the ledger balance up to current voucher entry date

Skip Co-product/By-Product/Scrap details

When the option Skip Co-Product/By-Product/Scrap Stock Item is set to Yes, and while recording a manufacturing journal for a stock item for which the BoM is created by capturing the details of Co-Products/ By-Products /Scrap; then the configuration is ignored and the details of Co-Products/ By-Products /Scrap are captured. You can also modify the details in Co-Products/By-Products/Scrap section.

(For Manufacturing Journals only)

Show Compound Unit based on Rate

Enable this option to show the compound unit of item based on the unit provided in the Rate Per column

Show details of Compound Unit

Enable this option to display details of compound unit in the Quantity field. If Kgs is typed in Rate Per field, the Quantity field will display as12 Kgs.250 gms

 

Stock Journal voucher Class

Stock Journal classes allow you to handle transfers from one location to another, for companies having Multi-Location Inventory and at least two location. Click Stock Journal Voucher Class for more details.

Transfer of materials from one location to another

  1. Gateway of Tally > Vouchers > press Alt+F7 (Stock Journal).
    Alternatively, Alt+G (Go To) > Create Voucher > press Alt+F7 (Stock Journal).
  2. If you want to change the voucher date, press F2.
  3. In the Source (Consumption) section, select the item and the location from where you to transfer the goods.
  4. Specify the Quantity. The Rate and Amount field gets prefilled if you have specified it for the goods selected.
  5. In the Destination (Production) section, select the item and the location to where the goods should be sent.
  6. Provide Narration, if any, and accept the voucher. As always, you can use Ctrl+A to accept.

Delivery Note

It is important to keep track of the goods that you have sent or received from your vendors. It will be a document of proof between you and your vendor that goods are delivered as per order and accepted in good condition to avoid discrepancies during payment. You can record the order information like item details, quantity, delivery address, the location from where the item is being sent, and so on.

  1. Gateway of Tally > Vouchers > press F10 (Other Vouchers) > type or select Delivery Note.
    Alternatively, Alt+G (Go To) > Create Voucher > press F10 (Other Vouchers) > type or select Delivery Note.
    In case the voucher is inactive, you will be prompted to activate the voucher type. Select Yes or press Y to proceed.
  2. If you want to change the voucher date, press F2.
  3. Select the party to whom the goods have to be delivered in the Party A/C name field. Provide the party and order details.
  4. Select the Sales ledger.
    As in other transactions, you can create the ledger on the fly by pressing Alt+C. Alternatively, press Alt+G (Go To) > Create Master > type or select Ledger > and press Enter.
  5. Select the items that are being sent for delivery. Include the item details like, quantity, rate, and any specific location that is used to send the item.
  6. Provide Narration, if any, and accept the voucher. As always, you can use Ctrl+A to accept.

For F12 configurations of Delivery Note voucher, click here.

Options

Description

Provide Buyer details

Enable this option to enter buyer details in the Party Details screen

Provide Dispatch, Order and Export details

Enable this option to view the Party Details screen, when a party ledger is selected during invoice entry. Dispatch details, order details, and buyer’s details can be recorded.

Select common Ledger Account for Item Allocation

Enable this option to allocate all the items selected in the invoice to a common sales or purchase account. If each item in the invoice has to be allocated to different ledger accounts, then this option should be set to No

Provide Additional Descriptions for Ledgers

Enable this option to specify the description for each Ledger selected in the Accounting invoice entries

Provide Additional Descriptions for Stock Items

Enable this option to specify description for each item selected in the invoice

Show message on negative Stock Balance

Enable this option to warn if the item selected reaches a negative balance

Modify all fields during voucher entry

Default order/delivery note entries appearing in the invoice can be changed during invoice entry. Enable this option to permit modification of all fields

Use Expired Batches for Stock items

By default, this option is set to Yes. Disable this option to not include expired batches in the list of batches displayed at the time of entry

Select Cost Center/Class

By default, this option is set to No, Enable this option to select the Cost Center/Class in the Voucher entry

Provide Reference No. and Date

Enable this option to add the voucher reference field in Stock Journal also

Provide Accounting Allocations in Order/Delivery Note

Enable this option for faster data entry at the time of entering sales/purchase invoices against the deliver or receipt notes

Skip the Date field during voucher creation

By default, the cursor skips the Date field during Voucher creation. If you do not want to skip the date field then set this option to No for faster Voucher entry

Show Turnover from selected Party A/c

Enable this option to view the turnover achieved till date with a particular customer

Show Current Balance of Ledgers

By default, the this option is set to yes, it will display ledger current balance up to last Voucher entry

Show Balances as on Voucher date

By default, the ledger current balance up to last voucher entry date are displayed. If you set it to Yes, it will display the ledger balance up to current voucher entry date

Show Compound Unit based on Rate

Enable this option to show the compound unit of item based on the unit provided in the Rate Per column

Show details of Compound Unit

Enable this option to display full details of compound unit in the Quantity field. If Kgs is typed in Rate Per field, the Quantity field will display as12 Kgs.250 gms

Provide Marks or Container No

Enable this option to specify Marks for every item selected in the invoice

Modify MRP in Vouchers

The MRP rate defined in the Stock Item will display in the voucher entry screen, Enable this option to modify the MRP in voucher

Calculate Tax on Current Subtotal

(Else Calculations are on inventory total only)

Enable this option to calculate tax on the current subtotal value and not on inventory total value

Modify Tax Rate details of GST

Enable this option to modify tax details for GST

Modify Tax Rate details for VAT

Enable this option to modify tax details for VAT

Provide Excise details

Enable this option to provide the Excise details

 

Rejection In

A Rejection In voucher is used when goods are rejected or returned by the customer. The transaction is recorded after raising a delivery note, but before raising a sales voucher. Refer to Rejections In for more information.

Receipt Note

When you purchase goods from your supplier, and the supplier sends these goods to you, you may want to acknowledge that you have received the goods that you had requested. To account for this, you can record a receipt voucher in TallyPrime. The receipt note includes your supplier information, goods that you have received, amount, and so on. Receipt Note voucher keeps track of receipt of goods at your location.

  1. Gateway of Tally > Vouchers > press F10 (Other Vouchers) > type or select Receipt Note.
    Alternatively, Alt+G (Go To) > Create Voucher > press F10 (Other Vouchers) > type or select Receipt Note.
    In case the voucher is inactive, you will be prompted to activate the voucher type. Select Yes or press Y to proceed.
  2. If you want to change the voucher date, press F2.
  3. Enter the Reference No. and Date.
  4. Select the party from whom you have received the goods and the respective purchase ledger.
  5. Select Order No(s) from the List of Orders, if a purchase order exists for that supplier.
    If the Order No(s) is selected, the item name, quantity, rate and amount will be displayed automatically.
  6. Enter the required information in the Party Details screen.
  7. Press F12 (Configuration) and set the options Provide Supplier details and Provide Receipt, Order, and Import details to Yes to provide the supplier details.
    If you need to use this option only for the current voucher, press Ctrl+I (More Details) > type or select Order details> and press Enter.
  8. Press Ctrl+A to accept and return to the voucher screen.
  9. The Stock Item Allocations screen appears, Select existing Tracking No. or create a new tracking number.
    Note: A Receipt Note with Tracking No. marked as Not Applicable will be an inventory document, affecting only the inventory values. This will not affect the accounts.
    A purchase voucher with Tracking No. marked as Not Applicable will update the accounts without increasing the stock. The Purchase Bills Pending list is generated as Bills Recd. but Goods not Recd.
  10. Select the items and include the item details like quantity, rate, and any specific location.
  11. Provide Narration, if any, and accept the voucher. As always, you can use Ctrl+A to accept.

For the F12 configurations of Receipt Note voucher, click here.

Options

Description

Provide Supplier details

Enable this option to enter supplier details in the Party Details screen

Provide Receipt, Order and Import details

Enable this option to view the Party Details screen, when a party ledger is selected during invoice entry. Receipt details, order details, and Import details can be recorded

Select common Ledger Account for Item Allocation

Enable this option to allocate all the items selected in the invoice to a common sales or purchase account. If each item in the invoice has to be allocated to different ledger accounts, then this option should be set to No

Provide Additional Descriptions for Ledgers

Enable this option to specify the description for each Ledger selected in the Accounting invoice entries

Provide Additional Descriptions for Stock Items

Enable this option to specify description for each item selected in the invoice

Show message on negative Stock Balance

Enable this option to warn if the item selected reaches a negative balance

Modify all fields during voucher entry

Default order/delivery note entries appearing in the invoice can be changed during invoice entry. Enable this option to permit modification of all fields.

Use Expired Batches for Stock items

By default, this option is set to Yes. Disable this option to not include expired batches in the list of batches displayed at the time of entry

Select Cost Center/Class

By default, this option is set to No, Enable this option to select the Cost Center/Class in the Voucher entry

Provide Reference No. and Date

Enable this option to add the voucher reference field in Stock Journal also

Provide Accounting Allocations in Order/Receipt Note

Enable this option for faster data entry at the time of entering sales/purchase invoices against the delivery or receipt notes

Skip the Date field during voucher creation

By default, the cursor skips the Date field during Voucher creation. If you do not want to skip the date field then set this option to No for faster Voucher entry

Show Turnover from selected Party A/c

Enable this option to view the turnover achieved till date with a particular customer

Show Current Balance of Ledgers

By default, the this option is set to yes, it will display ledger current balance up to last Voucher entry

Show Balances as on Voucher date

By default, the ledger current balance up to last voucher entry date are displayed. If you set it to Yes, it will display the ledger balance up to current voucher entry date

Show Compound Unit based on Rate

Enable this option to show the compound unit of item based on the unit provided in the Rate Per column

Show details of Compound Unit

Enable this option to display full details of compound unit in the Quantity field. If Kgs is typed in Rate Per field, the Quantity field will display as12 Kgs.250 gms

Provide Marks or Container No

Enable this option to specify Marks for every item selected in the invoice

Modify MRP in Vouchers

The MRP rate defined in the Stock Item will display in the voucher entry screen, Enable this option to modify the MRP in voucher

Calculate Tax on Current Subtotal

(Else Calculations are on inventory total only)

Enable this option to calculate tax on the current subtotal value and not on inventory total value

Modify Tax Rate details of GST

Enable this option to modify tax details for GST

Modify Tax Rate details for VAT

Enable this option to modify tax details for VAT

Provide Excise details

Enable this option to provide the Excise details

 

Rejection Out

The Rejections Out Voucher records goods that are rejected and returned to a supplier.

Physical Verification

When there are differences in the actual stock available at your location and the stock that is displayed in your company books, you can record a Physical Stock voucher. The physical stock voucher will reflect the stock that is actually available for use or sale for your business.

  1. Gateway of Tally > Vouchers > press Ctrl+F7 (Physical Stock).
    Alternatively, Alt+G (Go To) > Create Voucher > press Ctrl+F7 (Physical Stock).
  2. If you want to change the voucher date, press F2 for stock taking date.
  3. Select the stock item and location.
    As in other transactions, you can create the item or location on the fly by pressing Alt+C. Alternatively, press Alt+G (Go To) > Create Master > type or select Stock Item > and press Enter.
  4. Select the Batch number (Batch details will appear only if, Batch wise details are activated in the Stock Item Master screen) for which the Physical Stock quantity is to be recorded.
  5. Enter the Physical Stock quantity. The item quantity will be updated in your company books with the details that you record in this voucher.
  6. Provide Narration, if any, and accept the voucher. As always, you can use Ctrl+A to accept.

For F12 configurations of Physical Stock voucher, click here.

Options

Description

Skip the Date field during voucher creation

By default, the cursor skips the Date field during Voucher creation. If you do not want to skip the date field then set this option to No for faster Voucher entry

Provide Additional Descriptions for Stock Items

Provide the additional description for the stock Item in the transactions

 

Material In

When you receive the raw material from your customers for job works, you can keep track of the goods received using Material In voucher. Refer to Material In for more information.

Record Material In voucher

  1. Gateway of Tally > Vouchers > press F10 (Other Vouchers) > type or select Material In.
    Alternatively, Alt+G (Go To) > Create Voucher > press F10 (Other Vouchers) > type or select Material In.
    In case the voucher is inactive, you will be prompted to activate the voucher type. Select Yes or press Y to proceed.
  2. Select the supplier’s (Job Worker)/customer’s (Principal Company) name as the Party A/c Name. The Party Details screen appears.
  3. Select the required Order No(s) and provide the other details. 
    As always, press Ctrl+A to save the Party Details screen, and return to the inventory voucher.
  4. Select the appropriate location in Source Location field, based on the type of Job Order.
  5. In case the Job Worker is receiving the raw material from the principal manufacturer, the Source Location should be set to Not Applicable.
  6. In case the Principal Manufacturer is receiving the finished goods from the Job Worker, the Location enabled with Our Stock with Third Party should be selected for Consumption Location.
  7. The Source Location appears as the Consumption Location when the Principal Manufacturer receives the finished goods from the Job Worker, using the:
    • Location enabled with Our Stock with Third Party
    • Material in voucher type configured to Allow Consumption
  8. Select the stock item.
  9. In the Stock Item Allocations screen:
  10. Set the option Consider as Primary Item to Yes, if the selected item is the primary item for which the consumption has to take place.
  11. Select the required BoM Name.
  12. Set Consider as Scrap to Yes, if the selected item is a scrap item. This option will be skipped when Consider as Primary Item is set to Yes.
  13. Select the Location. Enter the Quantity and Rate. The Amount appears.
    Note: You can set the stock item either as Primary Item or Scrap. For the location selected in the Stock Item Allocation screen, ensure the options Our Stock with Third Party and Third Party Stock with us are set to No.
  14. As always, press Ctrl+A to accept the screen and return to the inventory voucher.
  15. Provide Narration, if any, and accept the voucher. As always, you can use Ctrl+A to accept.

For F12 configurations for Material In voucher, click here.

Options

Description

Provide Party details

Enable this option to enter party details in the Party Details screen

Provide Order and Export/Import details

Enable this option to view the Party Details screen, when a party ledger is selected during invoice entry. Order details, and Export/Import details can be recorded

Provide Reference No. and Date

Enable this option to add the voucher reference field in Stock Journal also

Provide Additional Descriptions for Ledgers

Enable this option to specify the description for each Ledger selected in the Accounting invoice entries

Provide Additional Descriptions for Stock Items

Enable this option to specify description for each item selected in the invoice

Show message on negative Stock Balance

By default, a warning message is displayed for negative stock balance. If you set it toNo, the error message will not be displayed

Modify all fields during voucher entry

Default order/delivery note entries appearing in the invoice can be changed during invoice entry. Enable this option to permit modification of all fields

Use Expired Batches for Stock items

By default, the expiry batches in the list of active batches during voucher entry are displayed. If you set it to No, expiry batches will not be displayed in the List of Active batches

Show batches with Zero Quantity

It will display the zero quantity batches for the stock item

Skip the Date field during voucher creation

By default, the cursor skips the Date field during Voucher creation. If you do not want to skip the date field then set this option to No for faster Voucher entry

Show Current Balances of Ledgers

By default, the this option is set to yes, it will display ledger current balance up to last Voucher entry

Show Balances as on Voucher date

By default, the ledger current balance up to last voucher entry date are displayed. If you set it to Yes, it will display the ledger balance up to current voucher entry date

Show Compound Unit based on Rate

Enable this option to show the compound unit of item based on the unit provided in the Rate Per column

Show details of Compound Unit

Enable this option to display details of compound unit in the Quantity field. If Kgs is typed in Rate Per field, the Quantity field will display as12 Kgs.250 gms

Provide Marks of Container No.

Enable this option to specify Marks for every item selected in the invoice

 

Material Out

When you send the raw material to your customers for job works, you can keep track of the goods sent using Material Out voucher.

Record Material Out voucher

  1. Gateway of Tally > Vouchers > press F10 (Other Vouchers) > type or select Material Out.
    Alternatively, Alt+G (Go To) > Create Voucher > press F10 (Other Vouchers) > type or select Material Out.
    In case the voucher is inactive, you will be prompted to activate the voucher type. Select Yes or press Y to proceed.
  2. Select the supplier’s (Job Worker)/customer’s (Principal Company) name as the Party A/c Name. The Party Details screen appears.
  3. Select the required Order No(s) and provide the other details. 
    As always, press Ctrl+A to save the Party Details screen, and return to the inventory voucher.
  4. Select the appropriate location in Destination Location field, based on the type of Job Order.
  5. In case the Job Worker is receiving the raw material from the principal manufacturer, the Destination Location should be set to Not Applicable.
  6. In case the Principal Manufacturer is receiving the finished goods from the Job Worker, the Location enabled with Our Stock with Third Party should be selected for Consumption Location.
    In case the Job Worker is for issuing the finished goods to the principal company, the Destination Location should be set to Not Applicable.
    In case the principal company is issuing the raw material to the Job Worker, the Location enabled with Our Stock with Third Party should be selected for Destination Location.
  7. Select the stock item.
  8. In the Stock Item Allocations screen, select the Location. Enter the Quantity and Rate. The Amount appears.
    Note: The Component of field will automatically display the Primary Item of the selected component.
  9. Press Ctrl+A to accept the screen and return to the inventory voucher.
  10. Provide Narration, if any, and accept the voucher. As always, you can use Ctrl+A to accept.

For F12 configurations of Material Out voucher, click here.

Options

Description

Provide Party details

Enable this option to enter party details in the Party Details screen

Provide Order and Export/Import details

Enable this option to view the Party Details screen, when a party ledger is selected during invoice entry. Order details, and Export/Import details can be recorded

Provide Reference No. and Date

Enable this option to add the voucher reference field in Stock Journal also

Provide Additional Descriptions for Ledgers

Enable this option to specify the description for each Ledger selected in the Accounting invoice entries

Provide Additional Descriptions for Stock Items

Enable this option to specify description for each item selected in the invoice

Show message on negative Stock Balance

By default, a warning message is displayed for negative stock balance. If you set it toNo, the error message will not be displayed

Modify all fields during voucher entry

Default order/delivery note entries appearing in the invoice can be changed during invoice entry. Enable this option to permit modification of all fields

Use Expired Batches for Stock items

By default, the expiry batches in the list of active batches during voucher entry are displayed. If you set it to No, expiry batches will not be displayed in the List of Active batches

Show batches with Zero Quantity

It will display the zero quantity batches for the stock item

Skip the Date field during voucher creation

By default, the cursor skips the Date field during Voucher creation. If you do not want to skip the date field then set this option to No for faster Voucher entry

Show Current Balances of Ledgers

By default, the this option is set to yes, it will display ledger current balance up to last Voucher entry

Show Balances as on Voucher date

By default, the ledger current balance up to last voucher entry date are displayed. If you set it to Yes, it will display the ledger balance up to current voucher entry date

Show Compound Unit based on Rate

Enable this option to show the compound unit of item based on the unit provided in theRate Per column

Show details of Compound Unit

Enable this option to display details of compound unit in the Quantity field. If Kgs is typed in Rate Per field, the Quantity field will display as12 Kgs.250 gms

Provide Marks of Container No.

Enable this option to specify Marks for every item selected in the invoice

 

Manufacturing Journal

You can keep track of all the goods used to produce the finished goods, co-products, by-products, and scrap during the manufacturing process. It provides a clear view of the items that are consumed or damaged during the process.

Manufacturing Journal Voucher Type

In Manufacturing/Assembling organisations, there are number of components that go into the manufacturing/ assembling of finished Goods. Once, the Bill of materials is created, you can use Manufacturing Journal and specify the quantity of finished goods that are to be manufactured. 

You can create a manufacturing journal and enter details of the components used to produce the finished goods, or the Co-Products/By-Products/Scrap produced during the manufacture of the finished goods, and so on. Refer to Manage Inventory in Manufacturing for more information.

Stock Valuation Methods

TallyPrime 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.

To know more about stock valuation methods, click here

Voucher Types

TallyPrime uses a voucher type for each transaction type. You can create voucher types that cater to your needs. Apart from the default voucher types that Tally provides, you can create voucher types to serve your custom needs.

Voucher Numbering

Refer to Define Voucher Numbering for more information.

Voucher Class for Voucher Types

Voucher classes are templates for voucher types, used Voucher class aids in faster data entry, appropriate allocation of stock item to ledgers, helps eliminate mistakes of wrong ledger selection, and invoice level rounding. You cannot use a voucher class in voucher alteration.

Stock Journal voucher Class

Stock Journal classes allow you to handle transfers from one location to another, for companies having Multi-Location Inventory and at least two location. Once the class is selected, you will need to specify the Destination and provide the list of items to be transferred. Through this class all items/batches thus selected will be exactly mirrored to the destination, including Batch Number, Rate and Value.

You can either alter the existing Stock Journal or create a new voucher type based on the requirements.

  1. Gateway of Tally > Alter > type or select Voucher Types > type or select Stock Journal.
    Alternatively, press Alt+G (Go To) > Alter Master > type or select Voucher Types > type or select Stock Journal.
  2. Enter a name in the field Name of Class. (For example, Transfer).

    What you see on the screen can vary based on your choices. Press F12 (Configure) to change the options.
  3. The Class: Transfer screen is displayed. To create a class for inter – location transfer, set the option Use Class for Inter -Location Transfer to Yes.
  4. Accept the sales voucher screen. As always, you can press Ctrl+A to save.
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