Inventory Reports in TallyPrime
Managing inventory is a crucial part of every business. It is important to maintain a proper track of transactions while dealing with inventory. The transactions entered in TallyPrime are immediately recorded in the respective ledgers. Based on these transactions, inventory status gets updated. With Inventory Reports in TallyPrime, instant reports will be generated which will enable you to make quicker business decisions. You will be able to track your purchases and sales, monitor the movement of stock items, check the availability of stock items in different Godowns, detect the age of the stock-in-hand, generate the estimated value of the stock items, and so on.
Inventory report is an important component in supply chain management. You can use this report to forecast inventory and know the demand of stock items in the market. It helps in understanding and meeting the dynamic demands of customers. Inventory forecasting also adds to improved cash flow in the business since you will know how to allocate your budget as per the demand. With enhanced visibility of inventory usage, there will be a reduced risk of stockouts, and you can create purchase orders on time to refill the stock items.
Inventory reports in TallyPrime give you an overall insight into the varied aspects related to the stock items in your company. You can view the summary of stock-in-hand, Godown summary and complete information related to the stock items. Tracking the inward and outward movement of stock items is made simpler and quicker with these reports. You can derive information about the stock items that are nearing their expiry date. There are varied configurations in each inventory report which provide you the flexibility of viewing the reports as per your business requirements. For instance, you can select if you want to display a condensed or detailed format of the report. Comparisons can be drawn in the reports between different companies, different fields in the same company, periods in the financial year, and many more.
Track Your Inventory | Stock Summary
Stock Summary in TallyPrime is a report of the real-time stock-in-hand on a particular day. It is one of the primary inventory reports that gets updated in real-time as and when you record transactions. If you have maintained the inventory in groups, transferred stock for various business needs, sold or purchased stock items, TallyPrime helps you view all of them using the Stock Summary report. You will be able to know your stock details, understand the sales and purchase of the stock items and know the stock-wise profit of your business. With a detailed overview of the stock flow, the report provides you with accurate information about your inventory regarding stock replenishment or inventory ageing.
To know more, refer to the Stock Summary topic.
Location/Godown Summary
It is one of the inventory reports in TallyPrime that summarises the details of stock items available in each Location or Godown. If you have created location in a hierarchy, the report gives you a consolidated view of the stock available. You can view the closing and opening balances of your stock, inward and outward stock details, and all corresponding transactions. The report also provides specific details like consumption, profit, and overall stock position of your company.
To know more, refer to the Location/Godown Summary topic.
Movement Analysis
Movement Analysis report shows the analysis of only those inventory transactions which are integrated with the accounts like sales and purchases. Inventory vouchers which affect the stock only in quantitative terms are not considered. Movement analysis report is used for comparative studies like you can compare the different rates at which parties sell or purchase the goods. It gives an insight into the flow characteristics of the stock in an organisation. It also helps in finding out the slow-moving items which cause blockages in the flow of the working capital of the organization.
To know more, refer to the Movement Analysis topic.
Stock Ageing Analysis
Stock Ageing Analysis in TallyPrime displays the age of the stock-in-hand. This report lists the age-wise break-up of inventory to demarcate old stock. TallyPrime gives its users the flexibility to define their own ageing slabs. Ageing Analysis lists out items batch-wise, that have already expired or may expire in the near future. Various valuation methods are available in the report which will help you in displaying the stock items based on its value. This information will help you keep track of the age of stock and also quick moving inventory, as older stock may depreciate in value or become obsolete, and result in a loss. By applying the correct ageing method, you will be able to determine which bill has been pending from a longer period and which debtor should be contacted accordingly.
To know more, refer to the Stock Ageing Analysis topic.
Stock Query
The Stock Query report provides complete information pertaining to a particular stock item. The details include Alias, Part No., Stock Group, Stock Category, available Closing Quantity & Balance, Cost Price, Std. Selling Price, Costing Method and Market Valuation Method, and so on. Apart from these details, the report also furnishes details about the date on which the stock item was last sold or purchased along with its quantity and rate. With Stock Query in TallyPrime, you will be able to monitor the stock items regularly and take judicious business decisions such as knowing the top buyer or seller for a particular stock item or knowing about the re-orders for the stock item.
To know more, refer to the Stock Query topic.
Physical Stock Register
The physical stock voucher is used to record the actual stock of a particular stock item. In the inventory books, the actual balance of stock in hand as on the date of voucher entry is shown and the difference in stock is automatically added as inwards or outwards as the case may be. The cause of discrepancy can be recorded in the narration field of the physical stock journal voucher and necessary actions can be taken to mitigate the discrepancies. The report summarises the stock adjustments made during a particular financial period.
To know more, refer to the Physical Stock Register topic.
Stock Cost Estimation
Cost Estimation is a statement that gives the value of the cost incurred in the manufacturing of finished goods. Refer to Stock Cost Estimation section under the Manage Inventory in Manufacturing topic for more details.
