Tally Creating Inventory Master (Create Stock item , Stock Group, Stock Category, Godown,

 Creating Inventory Masters in Tally.ERP 9

The basic functions of the Tally.ERP 9 Inventory System

􀂇 Creating and maintaining Inventory Masters

􀂇 Creating and maintaining stock details

􀂇 Creating stock items and entering opening balances

you will learn in this post following points 

how to create stock item ?

how to create stock group ? 

how to use stock category ?

How to create Godown /location and use of godown ?

What is Unit of Measures and how to create this and use it . 

Inventory accounting includes recording of stock details like the purchase of stock, the sale of stock, stock movement between storage locations or godowns and providing information on stock availability. Tally.ERP 9 makes it possible to integrate the inventory and accounting systems so that the financial statements reflect the closing stock value from the Inventory system.

The inventory system operates in much the same way as the accounting system.

􀂇 First you set up the inventory details, which is a similar operation to creating the chart of accounts although, in this case, there are no pre-defined set of stock groups.

􀂇 Second, you create the individual stock items, which is similar to setting up the ledgers.In a newly created company the Inventory Info. menu comprises of four types of Masters, viz.

Stock Groups, Stock Items, Units of Measure and Voucher Types.

Go to the Gateway of Tally > Inventory Info.

Stock Groups

Stock Groups are provided to help in the classification of stock items. Classification is done based on some common behaviour. Grouping stock items makes it easy to identify and report them in the statements. For example, items of a particular brand can be grouped together so that you can get the inventory details of all the items of that brand.

Creating Stock Group

i. Create the Stock Group – Television under Primary.

Go to the Gateway of Tally > Inventory Info. > Stock Groups > Create (under the Single StockGroup).

Ensure that the screen appears as shown below:

Press Y or Enter to accept the screen.

Similarly, create Music Systems under Primary.

see this pdf