INVENTORY SYSTEM

INVENTORY SYSTEM

To insert stock details in the tally, we have to follow the below steps.

1. Open an already existing company or create a new company.

2. Click on “Inventory info.”

3. Create stock item’s group and measurement units and insert stock details. 


INVENTORY INFO.

Stock Group: This option is used to create stock item's company names and brand names.
Such (LG, Samsung, Godrej, etc.)

Units of Measure: This option is used to create measurement units such (Litre, Kilogram, Piece, Packet, etc.)

Stock Items: This option is used to insert real stock item’s details with help of "Stock group" and "Unis of measure".

Inventory Info. Screen

Excise 1: Create a company with name “Rakesh journal store” and insert the following stock item details.

Stock items	Company/Brand	Quantity	Price
Rice	Basmati	250	75
Oil (M)	Mustard	150	120
Oil (C)	Coconut	170	450
Red Chili	MDH	200	80
Black pepper	MDH	60	420

  

MULTIPLE STOCK ITEMS

Multiple stock items feature is used to insert those types of stock’s items which are related to same brand or company.

Examples
a) Monitor
b) Television
c) Cell phone

The above stock items related with one company “Samsung” therefore it’s beneficial to insert these stock items by using “multiple stock items” then compare of single stock item entry (which is used to insert more than stock items one by one)

How To Insert Multiple Stock Details

      1. Open an already existing company or create a new company.

      2. Click on “Inventory info.”

      3. Click on “Stock groups”

      4. Create group name under “Multiple stock groups”

      5. Create measurement unit under “Units of Measure”

      6. Insert number of stock items under “Multiple stock items”

      7. Save the transaction.

Note: The “single stock item” and “multiple stock items” share the common measurement unit.

Insert the following stock items by using “Multiple stock items”

Company name: Shyam Journal store  

Stock Item Group: Stationery

Items name	Quantity	Price
Pen	400	10
Pencil	500	5
Notebook	300	25
Eraser	450	03
Sharpener	500	04
Ink	200	15

Stock Item Group: Crockery

Items name	Quantity	Price
Spoon	540	10
Cup	450	12
Platte	300	40
Mug	350	35

Stock Item Group: Intel

Items name	Quantity	Price
Processor	150	4000
Motherboard	200	3500
Tablet	140	7000

Stock Item Group: Samsung

Items name	Quantity	Price
Monitor	100	5000
Television	85	10000
Refrigerator	60	20000
AC	50	25000
Cell Phone	150	6500

GODOWNS IN TALLY ERP 9

Tally ERP 9 and in other tally's versions, we can create multiple godowns by  “Maintain Multiple Godowns" feature and by default "Main Location" godown already exist in every new company.

Steps To Create Godowns 
1.     Create a new company or open an already existing company

2.     Press “F11” key.

3.     Click on “Inventory features”

4.     Make “Yes” to “Maintain Multiple Godowns”

5.     Save the settings and exit

6.     Now select “Inventory info” from “Gateway of Tally”

7.     Select “GoDown” from “Inventory info”  

8.     Now Create your desired “Godown”

Inventory Features Screen

Exercise 1: Create a company with name: Rakesh Hardware & Electronics

Create the following Godown with below inventory details.
Delhi Godown

Stock item	Brand/Company	Quantity	Price
Motherboard	Gigabyte	400	4000
LED	LG	250	6500
Processor	Intel	200	3500

Mumbai Godown

Stock item	Brand/Company	Quantity	Price
Washing machine	Godrej	100	17000
FM Radio	Phillips	200	2000
DVD Player	Phillips	350	2500

Haryana Godown

Stock item	Brand/Company	Quantity	Price
Television	Samsung	150	12000
Refrigerator	Godrej	120	18000
DVDs	WriteX	400	45
Pen drive	HP	250	450

How Show Godown Details
1. Open an already existing company

2. Click on "Display"

3. Click on "Statements of Inventory"

4. Click on "Godown"

5. Now Select Godown name, which information you want to show.

STOCK TRANSFER ENTRIES

Exercise 2: Create a company with name “Hari & Sons General Store”
Create the following Godowns.

Delhi

Stock items	Brand company	Quantity	Price
Oil (M)	Mustard	700	80
Ghee	Nova	250	450
Oil (C)	Coconut	150	850

Mumbai

Stock items	Brand company	Quantity	Price
Rice (S)	Shri-Lal-Mahal	400 (Pkt)	165
Wheat	Shakti-Bhog	1000	55
Sugar	Mavana	300	85

Punjab

Stock items	Brand company	Quantity	Price
Red chili	MDH	700	75
Black pepper	MDH	140	100
Rice (D)	Dawat	500 (Pkt)	140

Inventory Voucher Entries

1. Transfer goods from Delhi to Mumbai (250 Lt.) Mustard Oil.

2. Transfer goods from Mumbai to Delhi (350kg wheat) & (200 kg sugar)

3. Punjab to Delhi (200 pkt. Rice (D))& Punjab to Mumbai (Red chili 250 Kg. & Black pepper 100)

4. Punjab to Delhi (250 Pkt. Red chili) and (150 Pkt. Dawat Rice) from Punjab to Mumbai.

5. Punjab to Mumbai (50 pkt. Rice) & Mumbai to Punjab (Wheat 100, Rice 100 pkt.)

6. Transfer goods 50 Ltr. Mustard Oil from Delhi to Mumbai and 200 Ltr. Mustard oil from Delhi Punjab.