Inventory management * Godown + Stock group + Stock category * Stock unit * Stock itemGodown ‘A godownis a physical location where goods are stored. Using godowns option in tallywill help us + keep a record of inventory + track the stock moving in and out of our business premises + view stock reports for each godown ‘+ movement of stock between godowns down in tal ime © Gateway of Tally > Masters>Create >Invento! ry Masters > select Godowns > press Enter. {Or Alt#G (Go To) > Create Master > type ogetbct Godowns > press Enter) Provide godown name Primary is the root under which we can create a godown Main Location is the default godown available under Primary press Ctrl + A to save1.Gateway of Tally > Masters> type or select Chart of Accounts>Godown 2.In the Godown screen, press Alt+H (Multi-Masters) > and select Multi Create. 3.Under Godown: 1. select Under Godown > All Items, to set the parent godown for each godown separately 2. select any other godown, suppose Under Godown > Main Location, to make it parent godown for all the godowns we create. + stock group option is used to classify of stock items into different groups + stocks can be grouped according to their product type, characteristics, and brand, etc, create Stock Group 1.Gateway of Tally > Create > type or select Stock Group. (or, press Alt+G (Go To) > Create Master > type or select Stock Group.) 2.Enter the Name of the stock group. 3.In Under field select the required group from the List of Groups. 4.Enable the option Should quantities of items be added, if required. 5.AcceptThe advantage of Categorizing items is that we can further classify the stock items based on functionalities like size, quality, material used etc. Create Stock Catetory create Stock Category 1.Gateway of Tally > Masters>Create >Inventory Masters > type or select Stock Category. (oF, press Alt+G (Go To) > Create Master > type or select Stock Category.) 2.Enter the Name of the stock category. 3.In under field Select the required category from the Categories Stockitem Sub Group Main Group Sub-Category Main Category SONY- 19” LED TV SONYTV SONY LED TV Television SONY-MONOSpeaker SONYSpeaker SONY MONO Speaker Speaker ‘SONY- DUAL Speaker SONY Speaker SONY DUAL Speaker Speaker SONY - 17” Smart TV SONY TV SONY Smart TV | Television iG- 19" LEDTV ist is LEDTV Television LG -17" Smart TV stv ic ‘Smart TV Television‘Stock Unit: Stock units can be of 2 types simple (e.g 5 pes., 4 kg, 300gm) ‘compound (e.g 4kg 300gm) Create Stock Unit create Stock Group 1.Gateway of Tally > Masters>Create >Inventory Masters > type or select Stock Unit. 2.Enter the Symbol of the unit. 3.Enter formal name of the unit 4 Provide required decimal places if required (e.g pes does not require decimal places) S.Accept ‘pe simple meses amber ofecinaisices iUnique Quantity Code uac Description vac Description uac Description BAG BAGS GR GREAT GROSS ROL ROLLS BAL BALE cms GRAMS seT SETS BDL BUNDLES GRS GROSS sar ‘SQUARE FEET BKL BUCKLES GYD GROSS YARDS sam ‘SQUARE METERS BOU —BILLIONSOF UNITS. KGS KILOGRAMS say ‘SQUARE YARDS BOX BOX KLR KILOLITRE TBS TABLETS BTL BOTTLES KME KILOMETRE Tem (TEN GRAMS BUN BUNCHES MIT ‘MILLILITRE THD "THOUSANDS CAN CANS MTR METERS ‘TON TONNES: CBM CUBIC METER MTS. METRICTON Tus ‘TUBES CCM CUBICCENTIMETER NOS NUMBERS UGS US GALLONS CMS CENTIMETER PAC PACKS UNT UNITS TN CARTONS Pcs. PIECES vos YARDS Doz DOZEN PRS: PAIRS OTH OTHERS: DRM DRUM. art. QUINTALStock Item Creation: 1.Gateway of Tally > Masters>Create >Inventory Masters> type or select Stock Item (oF, press Alt+G (Go To) > Create Master > type or select Stock Item.) 2.Enter the Name of the stock item. 3,Select the required stock group in the field Under. 4 Select the required category in the field Category. 5,Select the required units of measure in the field Units 6.Enter Opening Balance, if required. 7.Accept rane Sony Dual speakers (oo et sony spate ‘casgen Dan seater fou) ee per an png eae =standard cost To specify the standard cost + Press Alt+ (GoTo) > Create Master > Stock Item > press Enter. + Press F12 (Configure) » set the option Provide Standard Buying and Selling Rates to Yes. (tf above optionis not visible, set Show more configurations to Yes.) + Specify the standard cost. + Set the option Alter standard rates to Yes. + Enter the Standard Cost with the Applicable From date and Rate per unit.