Tally Prime

Track Item Cost in TallyPrime Item cost and profit tracking refers to accumulation of costs and revenue for a particular quantity of a stock item across various transactions. Any transaction can be tracked and subsequently referred in any transaction. This enables analysing the running cost and profitability of the item being tracked through manufacturing, sales, purchase, and so on. You can track item cost in TallyPrime as it will help you effectively track and ascertain the procurement cost, landing costs, manufacturing or production costs, order cost or profit, and job cost or profit. This feature also helps to determine the sale price of finished goods based on the costs incurred till date and overall profitability.  In This Section: Configure Stock Items Configure Accounting Ledgers Item Cost Details Item Cost Analysis Report

Classify Stocks Items | Stock Groups and Stock Categories Managing stock items in groups help in easily locating them, especially when you need to track different stock items sharing a common feature – say a common brand, product type, material used, and so on. You can get a consolidated view of the total stock items available under that group. Stock items under a group need to have the same unit of measurement for consolidation and better management. This also helps in reporting of stock items group-wise in the financial statements.   In this section Create Stock Groups Create Stock Categories Track Stock Item Details Using Reports Maintaining stock items will also need to know your stock positions based on different parameters – by period, by manufacturing and expiry dates, by stock groups, by age of your stock items and so on. Reports in TallyPrime provides all such details with real-time record of your stock position. You can also find out the last selling or purchase price of ...

Manage Your Stock Items Does your business involve stock items or inventory in the day-to-day transactions? If so, you certainly need to manage and keep track of all your stocks – how much of them have been sold every day, what is the balance stock, are the stocks moving as per the demand, do you have too much unused stock and so on. In TallyPrime, you can create as many stock items as you have in the business, specify units of measurements (UoMs) for each stock item and define tax rates, without having to enter these details again during transactions. Whether you keep your stocks in different groups, batches or godowns, based on your business practices, you can find the details of your stock items any way you need. Real-time view of your stock quantity helps to refill your stock in advance to avoid the risk of losing customers, You can also view stock item reports for each group or batch as needed. In this section Create stock items Create Units for Stock Items Tax rate of stock items...

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. In This Section: Manufacturing Journal Voucher Type Manufacturing Journal Voucher Damaged/Scrapped Item Details Stock Cost Estimation

Manage Inventory in Manufacturing Use of inventory in manufacturing is a common aspect in businesses. If you deal with manufacturing products and therefore maintain inventory, you can manage all of them using TallyPrime. Bill of Materials for a Stock Item A Bill of Materials is a list of constituent items along with quantity details that can be allotted for the manufacture of a certain product, by-product or likewise. This facilitates immediate reduction in stock of the item automatically. This process of listing the items that make up another item is made possible in Tally by enabling the Bill of Materials Facility.  Bill of Material (BoM) is created only for those items that are being assembled in-house. Therefore, you need to specify a BoM at the time of creating a Stock Item or while altering the stock item. For trading items, you do not need a BoM. Bill of Material feature is useful for manufacturing organisations and can be set up through F12 (Configure). In this section Set ...

Manage Inventory Batch-wise in TallyPrime If you maintain inventory or stock items in lots, you can store them using the Batches feature in TallyPrime. Batches help in better management of stock items with limited shelf life or perishable goods. In TallyPrime, you can create a batch on the fly by only specifying a batch name. You can assign manufacturing and expiry dates and allocate the stock items to one or more batches as per your business need. With batches, you can identify stock items by referring to the batch details at any given time. In This Section: Set Up Batches for Stock Items Sell Stock Items from Batches Batches for Purchased Stock Items Batch Summary Batch Vouchers Disable Batches for Stock Items in TallyPrime

Job Work in TallyPrime Job Work in TallyPrime enables you to record transactions related to Job Work with ease. The Job work functionality in TallyPrime has the following features: Simple and user-friendly Quick and easy to set up and use Job Work Out Process  Record Job Work Out Order by capturing the details of Components to be issued and Finished Goods/Scrap to be issued Account the Receipt of Components towards a Job order or directly record the Material receipt by creating the Job Order. Flexibility to account the Receipt of Finished goods without raising Job Work Out Order and Material In voucher Track cost against the Job Work Out Orders  Job Work In Process Record Job Work In Order by capturing the details of Components to be received and Finished Goods /Scrap to be delivered Account the Receipt of Components towards a Job order or directly record the Material receipt by creating the Job Order. Flexibility to account the delivery of Finished goods without raising Job W...

Job Costing Job costing is a form of specific order costing, which applies to a job undertaken according to customer requirements and specifications. In Tally, you can track the cost and revenue information like material, labour, and overhead for a specific job, even to the smallest detail. With a view to ascertain the actual costs incurred for each job, each job is assigned a job number or a job name. With Job Costing, you can do the following: Determine the actual cost for each job, location-wise. Determine the revenue and expenditure, and therefore the profit associated with each job. Track overhead costs by allocating them for each job. Identify the losses on projects at an early stage. Job Costing – An Overview You can create multiple jobs or projects as cost centres, and track the cost and revenue associated with each project. You can also allocate costs while the job is in progress. On completion, you can compare the selling price and profit with estimates, and make informed dec...

Manage Inventory Storage Using Godowns/Locations in TallyPrime In your business, you may be managing the inventory in multiple physical locations, such as shops, warehouses, bins, racks, cabinets, and so on. In this case, you can use the Godowns/Locations capability of TallyPrime. Using godowns will help you keep a record of inventory moving from one project or manufacturing stage to another. Similarly, you can also track the stock moving in and out of your business premises for consignment sales or job work. You can view stock reports for each godown and account for the movement of stock between godowns. In This Section: Godowns for Inventory Storage Transfer Stock Inventory Storage Area-wise Print Godown Address

Inventory Reports in TallyPrime The transactions entered in TallyPrime are immediately posted to the respective ledgers, books and registers. The inventory reports in TallyPrime are generated based on these transactions. This facilitates instant reporting and faster decision making.  The appearance of reports can be changed according to your requirements. You can generate comparison reports between different companies, periods of the financial year, and so on. Here are the inventory reports in TallyPrime: Track Your Inventory | Stock Summary Stock Summary in TallyPrime is a statement of the real-time stock-in-hand on a particular day. It is one of the primary inventory statements 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. Location/Godown Summary It is one of the inv...

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- produ...