Music Systems (main stock group) Sony Music Systems – Stock Group under Music Systems Videocon Music Systems – Stock Group under Music Systems Under the stock group Televisions, let us create stock groups based on the different brands being sold viz.
TALLY ERP 9 ABBREVIATION TV
Televisions (main stock group) Sony TV – stock group under Televisons Philips TV – stock group under Televisons Videocon TV – stock group under Televisons 2. The grouping structure in Tally.ERP 9 is as follows: Stock Group 1. Indus Enterprises has two Godowns, the Bangalore Godown and the Mumbai Godown. Group A – Televisions A1 – SonyĪ1a – Sony 29 inches TV A1b – Sony 25 inches TVĪ2a – Philips 29 inches TV A2b – Philips 25 inches TVĪ3a – Videocon 29 inches TV A3b – Videocon 25 inches TVī1a – Sony Tape-Recorder B1b – Sony CD Playerī2a – Videocon Tape-Recorder B2b – Videocon CD Player Given below is the structure of items being sold. Units of Measure Let us take the example of Indus Enterprises that sells Televisions and Music Systems. The above Inventory Masters types are explained in detailed in the following sections. menu is displayed as shown:Ĭreating Inventory Masters in Tally.ERP 9 Go to the Gateway of Tally > Inventory Info. Stock Groups, Stock Items, Units of Measure and Voucher Types. menu comprises of four types of Masters, viz. In a newly created company the Inventory Info. Second, you create the individual stock items, which is similar to setting up the ledgers.
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. The inventory system operates in much the same way as the accounting system. 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. 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. Lesson Objectives On completion of this lesson, you will be able to understand 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 Lesson 4: Creating Inventory Masters in Tally.ERP 9
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