How To Setup Inventory - mdcinstitute.in

What is Inventory in tally.ERP 9

Inventory in Tally

Inventory in Tally refers to the management of stock and goods within a business. It includes recording, tracking, and analyzing the quantity, movement, and value of goods. Effective inventory management is crucial for businesses to minimize costs, meet customer demands, and maintain an optimal level of stock.

Key Features of Inventory in Tally

Stock Groups
- Allows grouping of similar items for better organization.
- Example: Electronics, Furniture, Groceries, etc.
Stock Categories
- Helps classify items further within groups based on specific attributes.
- Example: In Electronics → Mobile Phones, Laptops, and Tablets.
Stock Items
- Individual items that are purchased, sold, or produced.
- Example: Samsung Galaxy S21, HP Pavilion Laptop.
Units of Measure
- Defines how items are measured.
- Example: Kilograms (Kg), Liters (L), Pieces (Pcs).
Godowns (Storage Locations)
- Represents physical locations where inventory is stored.
- Example: Warehouse 1, Shop Floor, Store Room.
Inventory Vouchers
- Used to record inventory transactions such as receipts, issues, sales, and purchases.
- Types: Stock Journal, Delivery Note, Receipt Note, etc.
Reorder Levels
- Helps maintain minimum and maximum stock levels to prevent overstocking or stockouts.

Step By Step Inventory Setup In Tally.ERP 9

Step 1:- Open Tally Application

Step 2:- Select Option Work In Education Mode or Press (Alt + W)

Step 3:- Go To Company Info———-And Select Option Create Company OR Press (C)

Create Company Fill All Details

All Details Fill After Accept OR Press (Ctrl + A)

Step 4:- Go To Gateway of Tally———-Account Info——-Ledger———-Create

Ledger Name	Group Name
Capital Account	Capital Account
Bank Account	Bank Account
Sales Account	Sales Account
Purchase Account	Purchase Account
Company Name	Sundry Creditor
Customer Name	Sundry Debtors