What is Stock Group and How to Create Stock Groups in Tally ?

STOCK GROUPS

As mentioned earlier, stocks items can be clubbed together to form stock groups.  We had taken the example of Gents clothing.  Normally thousands of Stock items are traded in an Organization.  It may become unmanageable if the items are not properly grouped.  You can arrange all Stock items into Stock Groups based on common features (e.g., based on Brand, Quality, Specification, etc.)  You can nest Groups to any depth, as such.

Gents Clothing

Pants

Shirts

Coats, etc.A

Women Clothing

Sarees

Dresses

Other accessories, etc.

Children Clothing

Toddler items

Children clothing

Toys, etc.

Grouping of stock items helps to get Group specific report.  In above example, to get a Stock report of Sarees only, you can conveniently get it by selecting Saree Group.  In fact Stock Group provides similar advantage as Account Groups provide for organization of Accounts.

CREATE STOCK GROUPS IN TALLY

> From the Gateway of Tally select "Inventory Info" / Enter "I"
>  From the Inventory Info select "Stock Groups" / Enter "G"
>  From the Stock Groups select "Create" / Enter "C"
> Enter Group Name (Eg:  Gents Clothing)
> Press "Ctrl+A" to save the Group 

Note: You can see Inventory Info option in Gateway of Tally, If you have select Accounts with Inventory option when you create company. If you select Accounts only option, you can't View Inventory Info option in Gateway of Tally.

 

Note: You can see Inventory Info option in Gateway of Tally, If you have select Accounts with Inventory option when you create company. If you select Accounts only option, you can't View Inventory Info option in Gateway of Tally.

In the Same way create remaining stock groups.

Posted by Accounting & Taxation at 11:04 PM

Labels: Tally