What is Stock items in Tally
Stock items
What you receive or issue, Sell
or purchase, each item is a Stock Item.
For example, for the Bookshop from you buy this book, this book is a
Stock item. Similarly stock items can be
clubbed together and can be called Stock groups. For example, in a department store of
clothes, Gents clothes can be a group having Pants, Shirts, Coats, etc., for
under that category. Similarly for
Ladies and Children.
Usually Stock Items are measured
in a Unit, e.g., Pcs, Kg, Ltr, etc.
Different items may be measured in different units. You can create Unit of Measurement as per
your business need. You can specify the
Unit in which the item is transacted-normally one Unit. However, some items may be transacted in 12
units also called dozens.
Tally allows you to specify upto
2 Units for a single Stock Item, one as Unit and the other as Alternate Unit,
you define relationship between the two Units.
A company has usually many places
to store inventory items, they are called Godowns normally. Each godown has its inventory and that when
combined with inventory of other godowns give the complete picture of the
company’s inventory. This helps in
locating an item which may not be there at one location, then, it can be
transferred from other godown where it is there.
Tally allows you to create Stock
items as per your requirement, its alternate Name (Aliases), Part Numbers,
Description, Remarks, etc. You can
optionally maintain Batchwise details, enter Purchase and Sale prices, specify
Stock Valuation Method for an item.
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