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Stock item creation in tally, Tally erp9

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In the last two lessons we were learning Stock group creation and unit of measure in tally. Knowledge in both the lessons is mandatory here in creating stock items. Stock items are the goods we manufactured, purchased and sold. To raise item invoice we must create stock item in tally, also to using various inventory options stock item is mandatory.

So let’s create the stock item

Stock item in normal mode

To create stock item, go to

Gateway of tally>>Inventory Info>>Stock Items>>Create

Use Hot Key I I C From the gateway of tally

Here we are going to create stock item of Computer grouped under Brand name Acer, VAT rate is 5%,

Fill the field as follows

Name: Type stock item name in our case Computer

Alias: It is the additional name for the same stock item; you can access this stock item either by typing name or alias. Commonly people are using Alias to add code like AC-4500 to a stock item.

Under : Here we are grouping stock items based on its brand, so create a stock group in its brand name “Acer “.If you don’t know how to create stock group click here

Units:  Computer can be sold in the units Numbers or pieces, Lets choose PCS here, if you don’t know how to create units go here

Rate of Duty:  Specify the rate of duty for the item; this option is to calculate excise duty.

Opening Balance: This is the stock in hand at the end of previous financial year or the stock in hand before you computerizing the accounts.

Enter the opening quantity and rate the value will be calculated automatically, Press enters to save the stock item created.

stock-item-normal-mode

 Creating Stock item in advance mode

We can also create stock items in advance mode, where there are number of options available for various business needs. Here we are discussing the basics of advance stock item creation; each and every item will be discussed in separate posts later.

How to activate advance mode stock item creation?

Go to stock item creation screen

Gateway of tally>>Inventory Info>>Stock Items>>Create

In the item creation screen Press F12 Function key from key board or Click on configuration buttons on the right bottom of the screen, a stock item configuration screen will appear. Inside the configuration screen there are several options available, Set Yes or No as per your company requirements.

advanced-entries-in-masters

By enabling “Allow ADVANCED entries in masters” will bring some more advanced feature like costing method, market valuation method and many more options in to stock item creation screen.

Now again from stock item creation screen Press F11, You will get a screen, where inventory features are available, in this screen you can see some settings like stock items related features, you can make it available by setting Yes or No.

f11-feature-related-stock-item-setings

By enabling these options, Stock creation screen will look like below, Each and every options is required a detailed explanation, that will be following this lesson. Hence I am concluding this post with the screenshot of stock item creation in advanced mode.

stock-item-creation-advanced-mode

Press enter and save the screen.

Comments (12)

  • sir

    when we create a stock items with opening balances

    while in manual accounting in the beginning of accounting period the opening stock is debited and capital account is credited which appears in balance sheet as stock in assets side and same amount as capital.

    but while in tally same transaction , stock in assets side but in liability side it shows it as difference of opening stock and closing stock.

    sir plz clear it to me.

    Reply
  • could u plz guide how to create vat accounts in tally.we deal items n 4% and 13.5% vat category.plz help as to how to create different vat ledgers and how to post entries in them.i am giving you a transaction plz help with the corresponding entry in tally for the same:
    mx456 sold to shanti traders for rs10500 including vat @13.5%.

    Reply
  • what is the need to create stock group and stock category together

    Reply
  • we are a manufacturing company, Please tell us that when we use raw material for making finished goods then how we control this process.

    Reply
  • Hi,
    I wanted to know to entered Finish goods in daily basis.
    Thanks and regards,
    R.Dutta

    Reply
  • Rs.330000/- NEFT sent SBI current A/C by Raju how to creat voucher?

    Reply
  • Dear sir

    How to create same stock item name with different part numbers in tally(Because we are supplying same item to different clients with different part number).

    Kindly do the needful at the earliest.

    Reply
  • Dear sir
    How to create same stock item name with different part numbers & different groups in tally(Because we are supplying same item to different clients with different part number & different groups).
    Kindly do the needful at the earliest.

    Reply
  • Hi experts,

    I need your help in setting up tally for a electronic product manufacturing industry. Tally is used in the organisation but manufacturing planning is done in excel. I want to streamline the process and depend on tally for all manufacturing activities, material planning etc.

    I have expertise in SAP but a novice in Tally and have clear understanding of manufacturing process in SAP.

    Where do I get the expert online guidance on tally? one of my query is given below.

    How raw materials are created in tally? Need clarfication on coding of raw material (character length of partnumber, character length etc).

    Regards,

    Jimmy

    Reply
  • Sir,
    When i create an stock item, i couldn’t find the purchase and the sales price! for example, i bought a mouse and it coasted me $10 and i want to sale it with the total cost $12. Please some one advise me, i really need it ASAP.
    Thanks

    Reply
  • dear sir
    How to crate stock items for water based industry like mineral water selling and procured from underground.pl advise thanks chandra mohan

    Reply

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