Means stock/goods generally service sector organization does not maintain inventory .
In trading organization inventory means finished goods as they deal with only finished or final product. In manufacturing organization inventory means semifinished and finished goods .
It is known by name stock item in Tally prime.
Stock Group in Tally Prime
Stock group are head of stock item .It contain information about similar inventory and very helpful in classification of inventory .It can be on the basis of common features ,brand name ,product type etc.
Units in tally Prime
A unit is any standard used for making comparisons in measurements such a unit of Numbers which is specified as Nos is Tally prime ,KG signifies Kilo gram ,Mt signifies meter, bag signifies bag etc
First of all we have create Stock group in Tall Prime.
To create stock group
Go to gateway of tally >create> Inventory masters> Groups.
S.no | Stock Group | under | Can quantities of item to be added | Set alter GST detail |
1 | Soap | Primary | YES | NO |
2 | Bath soap | Soap | YES | NO |
3 | Food | Primary | YES | NO |
4 | Washing bar | Soap | YES | NO |
Now to create group
· Go to gateway of tally >create> Inventory masters> Groups.
· Type the name of the Group > Soap
· Under select > Primary
· Can quantities of item to be added set to YES
· Set alter GST detail set to NO.
See figure below.