Creating Tally erp9 Inventory Masters

Inventory Masters 

• Allow ADVANCED entries in Masters: This Configuration will display additional field in Inventory masters. 

• Use PART NUMBERS for Stock Items: You can enter the Part Number of the item being created for easy identification. (In certain industries, such as automobiles, their part numbers identifies various parts). You can alternatively use this field for the Bin Card Number Code Number etc. 
• Use Description for Stock Items: You can enter the description of the Stock Item that would appear in your invoices. 
• Use REMARKS for Stock Items: This helps to identify the product and its applications You can give some particulars of the Stock ltem created. This will help you later when you post a query for the stock of this item, while you decide whether the item is suitable for a particular requirement or not. 

• Use ALTERNATE UNITS for Stock Items: This is another unit, apart from the main unit, which you can use instead of the Stock Item. This is particularly useful when you need to handle different units at different times. For example, you buy Data Cables in pieces but sell them in packets of 5 pieces each. For alternate units, you are asked to give a cover Sion factor (e.g. 5) so that a link is maintained between the two. What you give here is sim ply a conversion factor that comes up as default during a voucher entry. You may specify a different factor during voucher entry. 

• Allow Std. Rates for Stock Items: Standard rates enable the valuation of an standard purchase or standard sales pri during voucher entry a a ces. Moreover, these prices come up by default (you may choose to override them if required). The standards are from the specified dates and they continue to be used at these rates until the next a elective date, where the standard rate changes. 
• Specify Default Ledger Allocation for Invoicing:This configuration allows the user to allocate the ledgers to be used for Purchase and Sales Invoice. 
• Allow component list details (Bill of Materials): The Bill of Materials contains a list of items that are required to make up another item. In other words, it is a list of constituent items. 
• Use ADDRESSES for Godowns: This configuration enables the user to give the address for locations.