How to Create Units of Measure & Stock Items | Tally erp9

Units of Measure 

Stock Items are mainly purchased and sold on the basis of quantity. The quantity intern is measured by units. In such cases, it is necessary to create the Unit of Measure. The Unite of Measure either be simple or compound. Examples of simple units are: nos., meters, kilo grams, pieces etc. Examples for compound units are: a box of 10 pieces etc. Create the Units of Measure before creating the Stock Items. tally course fees

Creating Units of Measure 

Go to the Gateway of Tally> Inventory Info. >Units of Measure> Create 
The Unit Creation Screen appears as shown below: 

Creating Units of Measure 

Type 
Tally.ERP 9 has the option to create simple units as well as compound units. Examples: box, nos, pcs, etc. A Compound Unit is a combination of two simple units of measure. Example: A box of 10 pcs is a compound unit of measure. 
Symbol 
It is the abbreviated form by which a stock item is identified. For example, the abbreviation pcs indicates pieces.


Formal Name 
This represents the complete or formal name of a symbol used while creating a unit Different campaniles use different symbols to represent the same units. Formal names help you to match he symbols with their respective units. For example, the symbol for numbers (formal name) can be nos or num. tally course fees

Number of Decimal Places 
A unit can be expressed as fractions. For example, a 3.15 Kg refers to 3Kg and 150 grams The number of digits expressed in grams after the decimal places are three. Likewise, fractions up to our decimal places can be expressed in the same manner. For expressing numbers, without a decimal place, specify 0 in this option 
Let us create the unit Nos 
1. Type: Simple 
2. Symbol: Nos 
3. Formal Name: Numbers 
4. Number of Decimal Places: 

The Unit Creation screen is displayed as shown below. 

Creating Units of Measure -Nos

5. Press Y or Enter to accept the screen. 

Stock Items 
Stock items are goods that you manufacture or trade (sell and purchase). It is the primary inventory entity. Stock Items in the Inventory transactions are similar to ledgers being used in accounting transactions. Therefore. Stock items are important in an inventory just as ledgers are important in accounting. tally course fees

How to Creating Stock Category~ Tally Course Fees

 Create Sony TV under Televisions.

The screen is displayed as shown below: tally course fees.

Stock Group Categories 

Press Y or Enter to accept the screen.

Practice Exercise

Create the following Stock Groups in the similar manner. tally course fees

Name	Under	Can Quantities of items be ADDED
Philips TV	Televisions	Yes
Videocon TV	Televisions	Yes
Sony Music Systems	Music Systems	Yes
Videocon Music Systems	Music Systems	Yes

Stock Categories: tally course fees

This is a feature, which offers a parallel classification of stock items. Like Stock Groups, Stock categories are also classified based on some similar behaviour. The advantage of using Tally.ERP 9 lies in categorizing Stock items together, (based on functionality) across different stock groups. This enables you to obtain reports for alternatives or substitutes of a stock item. 

Set Yes to Maintain Stock Categories in F11: Features (F2: Inventory Features) to get an additional option Stock Categories under Inventory Info. tally course fees.


Creating Stock Category 
Go to the Gateway of Tally > Inventory Info. > Stock Categories>Create 

Create Stock Category 29 inches TV Under Primary 
Press Y or Enter to accept the screen. 
Similarly, create Stock Category 25 inches TV under Primary 

Godowns/ Locations : tally course fees

A place where stock items are stored is referred to as Godowns. You can specify where the stock items are kept. For example: A warehouse, shelf or rack etc, and obtain stock reports for each Godown and account for the movement of stock between locations/Godowns. tally course fees

Set Yes to Maintain Multiple Godowns in F11: Features (F2: Inventory Features) to get additional option like Stock Categories under Inventory Info. 

Creating a Godown 
Go to the Gateway of Tally>Inventory Info.>Godowns > Create 
Create a Godown - Bangalore under Primary 
Ensure that the screen is displayed as shown below: tally course fees
Press Y or Enter to accept the screen

Tally Course Fees How to create Stock Group | Tally erp9

The grouping structure in Taily ERP 9 is as follows: tally course fees

Stock Group Television

Stock Group 
1. Televisions (main stock group) 
Sony TV- stock group under Televisions 
Philips TV-stock group under Televisions 
Videocon TV - stock group under Televisions 

2. Music Systems (main stock group) 
Sony Music Systems - Stock Group under Music Systems Videocon Music Systems -Stock Group under Music Systems  


Under the stock group Televisions, let us create stock groups based on the different brands being sold viz Sony, Philips and Videocon. This helps to find the total sales of a particular brand of tele- visions at any given point of time. In order to compare the total sales of the 29 and 25 inches tele- vis ons respectively, Tally ERP 9's feature of Stock Categories for parallel classification can be used. 

Experiment Creation of Inventory Masters in Indus Enterprises 

Stock Groups 
Stock Groups are provided to help in the classification of stock items Class fication is dore based on some common ping stock iterns makes it easy to identify and report them in the statements For example, ilems of a particular brand can be grouped together so that you can get the inventory details of all the items of that brand. tally course fees


Creating Stock Group 
i. Create the Stock Group- Television under Primary. 
Go to the Gateway of Tally > Inventory Info. > Stock Groups > Create (under the Single Stock Group). tally course fees.

Ensure that the screen appears as shown below: tally course fees
Press Y or Enter to accept the screen.
Similarly, create Music Systems under Primary.
 

Tally Course How to Creating Inventory Masters in Tally.ERP 9

Lesson 4: 
Creating Inventory Masters in Tally.ERP 9 

Lesson Objectives 

• On completion of this lesson, you will be able to understand.
• The basic functions of the Tally ERP 9 inventory System.
• Creating and maintaining Inventory Masters.
• Creating and maintaining stock details.
• Creating stock items and entering opening balances. 

Inventory accounting includes recording of stock details like the purchase of stock, the sale of stock, stock movement between storage locations or godowns and providing information on stock availability. Tally.ERP 9 makes it possible to integrate the inventory and accounting systems so that the financial statements reflect the closing stock value from the Inventory system. tally course

The inventory system operates in much the same way as the accounting system. tally course
First you set up the inventory details, which is a similar operation to creating the chart of accounts although, in this case, there are no pre-defined set of stock groups. tally course

Second, you create the individual stock items, which is similar to setting up the ledgers. tally course

In a newly created company the Inventory Info. menu comprises of four types of Masters, viz. Stock Groups, Stock Items, Units of Measure and Voucher Types. 

Go to the Gateway of Tally> Inventory Info, 

The Inventory info. menu is displayed as shown:

Inventory Info.Menu

The above Inventory Masters types are explained in detailed in the following sections.

• Units of Measure.  

Let us take the example of Indus Enterprises that sells Televisions and Music Systems. Given below is the structure of items being sold. tally course

Group A Televisions

A1-Sony	A1a - sony 29 inches TV
	A1b - Sony 25 inches TV
A2- Philips	A2a - Philips 29 inches TV
	A2b - Philips 25 inches TV
A3 - Videocon	A3a -  Videocon 29 inches TV
	A3b - Videocon 25 inches TV

             Group B- Music Systems

A1 - Sony	B1a – Sony Tape-Recorder
	B1b – Sony CD Player
B2 - Videocon	B2a – Videocon Tape Recorder
	B2b- videocon CD Player