Inventory Accounting


 
Inventory Accounting & Management

If you deal in goods, of any type, you'll appreciate the Inventory capabilities in Tally.ERP 9.

You can comprehensively record all types of inventory transactions, using goods receipt notes, delivery notes, stock journals, manufacturing journals and physical stock journals. All stock movements are fully recorded and maintained in stock registers.

Developed for all manufacturers, distributors, wholesalers or traders a small list of features are briefly described below:

Manufacturers:

• Bill of materials and Manufacturing Journals, to record material conversions
• Compound bill of materials support, for units that contain assemblies
• Multiple locations (godowns)
• Excise for manufacturers, including all documentation and invoice
• Costing for jobs

Distributors & Wholesalers:

• Multiple price lists, with effective dates of applicability
• Use multiple units of measure (say KG's & grams)
• Dual units of measure (say KG's and bags, to support variations as happens in commodities)

Traders:

• High speed billing, with support for POS printers
• Bar code support
• Automatic application of taxes
• Service billing & service tax
• Integrated sales return in bills
• Print bills (and any other document) in the customers language

Common:

• You can choose to de-link the computed inventory value to automatically appear in your
  financial statements - and enter this figure manually.
• Stock ageing reports, to identify slow and non-moving stocks
• Invoice profitability reports to keep a pulse on sales
• Multi-currency transactions - buy and sell across the world - with integrated forex gain/loss
  calculations
• Physical stock take records to adjust physical vs. actual stocks
• Maintain batch & expiry details