Tally Prime offers features to manage inventory efficiently by categorizing stock and organizing it by locations (godowns or warehouses). This article will guide you step by step to create stock categories and godowns in Tally Prime, with real examples.
Stock Categories: These help in grouping stock items based on their behavior or type, irrespective of the stock groups they belong to. For instance, you can categorize items by brand or quality.
Godowns (Warehouses): These are physical locations where inventory is stored. Godowns in Tally Prime allow you to track stock location-wise, which is especially useful for businesses with multiple warehouses or branches.
Before creating stock categories or godowns, you need to enable these features in Tally Prime:
Navigate to:
In the Inventory Features screen:
Follow these steps to create stock categories:
Navigate to:
Provide the following details:
Press Enter to save the stock category.
Create a stock category called "Premium Quality" under "Primary." This category will include high-quality items such as branded electronics.
Follow these steps to create godowns:
Navigate to:
Provide the following details:
Press Enter to save the godown.
Create a godown called "Central Warehouse" under "Primary" to represent the main storage location for the business.
Once stock categories and godowns are created, you can assign them to stock items:
Navigate to:
Select the stock item you want to update and provide the following information:
Press Enter to save the updated stock item.
Assign the stock item "Laptop" to the stock category "Premium Quality" and the godown "Central Warehouse."
Follow these steps to view inventory reports based on categories and godowns:
Navigate to:
Use the Alt + C option to view stock reports categorized by stock categories or godowns. This provides insights into stock allocation and location-wise inventory.
Let’s summarize the steps with a practical example:
Stock categories and godowns in Tally Prime help businesses manage inventory effectively by providing classification and location-wise tracking. By following the steps in this article, you can organize your inventory and gain valuable insights into your stock management.