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Search results for: “stock”

  • Stock Units in TallyPrime: Explained in 5 Easy Steps

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    Rishit Shah
    in

    In TallyPrime, Units represent the standard measurements used to quantify your inventory items, purchases, sales, and other transactions. They ensure consistent recording and reporting of quantities within your accounting system. Here’s a detailed explanation of Units in TallyPrime: 1. Understanding Units in TallyPrime: 1. Quantifying Transactions: Units act as the foundation for measuring the quantities…

  • Stock Categories in TallyPrime: Explained in 5 Easy Ways

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    Rishit Shah
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    In TallyPrime, Stock Categories provide a secondary layer of classification for your inventory items, existing alongside Stock Groups (explained earlier). They offer an additional dimension for organizing your stock based on specific attributes or functionalities, leading to even more granular inventory management and insightful reporting. 1. Understanding Stock Categories in TallyPrime: 1. Complementary to Stock…

  • Stock Items in TallyPrime: Explained in 4 Easy Ways

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    Rishit Shah
    in

    Stock items, also known as inventory items, are the core elements representing the products or goods you buy, sell, or manage within TallyPrime. They hold crucial information about each item in your inventory, facilitating efficient stock tracking, accurate accounting, and informed inventory management decisions. Here’s a detailed explanation of stock items in TallyPrime: 1. Understanding…

  • Stock Groups in TallyPrime: Explained in 4 Easy Steps

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    Rishit Shah
    in

    In TallyPrime, Stock Groups act as a classification tool for your inventory items. They allow you to organize your stock based on various criteria, promoting efficient management, streamlined reporting, and improved inventory control. Here’s a detailed explanation of Stock Groups and their functionalities: 1. Understanding Stock Groups: 1. Categorizing Inventory: Stock Groups enable you to…

  • Delete Unused Stock Items at Once in TallyPrime: 7 Simple Steps

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    Rishit Shah
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    TallyPrime offers a streamlined approach to deleting unused stock items at once, helping you maintain a clutter-free inventory list and improve data management. Here’s how to achieve this: Steps to Delete Unused Stock Items: 1. Access Stock Items: Navigate to the “Stock Items” screen within TallyPrime. There are two ways to reach this screen: 2.…

  • Use Stock Items from other Company in TallyPrime: 2 Scenarios

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    Rishit Shah
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    TallyPrime doesn’t allow directly using stock items from another company within your current company file. However, there are alternative strategies depending on your specific needs: Scenario 1: Need for Consolidated Inventory Reporting If your objective is to generate consolidated inventory reports incorporating stock data from multiple companies, you can leverage Tally.ERP 9 functionalities (if available).…

  • Easily Setup Opening Stock Summary in TallyPrime: 2 Easy Ways

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    Rishit Shah
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    There are two primary methods to swiftly set up your Opening Stock Summary in TallyPrime: 1: Using Stock Item Masters 1. Access Stock Items: Navigate to the “Stock Items” screen within TallyPrime. There are two ways to achieve this: 2. Create Stock Items (if not already done): 3. Enter Opening Stock: 4. Save and Accept:…

  • How to Configure Stock Groups in TallyPrime: 8 Easy Steps

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    Rishit Shah
    in ,

    Configuring stock groups for GST in TallyPrime is similar to configuring individual stock items but with some additional points to consider. Here’s a guide to help you: 1. Access the Stock Groups Master: 2. Open or Create a Stock Group: 3. Configure GST Details: 4. Setting GST Rates: 5. H/S Code Tracking: 6. Taxability of…

  • How to Configure Stock Items for GST in TallyPrime: 6 Easy Steps

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    Rishit Shah
    in ,

    Accurately configuring your stock items for GST in Tally Prime is crucial for ensuring smooth tax calculations and reporting. Here’s a detailed guide to help you: 1. Enable GST and Set Taxability: 2. Access the Stock Items Master: 3. Configure Individual Stock Items: 4. Set GST Rates: 5. Additional Configurations (Optional): 1. H/S Code Tracking:…

  • Stock Market Entries in TallyPrime (Tracking Shares): 3 Easy Steps

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    Rishit Shah
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    Here’s how to pass stock market entries in TallyPrime while tracking individual shares: 1. Create Ledgers: 2. Record Purchase Entries: 3. Record Sale Entries: Additional Tips while Passing Stock Market Entries in TallyPrime (Individual Shares): I hope this clarifies the process for tracking individual shares in TallyPrime!