FAQ-4 (Inventory Master ):

FAQ – ON INVENTORY MASTER

Query

What is the use of the option Allow Storage of materials in the Godown Creation/Alteration screen?

Answer

The option Allow Storage of materials, when set to Yes, allows you to allocate quantities of stock items to the godown. However, if this option is set to No, this godown will not be shown in the list of godowns to allocate stock items.

Query

What is the importance of the F7: Show Profit button in the Godown Summary?

Answer

The F7 button is used to view the Godown Profitability Statement. Once you this button the Outwards column displays the quantity, rate, value, consumption, gross profit and percentage for godown in the period.

Quantity: The quantity of goods sold.

Rate: The rate of the items sold.

Value: The Total Sales value.

Consumption: The cost of goods sold .

Gross Profit: Sales value minus Consumption amount.

Percentage: Percentage of Gross Profit on the Sales value.

The button toggles between Show Profit/Hide Profit.

This is similar to the option Show Consumption & Gross Profits available in F12 Configuration.

Query

Why is the balance of few Stock Groups shown as nil in the Godown Summary?

Answer

The values will not be shown, if the Stock Item's Costing Method is valued at Zero Cost, and if the option Treat all Sales as New Manufactured is set to Yes in the Item Master creation screen.

Query

Can I view and alter Godown/Location details in Tally.ERP 9?

Answer

Once created, stock locations can be displayed and altered in both single and multiple mode. You can delete a stock location by using the option 'Single Location Alter' by pressing [Alt]+[D]. However, you cannot delete a stock location with sub-locations. The lower levels must be deleted first.

Query

What is Our Stock with Third Party option in Godown Master?

Answer

The option,Our Stock with Third Party is provided in Godown Creation to facilitate companies in the segregation of their stock lying with them and their stock lying with third parties.

For Example: In the case of Job Work, the principal company provides its job workers with the raw material required to complete the process that it outsources. Here the job worker is Third Party to the principal company. The principal company needs to keep track of its stock lying with the party. By enabling this option, stock lying with third parties can be viewed inStock Summary. This option is also useful for consignment agents.

Query

What is Third Party Stock with us option in Godown Master?

Answer

The option,Third Party Stock with us is provided in Godown Creation to facilitate companies in the segregation of their stock-in-hand and third parties' stock lying with them.

For Example: In the case of Job Work, the principal company provides its job workers with the raw material required to complete the process that it outsources. The option Third Party Stock with us can be used by the Job Worker to segregate the material received from the principal company, from his own stock.

Query

In the Godown Creation screen the option Allow Storage of materials is not displayed. How to enable this option?

Answer

To enable the option Allow Storage of materials in Godown Creation screen:

Go to Gateway of Tally > F12: Configure > Accts/ Inventory Info. > under Inventory section, set the option Allow ADVANCED entries in Masters to Yes.

 
Company Information @ Tally.ERP9
 
 
 
Group & Ledger
Introduction
1. THE GROUP
2. THE LEDGER
3. VOUCHERS TYPES
Advanced Inventory / Stock
Meaning
Order Processing
Re-Order Levels
Tracking Numbers
Batch-wise Details
Additional Cost Details
Bill of Materials (BOM)
Price Lists and Price Levels
Stock Valuation
Zero Valued Entries
Inventory Ageing Report
Actual and Billed Quantities
 
Advanced Usage of Vouchers
Maintain Bill-wise Details
Cost Center and Cost Category
Interest Calculation
Reversing Journals
Post-Dated Voucher
Memo (Memorandum) Voucher
Optional Voucher
Using Tracking Number
Knowledge Base @ Tally.ERP9
Stock Items
Stock Groups
Inventory Masters
Inventory Vouchers
Inventory Report Statements
Balance Sheet
Accounting Reports
Accounting Vouchers
Interest Calculation
VAT-Value Added Tax
Service Tax
TDS (Tax Deducted at Source)
 
 
 
Disclaimer :

The names of Companies and persons used in this Website have been used for illustrative purposes only.
The visitors may visit www.tallysolutions.com , the web site of Tally Solutions Pvt. Ltd. for resolving their doubts or for clarifications

Trademark :

Tally,Tally GST,TallyERP9 GST, Tally9, Tally.ERP, Tally.ERP –9, Tally.Server 9, Tally.NET & Power of Simplicity are either registered trademarks or trademarks of Tally Solutions Pvt. Ltd. in India and/or other countries. All other trademarks are properties of their respective owners. This Website is not associated with any product or vendor mentioned in this Website.

SWAYAM EDUCATION
Mandal Bagicha, Hemkapada,
Sunhat, Balasore-756002 ( Odisha )-India
eMail ID : tallyerp9bookorder@gmail.com
Web : www.tallyerp9book.com
Mob : 09437264738
Get Updated ...