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Stock Journal (Alt + F7 ) in Tally.ERP9

It is useful for various adjustments of stock, like transfer of material from one place to another.

Gateway of Tally.ERP > Inventory Voucher > Stock Journal ( Alt + F7 )

Stock Journal is a Journal in which all types of Stock Adjustments are entered.

The stock adjustment may be due to:

Inter-Godown Transfer

This is useful to transfer the goods from one location to another. The quantity of Stock remains the same, but the Location changes.

Additional Cost/Expenses involved in the Transfer of goods.

You can also account the additional cost incurred in connection of transfer of materials from one location to another.

Accounting for Wastage of stock or shortage of stock

There may be a shortage or wastage of stock items, the quantity may have got changes. In such cases, you have to enter a stock journal to account for the increase or decrease in the Stock Item.

Manufacturing Process

If you are involved in the manufacturing process in which raw materials are consumed and finished goods are produced, then you can create a manufacturing Journal Voucher also.

To view the Stock Journal Voucher:

Go to Gateway of Tally > Inventory Vouchers

  1. Press the buttons Alt + F7 or Select the button F7: Stk Jrnl from the Button Bar

For example, the company transfers Item B from the warehouse to the shop.

Note:
To get the Godown details enable the feature Maintain Multiple Godowns in F11: Features:           F2: Inventory Features.

Example : Stock transfer from one Godown “BALASORE”  to another Godown “ Bhubaneswar”

Stock Journal (Alt + F7 ) in Tally.ERP9Image-23

Shows the transfer of 15 pcs of PAGARIA DVD PLAYER from BALASORE godown to BHUBANESWAR godown.

Additional Cost on Purchase in Stock Journal :

[Note: To get the additional cost details in the Stock Journal voucher, enable Track additional costs of Purchase in F11: Features: F2: Inventory Features. ]

When there are some Additional Cost/Expenses incurred, then you can account the same in the Stock Journal.

After mentioning the quantity, rate and amount under Destination (Production), the ‘Additional Cost Details’ screen will be displayed. Enter the additional cost/expense incurred.

Stock Journal (Alt + F7 ) in Tally.ERP9Image-24
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15 Chapters in Tally.ERP9 Book + 21 Chapters in GST Practical Assignment on GST in Tally.ERP9 & All features are described with Practical Problems with Solutions.

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