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.
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
- 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.
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”