Stock journal is a journal in which all types of stock adjustments are entered.
The stock adjustment may be due to the following reasons:
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:
1. Go to Gateway of Tally > Inventory Vouchers
2. Press the buttons Alt + F7 or Select the button F7: Stk Jrnl from the Button Bar
Business transfer its stock ‘Desktop Lenovo K200’ 10 Nos. from BALASORE Godown to BHUBANESWAR Godown with a additional Packing Expenses of Rs. 1,000
To get the Godown details enable the feature Maintain Multiple Godowns in F11: Features: F2: Inventory Features.
Shows the transfer of 10 Pcs of ‘Desktop Lenovo K200’ from BALASORE godown to BHUBANESWAR godown with additional expenses towards Packing Expenses of Rs.1000 ( as explained below).
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.