Step 4 : Finally, click Yes to save multiple godowns and the multiple godown screen appears. The simplest rule is to select the stock item and enter the quantity in sales voucher creation screen and let Tally do the work of prefilling the price automatically based on the levels defined. Here is a video tutorial on how to create stock group in tally. Create a ledger for the stock item under Stock-in-Hand group. From Gateway of Tally select I nventory Info. We run a Question answer forum to help you. Step 2 : Select the godown name from the list of Godowns menu, besides the Under Godown. You can create various stock groups under various main groups.To do this Select all item in Under Group at the top. Under: Specify the stock group under which this stock item is to be specified. Now you need to set up item master for stock cost tracking. Opening Balance: Specify the opening balance of the stock items. Again the sub division of products are based on its brands.See the below image for more clarity. Step 1: Go to Gateway of Tally and then Choose Inventory Info. 4.6 / … Computer system (fixed asset) ..... Dr. To Purchase (computer system) stock Enter the name of stock item. Each item is required to be accounted for, and receipt or issue needs to be created. Press F2 for Inventory Features 3. Step 1 : Select the Create option under Multiple Godowns from the Godowns. Now your screen will look as under:-Select ‘Create’ under ‘Single Stock Items’. Use the following path to create multiple stock items: Gateway of Tally.ERP 9 > Inventory Info > Stock Items > Multiple stock items > Create. ERP 9 is an easy task, as one can set these multiple price levels in the ledger creation screen itself. Step 1: Active an existing company or create a new company in which you want to apply multi tax rate under GST in Tally ERP9. > Stock Item > Create (under Single Stock Item ). We can call Television as primary group. In the new release of Tally, this option is available only for the Stock item, hence available only when we create a stock group and stock items in the tally company. Please mail your requirement at hr@javatpoint.com. This module facilitates the user to Print All the Stock Item Master details of the Selected Group. Part No: Stock items are identified with the part numbers . Enter the Name of the Stock Item. Step 3: Choose "Create" under the Single Stock Item. Based on the quantity and rate amounts, per and amount values are automatically calculated. In Tally item master by default you can add only single line product description and the same can be auto captured while in the description box while making any vouchers. Name: Specify the name of the stock item. This will take you to the Company Creation screen, which will allow you to enter in your company details. : By enabling this option you can calculate the sum total of all item quantity. GST Applicable: Applicable . Even if you aren't using Tally professionally, you still need to create a company. Detailed Setup Guide: To operate this capability, user will have to follow the following steps: 1. Stock item creation in tally basic & with GST, No option for Journal reference no. Note: Stock items are the actual items for which you wish to maintain Accounts. Creating a Stock Item in Tally. Step 2: Choose Stock items under Inventory Info. Nazim Khan is a Microsoft Excel Expert & Excel Trainer, dedicated to helping you create outstanding tools and reports in Excel. 3. Enter the Name of the Stock Item. Items are addable: If you want to add the units of the stock items. Alt+G (Go To) > select Create Master > select Ledger > press Enter. Likewise, create stock items for 50 Earphones for ₹400 per unit and 55 Screen Guards for ₹200 per unit as shown in the picture. From Inventory Info select Stock I tems. 3. The store keeper can assign relative priority to the right product groups. To overcome the difficulty of creating groups individually, We have the multiple stock group creation option using which, we can create numerous groups in a single screen. To create go to Gateway of tally>>Inventory Info>>Stock Items>>Create Or Use Hot Key I > I > C From the gateway of tally. How to Install the TDL File in Tally. Step 2: Enter the following details in the next screen, "Multi Stock Item Creation". To remove duplicate stock items in Tally ERP 9. suppose you have 2 Stock Items like “Stock Item-1″ and “Stock Item-2” and you need to remove “Stock Item-2” or merger “Stock Item-2” into “Stock Item-1”. How to delete stock item in Tally ERP9 . Step 1: Choose the "Create" option under multiple stock items, as shown below. Tip: Use Short keys from Gateway of Tally: IIC or iic To Create Stock Items. Step 2: Enter the following details in the next screen, "Multi Stock Item Creation". In Tally, there is option to alter multiple/all stock items through: Gateway of Tally > Inventory Info. They group items based on Product category such as Electronics Goods, Grocery,Clothing etc. Press enter and save the screen, so the multiple stock group creation is completed.  The next step is editing viewing and deleting of stock group that we will learn in the next lesson. > Stock Item > Multiple Stock Items > Alter. → Stock Groups → Create (Under the Multiple Stock Groups) After selecting the CReate option, you should see a screen similar to the one below: Provide the details of the Stock Groups as follows: The rest is same as updating stock group mentioned above. To create multiple stock items, instead of choosing the create option under the single stock item, choose the create option under the multiple stock items. Let’s create a stock item Computer under stock group ACER (Classified based on brand name) below is the screen displayed for creating stock. Category: Specify the stock category of stock items. Stock items are the primary inventory entity, like Ledgers. printing. Required fields are marked *. There are two modes of stock group creation, They are Single Mode and Multiple Mode. Mail us on hr@javatpoint.com, to get more information about given services. In the opening menu, select "Create Company". Create Stock group in tally ERP9,Single & Multiple mode. With the help of this TDL you can Enter Description with every stock item with multiple lines. Now we want some sub groups under Television group like Sony, LG, Samsung, sharp etc. Create a company. In Layman’s language, Stock Group in tally erp 9 is the classification or grouping  of similar nature of Products which will help in managing products like ,storing & replenishing to it’s optimum level. Press enter and save the screen, so the multiple stock group creation is completed. The field Under will show the List of Groups . Select Alter under Single Stock Item. The unit of measure must be same for all items. After specifying all required details, press enter to continue. The UOM was selected when creating this stock item 'master'. Enable Multi Line Description for Stock Item in Inventory Features. Usually it means Item or Product, which can be buying, selling or issue for production purpose. Go to Gateway of Tally > F11: Features > Accounting Features Set “Yes” to the Options “Enable Set Standard Rate for Multiple Stock Items ?" © Copyright 2011-2018 www.javatpoint.com. How to cancel the calculator option in tally 5.4. Lots of Accounting & Financial students and professionals trust us for learning Tally ERP 9 and our basic classes of accounting and taxation. Then Press Ctrl+Alt+T button Step 3. Step 1: – Choose the option “Create”under multiple stock categories to create multiple stock categories in Tally.ERP 9. Go to Gateway of Tally > Inventory Info. Go to Gateway of Tally > Inventory Info. Step 11: Filed → 'Amount': Tally multiplies the rate fields and quantity and proposes the amount automatically. > Stock Groups > Create > select the group. SET UP ITEM MASTER FOR stock cost tracking . This way, Tally will give you the chance to create more than one stock items all at once. 2. Stock Item Creation in Tally ERP9 . In Tally ERP 9, choose 'Yes' to save the details. To create a group in single stock group mode, Go to Gateway of Tally>>Inventory info>>Stock Group, Press enter and select Create under single stock group, Let’s create the first group Television, Under: Primary,(Primary meaning the prime group or the first level group). Update the following details, as shown below: Godown: Under the list of Godowns, choose Godown. Step 2: Press F11 : Feature > F3: Statutory & Taxation > Now enable given both option. 3. Under group: Choose under group as all items to update the different types of stock items with different category groups. Enter the Alias name of Stock Item (if required). Use the following path to create multiple stock items: Gateway of Tally.ERP 9 > Inventory Info > Stock Items > Multiple stock items > Create. Open Tally program; Select ‘Inventory info’ under ‘Gateway of Tally’. You can create various stock groups under various main groups.To do this Select all item in Under Group at the top. Here is the Preview of this TDL file . Step 3 : Type the name of the sub godowns under the Name. An  electronic goods dealer is classifies the products as follows. > Stock Item > Create (under Single Stock Item ). Tally will generate the report for the stock group,like group statement, item movement based of groups etc in-order to help us in implementing the most apt inventory management system. Your email address will not be published. then now pass the following entry. Step 4: Enter the following details on the next screen, "Single Stock Group Creation". And now you want to convert it as Fixed Asset. Create stock items one-by-one 1. Enter the Alias name of Stock Item (if required). What you have to look here is the GST details under Statutory Information as shown in the picture below. For example you can find out the total number of TV’s grouped under “Television” group Which includes the products under its sub groups. (or you can select create for creating a new stock item) I have already created a stock item called Mobile under a group called Mobiles. Developed by JavaTpoint. Create Multiple stock groups under various main groups. Under: Under field filled automatically with Television, This field would not be active as we have already selected the under group at the top. Go to Gateway of Tally > Inventory Info. Use them in the vouchers. You can choose the main group under which Sansui stock group comes under. Tally will not allow to delete any item which have transactions. Creating a Multiple Stock Group : Gateway of Tally.ERP 9 > Inventory Info > Multiple Stock Group > Create. Step 2. A Screen will appear as under:- Creating stock group in Tally ERP9 help you in grouping of products and a store keeper can arrange and  locate stock item easily with the help of grouping. Path: Gateway of Tally -> Inventory info -> Stock Items-> Create . In Tally, stock items can be created using two methods which are as follows: Use the following path to create single stock items in Tally. Go to Gateway of Tally. Gateway of Tally → Inventory Info → Stock Items → Single stock item → Create. Quantity: Specify the quantity of stock items. Stock Item Name: Enter name of stock item like, Dell Computers Under Stock Group: Computers . CREATION OF STOCK ITEMS IN TALLY. Alias: It can be short name of stock item or product id or another name. JavaTpoint offers too many high quality services. Tallygame.com is an educational blog about Tally ERP 9,Accounting ,Finance & Indian Taxation driven by a team of expert and experienced professionals with qualifications and years of Working Experience. Can quantities of item be added? Fill up the field as follows Then, select Create under Single Stock Item; Now, see the picture below and create the stock item for 25 Mobiles for ₹15,000 per unit. Go to Gateway of Tally → Inventory Info. Make sure that the company is in Accounts with inventory Mode.If it is not, you can enable it from F11 Features>F2 Accounting Features>, Disable option ‘Maintain Accounts only‘. Tally erp 9 online training , Accounting tutorials -Tallygame, Home » Tally ERP 9 » Inventory » Stock » Create Stock group in tally ERP9,Single & Multiple mode. The below screen will appear when you click the … 2. The field Under will show the List of Groups . Rate: When we are entering the values of the rate for stock items, a new window opens. But still, that is very time consuming process as we have more than 3000 items names to alter. Step 1: Choose the "Create" option under multiple stock items, as shown below. At current, the computer system is under stock item in tally. Alternatively, Gateway of Tally > Create > select Ledger > press Enter. From Single Stock Item Select C reate. Step by step procedure to create multiple stock categories in Tally. Press enter and save the screen. For deleting a group from the list the key combination is ALT + D. Remember that the group should be empty, which means that no stock item is under this group. User Can change the required Item details by just pressing the “Enter” Key. 4. In this way you can create so many groups individually. In order to use Tally, you will need to create a company in the program. … Let’s create the secondary level groups  or sub groups using multiple stock group creation, to do this, Gateway of Tally>>Inventory Info>>Stock Group, Select create under Multiple Stock Groups. How to create multiple stock items Step 1: Under multiple stock items, choose create option as shown below image. Note that Tally proposes the UOM. All rights reserved. Read More…. In fact, you will create a stock ledger account for each item and Tally calls this account “Stock Item”. Now update all the required details: Specify the name of items, stock group, stock category, stock units, stock opening qty, and rates. 2. 1. Nazim’s background is Master of Business Administration (MBA-Finance), For over 10 years he has worked in the Accounts-Finance and MIS department implementing reporting systems based on Excel & Tally ERP. So create a ledger in the name of computer system under the head of fixed asset. or keep the option No. Tally ERP 9 allows us to create quantity based price list with the discount structure for our valuable customers. Units: It specifies the units of measure to count the stock items. Stock items are referred to as goods that a company manufactures in Tally. Stock groups are used to classifying products.It helps to enumerate the stock from a colossal amount of products  by viewing the report of a particular group.Let’s consider a simple example. Route: To set price levels in Tally : How to create stock items in Tally After opening any company in the Tally software, you have to click on the Inventory Info window > then click on the “Stock Items” option > now, click or select “Create” option. Step 2: In next screen multi Stock item creation, enter the following details. The field ‘Under’ will be active in this case and you can select the main group under which new groups are placed for every single groups.See below image. 4. To create stock group for GST Compliance. Press enter to move on to next line, where you can type another stock group, enter all four stock groups .The final screen will look like this. Your email address will not be published. Step 1. Select ‘Stock Items’. Duration: 1 week to 2 week. In the creation of Ledgers shown in the above video, what are those percentage meant ‘sales @1%, sales @1.25%, purchase @1%’, etc, I didn’t exactly get, Is it discount offer/discount received or tax added? Here you can select the Stock Group to which the Stock Item belongs. In the Tally ERP 9 system, click on A: Accept to save the entered details. JavaTpoint offers college campus training on Core Java, Advance Java, .Net, Android, Hadoop, PHP, Web Technology and Python. Once you select the item group, you will find a new option as shown in the below screen “Enable cost tracking ? Press F11 For Company Features. Gateway of Tally.ERP > Inventory Info > Single Stock Group > Alter. To configure this follow the steps below; Go to item masters from Gateway of Tally > Inventory Info > Stock Items > Create or Alter Go to create a new item master or alter an existing item master. Create Stock Items with multi descriptions. It will be active only when we select all item there. Creation of Multiple Stock Items. Now Press F4 Button or Click on “Manage Local TDL” button Step 4.