How to Create a Manufacturing Journal in Tally Prime

Create Manufacturing Journal

Tally Prime is an accounting software that has revolutionized the way businesses keep track of their finances. With Tally Prime, businesses can easily create and manage their books of accounts, including manufacturing journals.

A manufacturing journal is a record of all the transactions that occur during the manufacturing process. It includes details such as raw material consumption, labour expenses, and production costs. In this article, we will guide you through the process of creating a manufacturing journal in Tally Prime.

Step 1: Enable Manufacturing Features in Tally Prime

Before you can create a manufacturing journal in Tally Prime, you need to enable the manufacturing features. To do this, follow these steps:

1. Open Tally Prime and go to the Gateway of Tally.
2. Click on F11: Features.
3. Select F2: Inventory Features.
4. Scroll down to Manufacturing & Job Work.
5. Set the option “Allow Manufacturing Journal” to Yes.
6. Press Enter to save.

Step 2: Create a Manufacturing Journal

Once you have enabled the manufacturing features, you can create a manufacturing journal. Here’s how:

1. Go to Gateway of Tally and select Accounting Vouchers.
2. Select F7: Journal.
3. Select the date of the transaction.
4. Select the manufacturing journal from the list of voucher types.
5. Enter the voucher number and reference.
6. Select the party’s name from the list of ledgers.
7. Enter the amount of the transaction.
8. Select the items that are involved in the manufacturing process and their respective quantities.
9. Enter the cost of raw materials, labour expenses, and other expenses incurred during the manufacturing process.
10. Enter any other relevant details.
11. Press Enter to save.

Step 3: View Manufacturing Reports

Tally Prime allows you to view a variety of reports related to manufacturing, including stock items, stock summary, manufacturing journal register, and bill of materials. To view these reports, follow these steps:

1. Go to Gateway of Tally.
2. Select Display.
3. Select Inventory Books.
4. Select the report you want to view.
5. Select the relevant options and filters.
6. Press Enter to view the report.

Conclusion

In conclusion, creating a manufacturing journal in Tally Prime is a straightforward process. By enabling the manufacturing features, you can easily create a manufacturing journal, record all the transactions involved in the manufacturing process, and view relevant reports. Tally Prime makes it easy for businesses to manage their finances and stay on top of their manufacturing operations.