Stock Entries – 4 in Tally Prime

Stock Entries – 4 in Tally Prime

Here are some more types of stock entries that can be recorded in Tally Prime:

1. Delivery note: A delivery note is used to record the delivery of goods to a customer. When creating a delivery note, the stock item details, customer details, and delivery details are entered. This voucher is useful for tracking the delivery of goods and can be used to generate reports that provide insights into the delivery performance of the business.
2. Receipt note: A receipt note is used to record the receipt of goods from a supplier. When creating a receipt note, the stock item details, supplier details, and receipt details are entered. This voucher is useful for tracking the receipt of goods and can be used to generate reports that provide insights into the procurement performance of the business.
3. Stock journal voucher: A stock journal voucher is used to adjust the stock quantity and value for various reasons such as transfer of goods from one godown to another, writing off of stock due to damage or obsolescence, or adjustment of stock due to a change in the accounting policy of the business. When creating a stock journal voucher, the stock item details, the quantity and value details, and the reason for the adjustment are entered.
4. Price list: A price list is used to define the selling price of stock items for different customers or customer groups. When creating a price list, the stock item details, the customer details, and the selling price details are entered. This voucher is useful for managing pricing for different customers and can be used to generate reports that provide insights into the sales performance of the business.

Tally Prime provides many features to manage the stock items efficiently such as reorder levels, minimum and maximum levels, bill of materials (BoM), multi-unit of measurement, and many more. These features can help businesses to optimize their inventory levels and reduce costs associated with excess inventory.