Inventory vouchers in Tally.ERP 9 (Settings+Types)

-

Inventory Vouchers perform the function in the inventory system that accounting vouchers do in the accounting system. Inventory Vouchers are also means of entering transactions. Accounting vouchers will update only Accounts, but Inventory vouchers will update both Accounts and Inventory. Inventory vouchers record the receipt and issue of goods/stock (Movement of goods), the transfer of stock between locations and physical stock adjustments.
If you have not integrated accounts with inventory, inventory vouchers will not have any impact on the Balance Sheet stock figures. The stock balances will be maintained separately.
Set the option Integrate Accounts and Inventory to Yes in F11: Features : F1: Accounting Features/Inventory Features.
You can trace a transaction from the beginning i.e., goods transfer stage to the financial accounting stage irrespective of integration status.
For example, the purchase of stock can be tracked from the purchase voucher through the receipt note, through invoice from the supplier and also through eventual payment.

1.Physical Stock Verification

During physical stock verification, in cases of changes in the inventory count, one has to update the changes in books as well. It comes under Inventory vouchers in Tally.ERP 9.
Generally, businesses do this either on a monthly, quarterly or yearly basis to match the stock in hand with stock available as per the books. With Tally you can simply create a voucher to adjust the inventory.

2.Material In and Material Out Voucher

The Material In and Material Out vouchers are available in Tally.ERP 9 to track inventory sent for job work and inventory received after job work. By using these vouchers, you can easily get an overview of inventory across all job works. Enable these vouchers by pressing F11.

3.Delivery Note and Receipt Note Vouchers in Tally

As the name suggests, the Delivery Note Vouchers can be used to record the delivery of goods. Sometimes, they are also referred to as Delivery Challans. While passing a Delivery Note, you can provide transporter details such as lorry number, dispatch document number, bill of lading, and so on. Similarly, you can create a receipt notes as and when you receive consignments from suppliers.

Comments

Post a Comment

Popular posts from this blog

Vouchers In Tally.ERP 9

-
Image
As a business owner, you have to continuously record transactions for the purpose of accounting, inventory management and statutory compliance. If you are already using Tally.ERP 9, then like many other users of Tally, you must be quite acquainted with vouchers that are available in Tally.ERP 9. However, if you are new to Tally.ERP 9, then we would like to take you through the basic vouchers to make it easier for you. Below is an outline of the commonly used vouchers in Tally.ERP 9 with details on how to use them. ✳️Accounting vouchers in Tally.ERP 9 ✓ Sales Voucher in Tally ✓ Purchase Voucher in Tally ✓ Payment Voucher in Tally ✓ Receipt Voucher in Tally ✓ Contra Voucher ✓ Journal Voucher ✓ Credit Note Voucher in Tally ✓Debit Note Voucher in Tally ✳️Inventory vouchers in Tally.ERP 9 ✓ Physical Stock Verification ✓ Material In and Material Out Voucher ✓ Delivery Note and Receipt Note Vouchers in Tally ✳️Order Vouchers in Tally.ERP 9 ✓ P
Read more

How to maintain multiple godowns in Tally.ERP 9 ?

-
Image
How to maintain multiple godowns in Tally.ERP 9 ? In Tally, apart from creating a single godown, one can also create multiple godowns by specifying the name of parent group. Perform the following steps to create multiple godowns: Step 1 : Select the Create option under Multiple Godowns from the Godowns Step 2 : Select the godown name from the list of Godowns menu, beside the Under Godown. Step 3 : Type the name of the sub godowns under the Name Step 4 : Finally Click Yes to save multiple godowns and the multiple godown screen appears
Read more

Accounting Vouchers In Tally.ERP 9

-
Image
1. Sales Voucher in Tally The Sales Voucher is most widely used by the users of  Tally.ERP 9  , it is a type of accounting voucher. Depending on the nature of your business, it can be created in the Invoice mode or Voucher mode. In the Invoice mode, you can print and provide a copy of the invoice to your customers. The Voucher mode can be used when you want to basically record transactions for statutory purpose only, and when you don’t necessarily have the need to print and share the information with your customer. Tally.ERP 9 gives you the flexibility to address different needs. 2. Purchase Voucher in Tally The Purchase Voucher too can be recorded either in the Voucher or Invoice mode based on the nature of business operations. It comes under accounting vouchers in Tally.ERP 9. Suppose you change your mind and decide to change the mode when entering details of a purchase transaction? What if you have entered all the details and decide to change the mode in the last secon
Read more