Month: June 2024
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Purchase Requisition for Manufacturing in TallyPrime: 9 Easy Steps
While TallyPrime doesn’t offer a dedicated “Purchase Requisition” voucher specifically for manufacturing, you can achieve a similar function using the Stock Journal voucher with a little customization. Here’s how: 1. Understanding the Process to Generate Purchase Requisition for Manufacturing in TallyPrime: 1. Stock Journal for Consumption: The Stock Journal voucher, typically used for stock adjustments,…
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Manufacturing Finished Goods w/o By-Products/Co-Products/Scrap in TallyPrime
TallyPrime allows you to efficiently record the production of finished goods in scenarios where there are no by-products, co-products, or scrap generated during the manufacturing process. Here’s a detailed explanation of the process with an example: 1. Scenario: You want to record the manufacturing of 100 wooden boxes. Each box requires 4 nails and 1…
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Copy components of BOM in TallyPrime: 5 Easy Steps + Example
In TallyPrime, you can efficiently copy the components of a Bill of Materials (BOM) from one stock item to another. This saves time and ensures consistency when managing similar products with identical component requirements. Here’s a detailed explanation of the process with examples: 1. Scenario: 2. Copying BOM Components in TallyPrime: 1. Gateway of Tally…
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Co-Products, By-Products & Scrap in TallyPrime: 3 Steps + Examples
TallyPrime allows you to create Bills of Materials (BoMs) that not only handle the main product but also account for co-products, by-products, and scrap generated during the manufacturing process. Here’s a detailed explanation with examples: 1. Understanding Co-Products, By-Products, and Scrap: 1. Co-products: These are commercially valuable products produced alongside the main product in a…
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Multiple Bill of Materials (BOMs) in TallyPrime: 3 Steps + Example
TallyPrime offers the flexibility to create and manage Multiple BOMs for a single stock item. This functionality is beneficial when your manufacturing process allows for variations in the components used to produce the same finished product. Here’s a detailed explanation with examples: 1. Understanding Multiple BOMs in TallyPrime: This approach involves creating different BOMs for…
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Single Bill of Materials (BOM) in TallyPrime: 3 Steps + Example
TallyPrime allows you to manage manufacturing processes by creating Bill of Materials (BOM) for stock items. A BOM details the raw materials, components, and quantities needed to produce a finished product. Here’s a breakdown of creating and using single BOMs in TallyPrime: 1. What is a Single BOM? A single BOM is ideal when a…
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Return Stock Items to Third Party in TallyPrime: 5 Steps + Example
In TallyPrime, you can effectively record the return of stock items to a third party using the Stock Journal voucher with a specific configuration. Here’s a detailed breakdown of the process: 1. Scenario: 2. Recording Stock Return in TallyPrime: 1. Stock Journal (Alt+F7 -> Journal): Create a new voucher by selecting Stock Journal. 2. Party…
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Consume/Sell Stock Received from Third Party in TallyPrime: 2 Ways
TallyPrime doesn’t have a specific “consume” option for stock received from third parties. However, depending on your scenario, you can achieve similar results using two different approaches: Scenario 1: Selling Stock Received on Consignment If you received the stock on consignment (meaning you’re selling it on behalf of the third party), you can record the…
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Record Stock Received from Third Party in TallyPrime: 5 Easy Steps
In TallyPrime, you can record stock received from third parties using the Purchase Voucher while specifying the dedicated godown you created for such inventory. Here’s a detailed breakdown of the process with an example: 1. Scenario for Recording Stock Received from Third Party in TallyPrime: 2. Recording Stock Receipt in TallyPrime: 1. Purchase Voucher (Ctrl+F9):…
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Set up Godowns for Stock Received from Third Party in TallyPrime
In TallyPrime, you can effectively set up Godowns/Locations to track stock received from third parties. This allows you to maintain separate inventory records for items you receive from external sources, such as suppliers sending goods on consignment or materials received for job work. Here’s a detailed guide on configuring TallyPrime for managing stock received from…