TallySchool

Month: June 2024

  • Consume Stock from Godowns Created for Third Party in TallyPrime

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    by

    Rishit Shah
    in

    TallyPrime doesn’t offer a direct “consume stock” option for third-party godowns. However, you can effectively track “consumption” (sales) of stock entrusted to third parties by leveraging the Sales Voucher functionality with a specific allocation method. Here’s how it works: Scenario: You manage inventory sent on consignment to “ABC Electronics” in a dedicated godown named “ABC…

  • Transfer of Stock to Third Party in TallyPrime: 2 Options + Examples

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    by

    Rishit Shah
    in

    TallyPrime offers efficient tools for managing inventory movement within your organization and tracking stock sent to third parties. Here’s a detailed breakdown of transferring inventory between godowns (locations) and recording stock transfers to external parties: 1. Transferring Inventory Between Godowns: 1. Stock Transfer Voucher (Ctrl+Shift+F9): Utilize this dedicated voucher type for internal stock transfers between…

  • Set up Godowns to Track Stock Sent to Third Party in TallyPrime

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    by

    Rishit Shah
    in

    In TallyPrime, you can effectively track inventory sent to third parties by setting up dedicated Godowns/Locations for consignment sales or job work scenarios. Here’s a detailed guide on configuring TallyPrime to manage stock sent to third parties: 1. Creating Godowns for Third-Party Stock: 1. Gateway (Alt+F12): Launch TallyPrime and navigate to the Gateway by pressing…

  • Godown Type-wise View from other Reports in TallyPrime: 4 Steps

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    by

    Rishit Shah
    in

    In TallyPrime, while the Godown Summary report specifically focuses on stock levels and movement by godown, you can’t directly access a “Godown Type-wise View” from other reports. However, several reports offer functionalities that allow you to analyze inventory data with a godown-centric approach. Here’s how you can leverage these reports for godown-specific insights: 1. Stock…

  • Compare Business Data in Godown Summary Report in TallyPrime: 5 Steps

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    Rishit Shah
    in

    The Godown Summary report in TallyPrime offers a valuable tool for analyzing inventory across multiple storage locations. This guide delves into how to compare business data within the report, enabling you to gain deeper insights into your inventory management practices. 1. Comparing Stock Levels Across Godowns: 1. Access the Godown Summary Report: Follow the steps…

  • Configure Godown Summary in TallyPrime: 2 Ways + 2 Examples

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    by

    Rishit Shah
    in

    In TallyPrime, the Godown Summary report offers valuable insights, but you might want to customize it to suit your specific needs. Here’s a detailed explanation on how to configure the Godown Summary report, along with examples Configuration Options for Godown Summary in TallyPrime: While the Godown Summary report provides a default set of information, TallyPrime…

  • Godown Report Details in TallyPrime: 5 Steps + Example

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    by

    Rishit Shah
    in

    In TallyPrime, exploring Godown report details goes beyond simply viewing the Godown/Location Summary. Here’s a detailed breakdown on how to delve deeper into the information and gain a more comprehensive understanding of your inventory across different storage facilities: 1. Drilling Down within the Godown/Location Summary: 2. Exploring Godown & Stock Item Details: This action triggers…

  • View Godown/Location Summary in TallyPrime: 2 Methods + Example

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    by

    Rishit Shah
    in

    Viewing the Godown/Location Summary in TallyPrime allows you to analyze your inventory levels and movement across different storage facilities. Here’s a detailed explanation with examples: 1. Accessing the Godown/Location Summary in TallyPrime: Alternatively, you can use a keyboard shortcut: 2. Viewing the Godown/Location Summary Report: The Godown/Location Summary report will display information like: 3. Example…

  • Printing Godown/Location Address on Invoices in TallyPrime: 7 Steps

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    by

    Rishit Shah
    in

    Here’s a detailed explanation on how to configure TallyPrime to show the godown/location address in your invoices, along with an example: 1. Requirements for Displaying Godown Address in Invoices in TallyPrime: 1. Enabled Multi-Godown Feature: Ensure you’ve activated the “Maintain multiple Godowns” option in Gateway of Tally (Alt+F12) > Features > Inventory Features. 2. Godown…

  • Hierarchy of Godowns/Locations for Area-wise Inventory Storage in TallyPrime

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    by

    Rishit Shah
    in

    Here’s a detailed explanation on how to create a hierarchy of godowns/locations for area-wise inventory storage in TallyPrime, along with examples: 1. Advantages of Hierarchy of Godowns in TallyPrime: 2. Steps to Create a Hierarchy of Godowns in TallyPrime: Example 1: Godown wise Hierarchy You want to create a hierarchy for managing inventory across North…