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

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:

1. Go to the Gateway of Tally (Alt+F12) in TallyPrime.
2. Navigate to one of the following options, depending on your preference:
   • Display > Statements of Inventory > Godown (This is the most common approach).
   • Reports > Inventory Reports > Godown Summary (This option might be available in some TallyPrime versions).

Alternatively, you can use a keyboard shortcut:

• Press Alt+G (Go To) and type or select “Godown Summary” or “Statements of Inventory” and then choose “Godown.”

2. Viewing the Godown/Location Summary Report:

The Godown/Location Summary report will display information like:

• Godown Name: Name of the godown/location for which the summary is displayed.
• Group: Group (if applicable) under which the stock item is categorized.
• Ledger Name: Name of the stock item.
• Opening Balance: Quantity of the stock item present in the godown at the beginning of the reporting period.
• Inwards: Total quantity of the stock item received into the godown during the reporting period (purchases, transfers in, etc.).
• Outwards: Total quantity of the stock item issued from the godown during the reporting period (sales, transfers out, etc.).
• Closing Balance: Quantity of the stock item remaining in the godown at the end of the reporting period (Opening Balance + Inwards – Outwards).

3. Example of Viewing Godown/Location Summary:

Imagine you want to view the Godown/Location Summary for the “Main Warehouse” godown for the month of May 2024. The report might show details like:

4. Benefits of Godown/Location Summary:

• Provides a quick overview of stock levels in each godown for various stock items.
• Helps identify stock movement (inflow and outflow) for each item within a specific godown.
• Enables analysis of inventory management practices across different storage locations.

5. Additional Considerations:

• You can filter the report by date range, godown, or stock group using the Alt+F11 (Filters) option.
• The report considers all transactions affecting stock levels within the chosen godown during the period.
• Utilize the report alongside the Stock Summary report (with Multi-Godown option) for a more comprehensive analysis of your overall inventory across all godowns.

By effectively utilizing the Godown/Location Summary in TallyPrime, you gain valuable insights into your inventory management across various storage locations, allowing you to make informed decisions regarding stock replenishment, distribution strategies, and potential stock optimization within your warehouse network.