Configure Stock Item Cost Analysis Report in TallyPrime: 6 Steps

The Stock Item Cost Analysis report in TallyPrime provides a detailed breakdown of the cost components associated with a specific stock item.

You can customize this report to suit your specific analysis needs.

1. Steps to Configure Stock Item Cost Analysis Report in TallyPrime:

1. Access the Report:

Go to Gateway of Tally > Display More Reports > Inventory Reports > Stock Item Cost Analysis.

2. Select Stock Item:

Choose the stock item for which you want to analyze the cost.

3. Configure Filters (Optional):

• Date Range: Specify a date range to analyze costs within a particular period.
• Godown: Select the godown where the stock item is stored.
• Cost Tracking Number: If you use cost tracking, select the relevant number to analyze costs based on specific cost centers.

4. Choose Cost Components:

• Press F12 (Configure) to customize the report.
• In the “Cost Components” section, select the cost components you want to include in the analysis. Common options include:
  • Opening Stock Value
  • Purchases
  • Consumption
  • Returns In
  • Returns Out
  • Adjustments
  • Other Costs

5. Set Ageing Analysis (Optional):

If you want to analyze the cost based on the age of the stock, enable the “Ageing Analysis” option and configure the ageing periods.

6. Print or Export:

• Press Alt+P to print the report.
• You can also export the report to Excel for further analysis.

2. Example of Configuring Stock Item Cost Analysis Report in TallyPrime:

You want to analyze the cost of a product named “Product A” for the month of July.

1. Open the Stock Item Cost Analysis report.
2. Select “Product A”.
3. Set the date range from July 1st to July 31st.
4. In the “Cost Components” section, select “Opening Stock Value,” “Purchases,” “Consumption,” and “Adjustments.”
5. Print or export the report.

3. Additional Tips:

1. Create Custom Reports:

If you need more specific analysis, consider creating custom reports using TallyPrime’s report builder.

2. Compare with Actual Costs:

Compare the cost analysis results with your actual costs to identify variances.

3. Analyze Cost Drivers:

Use the report to identify the key factors driving the cost of the stock item.

By following these steps and customizing the report to your specific needs, you can effectively analyze the cost components of stock items in TallyPrime.

This information can help you make informed decisions about pricing, inventory management, and cost reduction strategies.