Author: Rishit Shah
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Tracking Stock Item Details Batch-Wise in TallyPrime: 2 Methods
TallyPrime allows you to track stock item details at a granular level by utilizing the batch functionality. This is beneficial for: Here’s a detailed explanation on how to track stock item details batch-wise in TallyPrime with examples: 1. Prerequisites for Tracking Stock Item Details Batch-Wise in TallyPrime: 1. Enable Batches: Ensure the “Maintain Batches” feature…
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Assign Batches to Purchased Stock Items in TallyPrime: 4 Steps
While creating a purchase voucher in TallyPrime, you can directly assign the purchased stock items to specific batches. This functionality is particularly beneficial for: Here’s a detailed explanation on assigning batches to purchased stock items with an example: 1. Prerequisites to Assign Batches to Purchased Stock Items in TallyPrime: 1. Enable Batches: Ensure the “Maintain…
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Selling Stock Items from Batches/Lots in TallyPrime: 8 Easy Steps
TallyPrime allows you to sell stock items while considering the specific batches or lots they belong to. This functionality is particularly beneficial for: Here’s a detailed explanation on selling stock items from batches or lots in TallyPrime with an example: 1. Prerequisites for Selling Stock Items from Batches or Lots in TallyPrime: 1. Enable Batches:…
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Setting Up Batches for Stock Items in TallyPrime: 7 Steps + Example
TallyPrime allows you to manage inventory with batches, which are useful for tracking specific lots or acquisitions of stock items. This functionality is particularly beneficial for: Here’s a detailed explanation on setting up batches for stock items in TallyPrime with an example: 1. Prerequisites for Setting Up Batches for Stock Items in TallyPrime: 1. Enable…
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Rate per unit: Cost Estimate report vs Manufacturing Journal in TallyPrime
The rate per unit concept in the Cost Estimates report and the Manufacturing Journal in TallyPrime serve different purposes in the production costing process. Here’s a detailed explanation with examples: 1. Cost Estimates Report in TallyPrime: 1. Example: Rate per Unit in Cost Estimates Report Cost Estimates Report: Name of Item Quantity Unit Cost Amount…
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View Cost Estimates Report in TallyPrime: 5 Options + Example
The Cost Estimates report in TallyPrime provides a breakdown of the estimated cost per unit of production for a finished good based on the Bill of Materials (BOM). This report is beneficial for: 1. Understanding Production Costs: Estimates the overall cost of manufacturing a finished good by considering the cost of raw materials included in…
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Damaged or Scrapped Stock Item Details in TallyPrime: 8 Steps
TallyPrime doesn’t offer a direct way to maintain detailed information about damaged or scrapped stock items within Bills of Materials (BOMs). However, you can achieve this using a combination of features: 1. Understanding the Options for Maintaining Damages or Scrapped Stock Items Details in TallyPrime: 1. Stock Groups: While creating stock items, you can assign…
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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…