Value of Stock Items Including Additional Cost of Purchase in TallyPrime

To know the total value of stock items including additional costs of purchase in TallyPrime, you can use the following methods:

Table of Contents

1. Stock Summary Report in TallyPrime:

Access the Report: Go to Gateway of Tally > Reports > Inventory > Stock Summary.
Customize the Report: You can customize the report to include columns like “Cost Price” and “Additional Cost”.
Analyze the Report: The report will display the total value of each stock item, including the additional costs.

2. Inventory Valuation Report in TallyPrime:

Access the Report: Go to Gateway of Tally > Reports > Inventory > Inventory Valuation.
Select the Valuation Method: Choose the appropriate valuation method (e.g., FIFO, LIFO, Weighted Average).
Analyze the Report: The report will show the total value of inventory, considering additional costs.

3. Stock Group Summary Report in TallyPrime:

Access the Report: Go to Gateway of Tally > Reports > Inventory > Stock Group Summary.
Select the Stock Group: Choose the relevant stock group.
Analyze the Report: The report will display the total value of inventory within the selected stock group, including additional costs.

4. Example to Know Total Value of Stock Items Including Additional Cost of Purchase in TallyPrime:

Suppose you purchased 10 units of a product at a net price of Rs. 100 per unit.

You also incurred a 10% GST and Rs. 100 as freight charges.

The total cost per unit would be Rs. 121.

1. Stock Summary Report:

The report would show the total value of the 10 units as Rs. 1210 (10 units * Rs. 121 per unit).

2. Inventory Valuation Report:

The report would include the additional costs in the valuation of the inventory.

3. Stock Group Summary Report:

If the product belongs to a specific stock group, the report would show the total value of all items in that group, including additional costs.

5. Key Points to Remember:

Accurate Costing: Ensure that the additional costs are accurately allocated to each stock item.
Regular Updates: Keep your inventory records up-to-date to reflect changes in prices and additional costs.
Periodic Reviews: Regularly review your inventory valuation methods to ensure accuracy.

By using these reports and techniques, you can effectively track the total value of your stock items, including additional costs, and make informed decisions about inventory management and pricing.