How to View & Analyse Inventory in TallyPrime: 7 Simple Steps

Jan 17, 2024

—

by

Rishit Shah

in Intermediate

Here’s how to view and analyze inventory in TallyPrime:

Table of Contents

1. Access Inventory Reports:

Go to Gateway of Tally > Display > Inventory Books or press Alt+R (Reports) > Inventory Reports.

2. Key Inventory Reports in TallyPrime:

Stock Summary: View item-wise stock details with quantities, rates, and values, optionally filtered by godowns or groups.
Movement Analysis: Track stock movement for specific items, including purchases, sales, transfers, and manufacturing.
Stock Query: Get detailed information about a particular item, including its current balance, rate, opening balance, and transactions.
Godown Summary: View inventory summaries for individual godowns or a hierarchy of locations.
Item-wise Physical Stock Register: Compare physical stock counts with TallyPrime records for reconciliation.

3. Customize Reports:

Use F12 (Configure) to tailor reports:
- Choose specific periods, godowns, stock groups, or items.
- Adjust display format and content.
- Apply filters and sorting.

4. Additional Insights in TallyPrime:

Stock Ageing Analysis: Identify slow-moving items with potential obsolescence risks.
Stock Valuation Reports: Assess inventory value based on different methods (FIFO, LIFO, Weighted Average).
Sales Register: Analyze sales trends and stock turnover for better inventory planning.
Purchase Register: Track purchase patterns and supplier performance.

5. Utilize Dashboards and Insights:

TallyPrime offers visual dashboards and insights to highlight key inventory metrics.
Monitor stock levels, value, turnover, slow-moving items, and more at a glance.

6. Export Data from TallyPrime:

Export reports to Excel or PDF for further analysis and sharing.

7. Best Practices for Viewing & Analyzing Inventory Reports in TallyPrime:

Regularly review inventory reports to identify trends, issues, and optimization opportunities.
Set up alerts for low stock levels or critical items.
Integrate inventory reports with other business data for comprehensive analysis.

By effectively utilizing these features, you can gain valuable insights into your inventory health, make informed decisions about stock management, and optimize your business operations in TallyPrime.