Creation of Stock Group To create the Stock Group in TallyPrime, 1. From Gateway of Tally > select Create N w > under Inventory Masters > select Stock Group. Alternatively, we can click G: Go To > Create Master > select Stock Group .In the Name field enter as Washing Machine > In Under field select as Primary. . Set Should quantities of items be added to Yes The Stock Group Creation screen Figure 1.7 Stock Group ‘Creation screen 4.Press Enter twice to Accept the screen.To create Multiple Stock Groups from Chart of Accounts in TallyPrime, my .From Gateway of Tally > Chart of Accounts > under Inventory Masters >select Stock Groups Click H: Multi-Masters or press Alt+H . From the List of Multi-Masters, select Multi Create From the Multi Stock Group Creation screen, In the Under Group field, select as All Items (by selecting as All Items, we can create multiple sub stock groups which belongs to different main stock group). . Enter the Sub Stock Group names by referring the Table 1.7 wn - ul The completed Multi Stock Group Creation screen appears as shown in figure 1.8: Figure 1.8 Multi Stock Group Creation screen w . Accept the screenStep 2: Creation of Stock Category Stock Category offers a parallel classification of stock items. Like stock groups, classification is done based on similarity in behaviour or nature. For example If the stock item by name LG 6Kg Top Load-WM is out of stock ;then if you had maintained stock category , then it will be easy to find out other available Washing Machines _ in different brands with same features i.e., other alternatives like Samsung 6Kg Top Load-WM Sri Devi International. want to categorize the stocks of a different model of the same Washing Machine and Washing Powder as follows: Seek Table 1.9 To create the Stock Categories of Table 1.9 in TallyPrime, . From Gateway of Tally > Chart of Accounts > under Inventory Masters >select Stock Categories Click H: Multi-Masters or press Alt+H From the List of Multi-Masters, select Multi Create In the Multi Stock Category Creation screen, select All Items in Under = vn >The completed Stock Category Creation screen appears as shown in Figure 1.9: | Hu [mh Figure 1.9 Stock Category Creation Screen 5. Accept the screen. Step 3 Creation of Unit Stock items are purchased and sold based on quantity. The quantity in turn is measured by units. In TallyPrime, such goods are quantified using ‘Unit’ .To create the Simple Units of Measure in TallyPrime, From Gateway of Tally > select Create > under Inventory Masters > select Unit Numbers. ‘Against the Field ‘Action to be Performed Type By default, it takes as Simple Symbol Enter as Nos. Formal name Enter as Numbers Number of decimal places By default, ittakes as 0 Activity: Create a Simple Unit - Symbol is Kgs. and Formal name is Kilograms. Number of decimal places enter as 2 After creating the Units, click G: Go To > in the Search field, type as Chart of Accounts > Enter on Chart of Accounts > under freentoy Masters > select Units.Step 4: Creation of Stock Item Stock Item refers to goods that you trade. It is the primary inventory entity and is the lowest level of information on your inventory. Let us create the e following stock items: ‘Saeko Ne catagory. This oF esau Su eset Front oad ais on a awa sie co aR Top TSR suet Exce! ‘ate Top Load Power os. Ai si ro and Po et ‘Mate Front Load Powder el ae Top Load Power ‘Mati Top Load Powder Table 1.13 To create multiple stock items from Chart of Accounts in TallyPrime, 1. From Gateway of Tally > Chart of Accounts > under Inventory Masters > select Stock Items 2. Click H: Multi-Masters or press AlttH 3. From the List of Multi-Masters, select Multi Create -.From the Multi Stock Item Creation screen, press F12:Configure and enable the following options ¢Skip the Opening Qty, Rate , & Amount columns to Yes ( By enabling this option we can skip the opening Qty, Rate and Amount columns, provided for faster creation of inventory) ¢ Show Stock Category Details to Yes and accept the Configuration screen . In the Under Group field, select as All Items . Enter the Stock Item Name under Name of ItemThe Completed Multi-Stock Item Creation screen appears as shown in figure 1.11 Figure 1.11 Multi Stock Item Creation Screen 3. Accept the screen. Activity: Referring to Table 1.14, create the Stock Items using Multi Masters creation. ‘Non Perishable Goods “Steak Rem Name ‘Sock Group Stock Category This of Measure 1G Kg Top Load-WM Top toad LG Kg Top Load-WM- LG akg Front Load-WM 16 Washing Machine Front Load ‘Samsung og Top Load Wit Nos. Top toad wsung_6Xg Top Load ‘Samsung 6Xg Front Load-WN_| Samsung Washing Machine Table 1.14 Front Load After Accepting the Multi Stock Item Creation screen, we can view the List of Stock Items as shown in Figure 1.12 SSStep 5: Creation of Godown The place where stock items are stored is referred to as a Godown. It can be warehouses, racks, showrooms, etc. You can obtain stock reports for each Godown and account for the movement of stock between Locations/Godowns. Sri Devi International, has Two Godowns where it stores all stock items. These godown are used during purchases and sales of goods. Create the following godown Ares Delhi Location Farnataka Location Table 1.15 To create a Godown in TallyPrime, .From Gateway of Tally > Chart of Accounts > under Inventory Masters > select Godowns 2. Click H: Multi-Masters or press Alt+H = 3. From the List of Multi-Masters, select Multi Create 4. The Multi Godown Creation screen appears >. In the Under Godown field, select as All Items 5.Enter the Name of Godown Delhi Location under Name field . Cursor moves to Under, click on |;:More Details >Enter Godown Address>select Primary and Enter N