Go to Gateway of Tally > Display > Inventory Books > Physical Stock Register An analysis of the stock recorded in the register gives us an insight into the causes of discrepancies to ensure that timely action is taken. This register summarises the stock adjustments made during the reporting period. The cause of discrepancy can be recorded in the narration field of the physical stock journal voucher. In the inventory books, the actual balance of stock in hand as on the date of voucher entry is shown and the difference in stock is automatically added as inwards or outwards as the case may be. QuantityĮnter the Physical Stock quantity Physical Stock RegisterĪ Physical Stock Voucher is used to record the actual stock of a particular stock item. Select the Batch number (Batch details will appear only if, Batch wise details are activated in the Stock Item Master screen) for which the Physical Stock quantity is to be recorded. Select the Godown (Godown will appear only if, Maintain multiple godown is activated in F11:Features :F2:Inventory Features), in which the Physical Stock taking was conducted. Select the name of the item from the List of items, for which physical stocks need to be recorded.
If you have configured the vouchers so that physical stock difference is not ignored, then all transactions subsequent to the physical stock voucher will use the balance as mentioned in that voucher Physical vouchers will be useful for recording purposes only if you have configured inventory vouchers to ignore physical stock differences. It is not unusual that the company finds a discrepancy between actual stock and computer stock figure.
It could happen that the Book Stocks and the Physical Stock do not match. Physical Stock Voucher is used for recording the actual stock which is verified or counted. In such case you need to pass a physical stock voucher as explained below. Generally sales, purchase and manufacturing voucher entries help to keep a track of stock quantity however some incidents arise that there is a difference between your actual physical stock and the stock as per your tally records. recording production and consumption voucher in tally help to get access to your stock at any time which is very useful for preparation of balance sheet as well quantity recording which generally you have to give to your statutory and other auditors. As said earlier inventory management in Tally provides a complete inventory solution.
How to maintain stock register in tally erp 9 update#
Update the following details on Company Alteration Screen: After executing the inventory features, the following screen will display: We can enable or disable the options for day to day business transactions using the inventory features.
Inventory features are subdivided into 7 functions, which are as follows: In Tally ERP 9, Inventory features consist of configurations related to inventory transactions and reports. Next → ← prev Inventory features in Tally ERP 9