• TallyPrime Server
  • Developer Reference
  • Tally.ERP 9

Manage Your Stock Items

Does your business involve stock items or inventory in the day-to-day transactions? If so, you certainly need to manage and keep track of all your stocks – how much of them have been sold every day, what is the balance stock, are the stocks moving as per the demand, do you have too much unused stock and so on. In TallyPrime, you can create as many stock items as you have in the business, specify units of measurements (UoMs) for each stock item and define tax rates, without having to enter these details again during transactions.

Whether you keep your stocks in different groups, batches or godowns, based on your business practices, you can find the details of your stock  items any way you need. Real-time view of your stock quantity helps to refill your stock in advance to avoid the risk of losing customers, You can also view stock item reports for each group or batch as needed.

Create & use stock items : Like other masters in TallyPrime, such as ledgers, godowns, stock groups, and so on, you can create stock items by providing a few details. Just enter the name of the stock item and you are done! You can set up details such as Unit of Measurement (UoM) and tax rates any time later. You can also define quantity, rate, and value as the opening balance of your stock. Once you create a stock item and use it in your transactions, reports in TallyPrime start tracking the stock item – sales or purchase transactions that include that stock item, number of stock items sold from period to period, overall stock position of your business, and so on.

Group your stock items : Having a stock group is not mandatory to create a stock item in TallyPrime. If you have been maintaining your stock items without creating any Stock Group, TallyPrime considers all stock items under an internal group called Primary .

However, if you keep your stock items in different groups depending on any of their common features such as brand, product type, or size, use the Stock Group feature in TallyPrime. For example, stock items made of the same fabric – say synthetic – can be under one stock group and stock items with cotton fabric can be in a different group. This will not only help to organise the stock items but also provide a consolidated view of the stock items with you.

In certain cases, stock items from different groups also have a common property and therefore can be categorised across multiple stock groups, using Stock Categories.

For example, stock items made of synthetic fabric are sold at two different prices – TypeA_Ctt at Rs. 500 and TypeB_Ctt at Rs. 900. Similarly, synthetic stock items are sold as Type1_Syn for Rs. 900 and Type2_Syn for Rs. 500. In such cases, keeping the stock group as is, you can create stock category in TallyPrime to see the pricing wise grouping of stock items at the same time.

The items are classified into Cotton and Synthetic stock groups; at the same time, they are also classified as Items at Rs. 500 and Items at Rs. 900 – the stock categories in this case. Therefore, stock items TypeA_Ctt’ and ‘Type1_Syn’ (which are part of different stock groups) are viewed as part of the stock category – that is ‘Items @ Rs. 500’. This also helps you get an insight of how many stock items of a particular price is available or sold at a given time.

Know stock position of your business : Reports in TallyPrime can provide you details of your stock items in different ways. You can view stock position of your business based on the stock item groups and categories. Like any other reports in TallyPrime, stock item details can further be viewed for different periods, such as daily, weekly, monthly, quarterly or yearly, You can configure your reports to view stock items to each party your business deals with. Knowing the overall stock position of your business helps you to decide if you need to fill in the stock items, if items are moving fast or under a particular period or group and so on.

Stock Items

A stock item in TallyPrime is required to fill in information about the stock or inventory that your business deals with. Once you have created stock item, you can records your business transactions and keep track of the stock item details. Simply enter the name of the stock item you want to create and save it. Also, provide the opening balance details such as quantity, rate, value applicable tax rates so that you can record transactions in less time, without the need to enter all of these details each time in the transactions.

In TallyPrime Edit Log Release 2.1 and TallyPrime Release 2.1 onwards, you also have a facility to track the history of various activities such as creation, alteration, and deletion that affect Stock items. However, you cannot simply delete a stock item that is already used in any transaction or in some other cases like a BOM (Bill of Materials) entry. You will need to first delete all the vouchers and references of the stock item from all such cases before deleting that stock item.

In this section

  • Create stock items
  • Delete stock items

Create Units for Stock Items

Tax rate of stock items, stock items in transactions.

  • Opening Stock and Closing Stock values

Create Stock Items

  • Gateway of Tally > Create > type or select Stock Item > and press Enter . Alternatively, press Alt + G (Go To) > Create Master > type or select Stock Item > and press Enter .
  • Name & alias : As in other masters, you can specify multiple aliases for the stock item.
  • Under : Select Primary or an existing Stock Group. If you have not created any Stock Group, you can create one in TallyPrime to assign to the stock item. As always, press Alt + C , to create a master on the fly. Alternatively, press Alt + G (Go To) > Create Master > type or select Stock Items > press Enter .
  • Unit Creation > Unit Quantity Code (UQC) > select New UQC .
  • Enter the UQC Name , and press Enter .

For every item in TallyPrime you can associate one or more units of measurement. There are no default Units available. You can create a Simple Unit, or a Compound Unit as needed for each item. You can also use Alternate units, if needed.

We will help you understand in which scenario you will choose Simple Unit, Compound Unit, or Alternate Units under what conditions.

Simple Unit : A Simple unit consists of a single unit. For example, Meters (m), Kilogram (Kg), Numbers (Nos), and so on. You can use the Simple unit when you are dealing with an item that does not need more than one unit or where only one unit is needed for buying or selling.

Compound Unit : A Compound unit is a combination of two Simple units. You can use a Compound unit when you are dealing with an item that requires more than one unit or when your buying and selling units are different for that item. For a constant unit of measurement, Compound units are used. For example, a Kg (Kilograms) of 1000 Gm (Grams), a Doz (Dozens) of 12 Nos (Numbers), and so on.

Alternate Unit : The Alternate unit is determined by the base unit, whether it is a Simple unit or a Compound unit. You can use an Alternate unit when there are multiple units used by the item and their conversion is flexible or dynamic during the transaction. For example, if you are a business owner who purchases Rice bags, where the conventional conversion is that 1 Bag equals 50 Kg, but sometimes 1 Bag may not always calculate 50 Kg. It may sometimes weigh 49 Kg or 49.5 Kg. Since the unit conversion is not constant or is dynamic, we recommend you to use the Alternate unit. Alternative units give you the ability to easily adjust your unit of measurement based on the conversion you are dealing with, in real time, throughout a transaction.

  • Statutory Details : Set the applicable Taxability option for the stock item under Statutory details, The option will depend on the option enabled in the F11 (Features) screen. Click here to see more .
  • Quantity : Specify the stock item Quantity.
  • Rate : Specify the stock item Rate.
  • Value : TallyPrime automatically calculates the value by multiplying the Quantity and Rate. You can also edit the value, TallyPrime automatically refreshes the Rate field accordingly.

stock transfer journal entry in tally

Delete Stock Items

In some business scenarios, you might no longer be dealing with certain stock items that were once a part of your inventory. There can also be a situation where a stock item was accidentally created. In TallyPrime, you can delete such stock items from your Company Data. However, there are certain situations where deleting a stock item will have the following dependencies. 

  • You cannot delete a stock item that is already used in a voucher. Therefore, you will need to first delete all the vouchers related to the stock item and then delete that stock item.
  • You cannot delete a stock item that is referenced in any voucher class, configurations, or other masters. You will need to remove the references of the stock item from all such cases, before deleting that stock item.

Otherwise, you can delete a stock item from the Stock Item Alteration screen itself.    

  • Press  Alt + G  (Go To) >  Alter Master  > type or select  Stock Item  and press  Enter . Alternatively,  Gateway of Tally  >  Alter  > type or select  Stock Item  and press  Enter .
  • Press  Alt + D  to delete the stock item.

Depending on your business, you may be selling or buying stock items in different units. For example, you can use simple units like Meters, Centimeters, or Nos. If you sell items in bags and boxes of standard sizes – say 100 kg for a box, using TallyPrime, you can create all different units as per your needs.

Simple Unit

  • While creating a stock item, press  Alt+C , to create a unit master on the fly. The Unit Creation (Secondary) screen opens.
  • Enter the Symbol . By default, the Type field will be selected as Simple .
  • Enter the Formal name for the simple unit.
  • Select the Unit Quantity Code (UQC) relevant to the stock item from the list provided. The list consists of the number of Unit Quantity Codes (UQC) available for your product or commodity as declared by the Government or GSTN.
  • Press Y to accept the screen. As always, you can press Ctrl+A to create a Simple unit.

In a similar way you can create other Simple Units. In case you want to enable additional configurations for your units, press F12 (Configure) on the Unit Creation screen.

Compound Unit

  • While creating a stock item, press Alt+C to create a unit master on the fly. The Unit Creation (Secondary) screen opens.
  • Press Backspace and select Compound if the Type is selected as Simple .
  • Enter the Compound unit as the First unit . For example, Kg.
  • Enter the Conversion For example, 1000. Note : Compound units can be created up to any level. For example, milligram < gram < kilogram < quintal < tonne. However, the relationship between the units should be convertible.
  • Press Y to accept the screen. As always, you can press Ctrl+A to create a Compound unit.

Alternative Units

To use Alternate units in a transaction, ensure they are enabled on the Stock Item master.  

  • Press F12 (Configure) and set Use Alternative Units to Yes .
  • Press Ctrl+A to save the configuration and return to the Stock Item Creation screen.
  • Select any simple or compound unit in Units field, as required. The Alternate units field appears.
  • Select the appropriate Alternate units . You can always create an alternative unit on the fly by pressing Alt+C .
  • Enter other relevant details in the Stock Item Creation screen, as applicable.
  • Press Y to accept the screen. As always, you can press Ctrl+A to save the master.

Use of Alternate Units in a Transaction

Alternative units are provided in TallyPrime to handle the user-defined units which may not have a constant conversion.

For example, when you are recording a transaction with a:

Consequently, Alternative units have the flexibility of defining user-defined units that are dynamic, which ensures that the calculation of the stock item will always come out accurate irrespective of the unit.

Stock items attract different tax rates as per the department. Business dealing with stock items need to consider the applicable tax rates in their transactions. To do so, you can set up the tax rate details for the stock items in TallyPrime. The details your enter for the stock items will be automatically considered for calculation in your transactions.

When creating or altering the stock item master

  • If you do not see this option, ensure that Enable Goods and Services Tax (GST) is set to Yes in F11 for your company.
  • If you need to use this option only for the current master, Press Ctrl + I  (More Details) > type or select  GST Details > and press Enter . In case the option is inactive, you will be prompted to enable the GST feature for your Company. Select  Yes  or press  Y  to proceed.
  • GST Applicable : Select Applicable , if the stock item is eligible for tax calculation.

stock transfer journal entry in tally

  • Gateway of Tally > Vouchers > press F8 (Sales). Alternatively, Alt + G (Go To) > Create Voucher > press F8 (Sales).
  • After you select the stock item in the Name of Item field and press Enter , in the Stock Item Allocations screen, select the Godown , Quantity , and Rate . The Amount will get calculated automatically.

stock transfer journal entry in tally

Opening Stock and Closing Stock Values

In your business, there may be situations when you will find discrepancies in the actual amount of stock in your godown or shop and the amount recorded in the system due to inventory shrinkage, mismanagement of returns, misplacement of stock items, and other human errors. In such cases, you can enter the actual opening and closing stock for the stock item separately.    

  • Alt+G (Go To) > select Create Master > select Ledger > press Enter . Alternatively, Gateway of Tally > Create > select Ledger > press Enter .
  • Enter the name of stock item.
  • In the Under section, type or select Stock-in-Hand > press Enter .
  • Enter the amount corresponding to Opening Balance .
  • Accept the screen. As always, press Ctrl + A to save.
  • Alt+G (Go To) > select Alter Master > select Ledger > select the ledger you created for stock item > press Enter .
  • Enter the Date and Closing Balance value. Press Ctrl+A to save

To view the Opening and Closing Balances in your financial report

  • Press F11 > set Integrated Accounts with Inventory to No .
  • Press Alt+G (Go To) > select Profit & Loss A/c and check Opening Stock and Closing Stock values.

View Edit Log for Stock Items

In your business, there may be situations in which you will need to update the cost of the Stock Item, HSN/SAC code, unit, and other field values. Such changes impact your financial data.

Edit Log tracks all the activities impacting your Company data.  

  • Press  Alt+G  (Go To) > type or select  Chart of Accounts  and press  Enter  > select Stock Item and press  Enter .  Alternatively, press  Alt+G  (Go To) >  Alter Master  > Type or select Stock Item and press  Enter .
  • Type or select the name of the Stock Item and press Enter. The  Stock Item Alteration  screen appears. If you drill-down on a deleted Stock Item from Chart of Accounts, then the  Edit Log  report opens.

Edit Log for Stock Items in TallyPrime

  • Press  F12  (Configure).
  • Show altered values only :  Yes .  Subsequently, only the values that you have changed in the stock item will be highlighted in red text. For instance, if you had changed Quantity, Rate, or Name of the stock item, then you will be able to view it. Set it as  No , if you do not want to view those values.
  • Show configuration-based value   (such as Yes/No, or change from blank to Not Applicable/Primary) :  Yes .  Subsequently, you will be able to view the difference in the configurations of both the versions. For instance, if you had changed fields such as  Use Alternate Units  and  Provide MRP Details  under  F12  configurations, then you will be able to view it. Set it as  No , if you do not want to view the difference in the configurations of both the versions.

Differences Between Edit Log Versions Configuration

Classify Stocks Items | Stock Groups and Stock Categories

Managing stock items in groups help in easily locating them, especially when you need to track different stock items sharing a common feature – say a common brand, product type, material used, and so on. You can get a consolidated view of the total stock items available under that group. Stock items under a group need to have the same unit of measurement for consolidation and better management. This also helps in reporting of stock items group-wise in the financial statements.

Create Stock Groups

Create stock categories.

  • Gateway of Tally > Create > type or select Stock Group and press Enter . Alternatively, press Alt + G (Go To) > Create Master > type or select Stock Group > and press Enter .
  • Under : Select Primary or an existing Stock Group. If you have not created any Stock Group, you can create one in Tallyprime to assign to the stock group. As always, press Alt + C , to create a master on the fly. Alternatively, press Alt + G (Go To) > Create Master > type or select Stock Group > press Enter .
  • Should quantities of items be added : It pertains to information on measuring the units of the Stock Items that you would categorise under the Stock Group. The Stock Items categorised under the group should have similar units for them to be added up. You cannot add quantities in Kgs to quantities in Pcs.
  • Set/alter GST Details : Enable this option to define the GST rate.

stock transfer journal entry in tally

Stock category offers a parallel classification of stock items, categorizing items is that you can classify the stock category based on functionality together in a group. You can classify the stock category across different stock groups which enables you to obtain reports on alternatives or substitutes for a stock item.

  • Gateway of Tally > Create > type or select Stock Category and press Enter . Alternatively, press Alt + G (Go To) > Create Master > type or select Stock Category > and press Enter .
  • Under : Select Primary or an existing Stock Group. If you have not created any Stock Group, you can create one in TallyPrime to assign to the stock categories. As always, press Alt + C , to create a master on the fly. Alternatively, press Alt + G (Go To) > Create Master > type or select Stock Category > press Enter .

stock transfer journal entry in tally

Click to see the F12 configurations for Stock Categories.

Track Stock Item Details Using Reports

Maintaining stock items will also need to know your stock positions based on different parameters – by period, by manufacturing and expiry dates, by stock groups, by age of  your stock items and so on. Reports in TallyPrime provides all such details with real-time record of your stock position. You can also find out the last selling or purchase price of the stock items as a reference to set up the price in the future. You can configure the reports to know the overall consumption and production or sort stock items or groups as you need for your business.

Stock Summary

Stock group summary, stock category summary, movement analysis, ageing analysis, stock query.

The Stock Summary is a statement of the stock-in-hand on a particular date, and it updates the stock record real time. Stock Summary provides information on stock groups, and shows the quantity details, rate, and closing value of the stock items under each group. For more details, see Stock Summary .

This report is available when the option Integrate Accounts with Inventory is set to No in the Company Features screen.

It displays Opening and Closing Stock figures from the ledger account master, rather than the inventory records. Hence, it is possible that Stock Summary and the Stock Group Summary report display different figures.

  • Gateway of Tally > Profit & Loss A/c > select Opening Stock (or Closing Stock) and press Enter . Alternatively, Alt + G (Go To) > Profit & Loss A/c > select Opening Stock (or Closing Stock) and press Enter .
  • Drill-down from Stock Group Summary to view the Stock Ledger account where you can manually key in the closing balance for a given date. You can enter the closing stock figures for different dates.

The date for the closing balance is the beginning from date and till date. If there is no date that follows the last, then that Closing Balance continues. A blank against a date signifies zero balance.

The Stock Category Summary lists the Closing Balances of all items belonging to the selected category.

  • Gateway of Tally > Display More Reports > Inventory Books > Stock Category Summary . Alternatively, Alt + G (Go To) > type or select Stock Category  Summary and press Enter .

stock transfer journal entry in tally

  • Use Show Profit for profitability analysis for the Items in the Category.
  • Press F7 (Show Profits) to expand the Outwards Column for Consumption and Profit figures.

Movement analysis shows the analysis of only those inventory transactions which are integrated with the accounts, i.e. inventories which are also recorded in the books of accounts. Inventory vouchers which affect the stock only in quantitative terms are not considered.

Movement analysis report is used for comparative studies. They give an insight into the flow characteristics of the stock in an organization. It also helps in finding out the slow moving items which cause blockages in the flow of the working capital of the organization. For more information, refer to Movement Analysis .

Stock Ageing Analysis Report in TallyPrime displays the age of the stock-in-hand. This report lists the age-wise break-up of inventory to demarcate old stock. TallyPrime gives its users the flexibility to define their own ageing slabs. Ageing Analysis lists out items batch wise, that have already expired or may expire in the near future. This information will help you keep track of the age of stock and also quick moving inventory, as older stock may depreciate in value or become obsolete, and result in a loss. For more information, refer to Stock Ageing Analysis Report .

The Stock Query report provides complete information pertaining to a particular stock item. The details include Alias, Part No., Stock Group, Stock Category, available Closing Quantity & Balance, Cost Price, Std. Selling Price, Costing Method and Market Valuation Method, and so on. For more information, refer to Stock Query Report .

Related Topics

  • Manage Your Company Data in TallyPrime
  • How to Add Additional Cost of Purchase on Stock…
  • How to Reorder Stock Items in TallyPrime
  • How to Save View of Your Customised Reports in TallyPrime
  • How to Mark the Modified Vouchers in TallyPrime and…

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Stock Journal in Tally.ERP 9: An Overview of Inventory Management

In Tally ERP 9, a Stock Journal Voucher is used to record the following transactions:

Stock Journal

Stock Journal is a feature in Tally.ERP 9 that allows users to record inventory transactions such as inter-unit transfers, manufacturing journals, and physical stock adjustments. In simple terms, it is a type of voucher entry that enables the user to update inventory details.

Tally.ERP 9 is an enterprise resource planning software that is widely used in businesses to manage their financial transactions and inventory. It allows users to record and manage various types of vouchers such as sales, purchases, payments, and receipts, among others.

In the case of Stock Journal, it is used to record the movement of goods between different locations or units of a business. For example, if a company has multiple warehouses or branches, they can use Stock Journal to transfer inventory from one location to another. Similarly, if a company has a manufacturing unit, they can use Stock Journal to record the production of goods.

When a user creates a Stock Journal entry in Tally.ERP 9, they need to provide details such as the stock item, quantity, rate, and location. Tally.ERP 9 automatically updates the inventory and accounting records based on this information. This helps users to maintain accurate stock and financial records.

In summary, Stock Journal is a feature in Tally.ERP 9 that allows users to record inventory transactions and update inventory and accounting records. It is useful for businesses that have multiple locations or units and need to transfer inventory between them or record production of goods.

The stock of Calculator 3 nos transferred to chennai branch

Stock Journal

To create a stock journal entry in Tally ERP 9 for the transfer of 3 calculators to the Chennai branch, you can follow these steps:

  • Go to the Gateway of Tally and select the option for "Inventory Vouchers" .
  • Select the type of voucher as "Stock Journal" from the list of voucher types.
  • In the "Stock Journal" voucher screen, select the source location where the stock is being transferred from and the destination location where the stock is being transferred to.
  • Enter the voucher date as per the date of the transfer.
  • In the "Particulars" field, select the stock item for the Calculator and enter the quantity as "3" to indicate that 3 calculators are being transferred out of the source location.
  • In the "Name of Item" field, select the stock item for the Calculator .
  • Verify the details entered and save the voucher by pressing "Ctrl+A" .

Once the entry is saved, it will be reflected in the stock summary and stock transfer registers. The quantity of the stock item will be reduced from the source location and added to the destination location.

  • Tally ERP 9

Basics of Tally ERP 9

  • Introduction of Tally ERP 9
  • Basic of Accounts in Tally ERP 9
  • Types of Accounts in Tally ERP 9
  • Company Creation in Tally ERP 9
  • Groups in Tally ERP 9
  • Primary Group Natures in Tally ERP 9
  • Sub Group Natures in Tally ERP 9
  • Ledger Creation in Tally ERP 9
  • Groups & Ledger in Tally ERP 9
  • Vouchers in Tally ERP 9
  • Voucher Keys in Tally ERP 9
  • Payment Voucher in Tally ERP 9
  • Receipt Voucher in Tally ERP 9
  • Contra Voucher in Tally ERP 9
  • Journal Voucher in Tally ERP 9
  • Sales Voucher in Tally ERP 9
  • Purchase Voucher in Tally ERP 9
  • Credit Note Voucher in Tally ERP 9
  • Debit Note Voucher in Tally ERP 9
  • Stock Journal Voucher in Tally ERP 9
  • Physical Stock Voucher in Tally ERP 9
  • Receipt Note Voucher in Tally ERP 9
  • Delivery Note Voucher in Tally ERP 9
  • Rejection Outward Voucher in Tally ERP 9
  • Rejection in Voucher in Tally ERP 9
  • Purchase Order Voucher in Tally ERP 9
  • Sales Order Voucher in Tally ERP 9

Accounts Only

  • Trial Balance in Tally ERP 9
  • Trial Balance Example 2
  • Trial Balance Example 3
  • Trial Balance Example 4
  • Trial Balance Example 5
  • Trial Balance Example 6
  • Trial Balance Example 7
  • Trial Balance Example 8
  • Transaction Excise in Tally ERP 9
  • Accounts Only in Tally ERP 9
  • Voucher Example 1
  • Voucher Example 2
  • Voucher Example 3
  • Voucher Example 4
  • Cost centre in Tally ERP 9
  • Cost centre example 1
  • Cost centre example 2
  • Budget in Tally ERP 9
  • Budget example 1
  • Budget example 2
  • Payroll in Tally ERP 9
  • Payroll Example
  • BRS in Tally ERP 9

Accounts with Inventory

  • Inventory in Tally ERP 9
  • Inventory Sum 1
  • Inventory Sum 2
  • Inventory Sum 3
  • Godowns in Tally ERP 9
  • Godowns Excise 1
  • Godowns Excise 2
  • Interest in Tally ERP 9
  • Interest example sum
  • Price list in Tally ERP 9
  • Price list Sum1
  • Price list Sum2

Duties and Taxes

  • Value Added Tax in Tally ERP 9
  • Value Added Tax Example in Tally ERP 9
  • Service Tax in Tally ERP 9
  • Service Tax Example in Tally ERP 9
  • Tax Deducted At Source in Tally ERP 9
  • Tax Deducted At Source Example in Tally ERP 9

Theoretical Training in Tally ERP 9

  • One Mark Questions and Answers Part-I
  • One Mark Questions and Answers Part-II
  • Function Key Combination in Tally ERP 9
  • Special Key Combination in Tally ERP 9
  • Special Function Key Combination in Tally ERP 9
  • Key Combination Used for Navigation in Tally ERP 9

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Lesson-27 Stock Journal Voucher

Stock journal voucher, inter-godown transfer, manufacturing process.

stock transfer journal entry in tally

Source (Consumption)

Name of item, quantity, rate and amount, destination (production).

stock transfer journal entry in tally

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Interstate Stock Transfer with Stock Journal Voucher in Tally

Hi you know very well that Tally is an important accounting cum inventory software which also provide different taxation facility. There are lot of vouchers used in the Tally software without doing entries in these vouchers there is no effects made on current accounting. Today we discuss about the most important Inventory Voucher which name is Stock Journal Voucher which is used to transfer stock from one godown to any another godown, but both godowns are situated within the state.

Stock Journal Voucher in Tally:

If you want to transfer any stock from one godown to another godown with the state then you have to use Stock Journal voucher in Tally software. You have to press ALT+F7 Shortcut key to make entry in the Stock Journal voucher in Tally.

Must Read:  How to use Sales Voucher in Tally

E.g.If you have Computer Books 100pcs@200 each in your main location godown now you want to transfer 30pcs of computer books @200 each from main location godown to MI Road godown, and what stock  transfer entry made in Tally.

Steps to make entry in Stock Journal Voucher in Tally:

Step 1: First you have to create another godown with the name of “MI Road” in Tally software by choosing GOT (Gateway of Tally) > Inventory Info. > Godowns > Choose “Create” optin in Single or Multiple Godown category: Name: M I Road Under: Primary

Interstate Stock Transfer with Stock Journal Voucher in Tally

How to View of Print Report of Stock Transfer/ Godown wise:

Stock transfer report:.

If you want to view of print monthly Stock Journal Voucher Entries then you have to take following steps which is given below: GOT (Gateway of Tally) > Display > Stock Transfers > Select the month then press enter key.

Godown Report

GOT (Gateway of Tally) > Display > Statements of Inventory > Select “Godowns” option > Choose the name of Godwon or you can also choose Primary option to view all godowns report.

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I hope after reading this article you will be able to do entry in the Stock Journal Voucher in Tally software and if you like this article then give your important suggestions in the comment box and also share this article.

radhakanta parida

24/05/2016 at 9:21 AM

After stock transfer first location to second location location then first location hasn’t change because first location increase the item. i will talk to you regarding in this matter.

16/04/2016 at 10:06 AM

why this accept more amount stock if we tranferred 45000 stock then how its accept 55000 stock

abdul gaffar

30/12/2015 at 8:43 AM

i wan to learn to tally in deaply

Amit Sharma Post author

27/01/2016 at 3:24 PM

Dear Abdul,

First tell me are you related to commerce background or not? If you have commerce background then you have to read all the articles which is related to Tally. If you don't have commerce background then you just write me i will solve your problem….

27/01/2016 at 3:27 PM

If you want to learn tally in deeply then you just send your contact number. I will talk to you regarding this matter.

Rajib Deuri

02/04/2016 at 5:41 AM

Sir. Really i want to learn tally completely in short duration. kindly help me if possible.

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How to Import Stock Journal Data from Excel to Tally

Follow the below steps to import Stock Journal Data to TallyPrime or Tally.ERP9.

  • Login to your existing account or Signup a Free Account on Excel2Tally.in
  • Add a Company in which you want to import data, Company name should be the same as per the company name in Tally
  • Download our Sample Stock Journal Template and fill your data in the respective columns
  • Once your data is ready as per our template, upload and process the same
  • Once data process is completed, you will get Tally XML for download
  • Tally.ERP9 Users:  Open Tally > Open Tally Company > Import Data >  Vouchers  > Give the complete XML file path and press enter to import all your data to Tally.ERP9
  • TallyPrime Users: Open Tally > Open Tally Company > Click on Import > Transactions > Browse XML file and press enter to import all your data to TallyPrime

By following these steps you can practically import any number of vouchers in Tally without impacting your other data.

In case if your data is not imported as expected then please check the message displayed in the calculator panel or in Tally.IMP file, if you are unable to resolve the error, you may get in touch with our professional support executive on +91 7710010372 / 73 / 74 or drop an email on [email protected]

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How to pass entry for loss of stock in tally ?

vinayak c. chavan

vinayak c. chavan (CPT passed) (1011 Points)

How to pass entry for loss of stock in Tally ? We have lost some stock which is not insured.

 22 Replies

CA Vishal Jain

CA Vishal Jain (Chartered Accountant) (137 Points) --> Replied 31 August 2012

the simple treatment is that open a account in indirect exp. "Loss of stock due to _____" and "Stock lost a/c" in Purchases. pass following journal entry

Loss of stock due to _____                Dr.             Rs______

     To Stock lost a/c                                                               Rs ______

(Being stock lost due to ______)

on other hand while valuing closing stock the lost stock will not be taken into account that will decrease profit by that amount and your GP ratio will also not be effected.

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Brajesh gautam (student) (232 Points) --> Replied 06 September 2012

Dear Experts

what is legal procedure if stock get destroyed. or lost

DK Kanojiya

DK Kanojiya (PROFESSIOAL) (278 Points) --> Replied 07 September 2012

In Simple words, Deferred Tax Liability is a Provision for Future Taxation.

Arif Ali

Arif Ali (Apt Co Advisory) (1230 Points) --> Replied 17 September 2012

Pass a single entry in tally

Loss of stock due to ..... (Under Indirect exp.) A/c    Dr.

   To purchase A/c

Shivani

Shivani (Learner) (1881 Points) --> Replied 08 June 2014

but how will u do it if u r maintaing accounts with inventory in tally

and the company is a trading concern

sushan ghimire (article assistant) (22 Points) --> Replied 19 November 2014

naresh mody

naresh mody (Accountant) (52 Points) --> Replied 06 December 2014

Dear Sushan ji,

Please create a ledger as "Loss of goods (Stock) due to Theft/Fire (as the case may be) etc" under Indirect Expenses and another ledger as "Goods / Stock lost due to Theft/Fire"(with inventory activated) and group it under Purchase Accounts. If insurance claim is receivable, then create ledger Insurance Claim Receivable (under Current Assets) and then pass following JV;

Dr. Loss of goods due to theft                  xx

Dr. Insurance Claim Receivable                  xx

Cr. Goods/Stock Lost due to.....                       xx

when claim is received......

Dr Bank                                                xx

Cr Insurance Claim Receivable                         xx

Pradeep k (NA) (43 Points) --> Replied 15 April 2016

I need help with regards to goods lost/damaged at amazon wareshouse. In this case, amazon provides reimbursement as per fair market value decided by it. How can i pass journal entry for this transaction & loss of inventory.

SHACHI SHAH (CA) (59 Points) --> Replied 13 July 2016

I also have same query and wen I applied same entry in tally the stock does not decrease by it increases...my client is trader of raw cashew and he has to show loss of stock due to moisture. How it can be done?

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How to do closing stock journal entry in Tally?

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stock transfer journal entry in tally

But after physical verification, it was found that there around there are only 450pcs of whole bricks are there. The rest of the bricks were broken.

To rectify this, we will open a Physical Stock voucher.

The steps to open a Physical stock voucher are as follows:

In Tally ERP 9 : Gateway of Tally → Accounting Vouchers → Press Alt + F10 

In the physical stock voucher, we will select the stock item and enter the correct quantity, which is 450pcs. 

stock transfer journal entry in tally

After entering the details above, accept the voucher and open the stock summary again from Gateway of Tally. It will show the Bricks at 450pcs.

stock transfer journal entry in tally

Hence, this is how we can adjust our closing stock in Tally.

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COMMENTS

  1. Stock Journal Voucher

    1. Go to Gateway of Tally > Inventory Vouchers . 2. Click F7: Stk Jrnl . For example, the company transfers Item B from the warehouse to the shop. Note: To get the Godown details, enable the feature Maintain multiple Godowns in F11: Features > F2: Inventory Features . 3. Date: Enter the Date of Stock Journal entry. 4.

  2. How to Record Stock Transfer Journal in TallyPrime (Excise ...

    Gateway of Tally > Vouchers > press F10 (Other Vouchers) > type or select Stock Journal. Alternatively, press Alt + G (Go To) > Create Voucher > press F10 (Other Vouchers) > type or select Stock Journal. Select the Voucher Class created for transferring stock to importer unit. The dealer unit gets displayed as the Excise Unit.

  3. How to Pass Stock Journal Entry in Tally Prime 3.0

    Description: Learn step-by-step how to make stock journal entries in Tally Prime 3.0, with a special focus on stock transfers. This tutorial provides a comprehensive guide to handling...

  4. How to Record Stock Transfers or Branch Transfers as GST ...

    PDF Record Stock Transfers or Branch Transfers as GST Purchases and GST Sales In TallyPrime, you can easily record stock transfers or branch transfers as GST purchases & GST sales. You will need to record such transactions in case of transfer of material from one branch to another.

  5. How to Record Inventory Vouchers in TallyPrime

    Stock Transfers using Stock Journal To keep track of all your stock adjustments, you can use the Stock Journal voucher in Tallyrpime. In case of any additional costs/expenses incurred during the transfer and any kind of wastage as well, you can use Stock Journal to monitor all such stock adjustments.

  6. Stock Transfer entry ( Stock Journal ) In Tally Prime

    Stock Transfer entry ( Stock Journal ) In Tally Prime || GRN Entries In Tally Prime In Telugu - YouTube 0:00 / 29:47 Stock Transfer entry ( Stock Journal ) In Tally...

  7. Record Stock Transfer Outward and Inward (Excise for Dealer)

    Select the Record Stock Transfer Outward and Inward (Excise for Dealer) grouped under Branch/Divisions as the Party A/c name. Set the Destination Godown to Not Applicable. Select the stock item to view the Supplier Details screen and provide the required details. To link the purchase invoice

  8. Stock Journal Voucher

    Enter the narration, if required. Select the option Destination Godown on Top of Voucher in Printing Configuration While printing Stock Transfer Voucher Creating a Manufacturing Journal Voucher Creating a Transfer Journal Voucher Creating a Consumption Journal Voucher

  9. Stock Entry in Tally

    Save the entry. c. Stock Transfer Entry: To record a stock transfer entry in Tally, follow these steps: Go to Gateway of Tally > Inventory Vouchers > F7: Stock Journal. Enter the transfer date and narration. Select the stock items, their source and destination locations, and quantities.

  10. Stock Journal Voucher (Alt+F7) in TallyPrime Accounting Software

    Stock journal is a journal in which all types of stock adjustments are entered. The stock adjustment may be due to the following reasons: Inter-Godown Transfer This is useful to transfer the goods from one location to another. The quantity of Stock remains the same, but the Location changes.

  11. How to Manage Your Stock Items in TallyPrime

    Simply enter the name of the stock item you want to create and save it. Also, provide the opening balance details such as quantity, rate, value applicable tax rates so that you can record transactions in less time, without the need to enter all of these details each time in the transactions.

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    Stock Journal is a feature in Tally.ERP 9 that allows users to record inventory transactions such as inter-unit transfers, manufacturing journals, and physical stock adjustments. In simple terms, it is a type of voucher entry that enables the user to update inventory details.

  15. Lesson-27 Stock Journal Voucher

    To view the Stock Journal Voucher: Go to Gateway of Tally > Inventory Vouchers. 1. Press the buttons Alt + F7 or Select the button F7: Stk Jrnl from the Button Bar. For example, the company transfers Item B from the warehouse to the shop. Note: To get the Godown details enable the feature Maintain Multiple Godowns in F11: Features: F2 ...

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    In Accounting terminology, the first step in an accounting cycle is to record a journal entry of a business transaction by following a double-entry system. Every transaction will impact at least two accounts, one being 'debited' and other 'credited' with an equal transaction amount. For time being, just understand the following rule,

  17. How to use Branch Transfer Outward and Inward in Tally

    Step 1: Create a new company or open an existing company. Step 2: Turn on Vat facility from Press F11 (Company Features) -> F3 (Statutory & Taxation)-> Vat Applicable - Yes, then save all information. Step 3: Create ledger a/c from Accounts Info -> Ledgers -> Create. Step 4: Now open the voucher and make Transfer entry in sales voucher as ...

  18. Interstate Stock Transfer with Stock Journal Voucher in Tally

    Steps to make entry in Stock Journal Voucher in Tally: Step 1: First you have to create another godown with the name of "MI Road" in Tally software by choosing GOT (Gateway of Tally) > Inventory Info. > Godowns > Choose "Create" optin in Single or Multiple Godown category: Name: M I Road Under: Primary. Step 2: Make entry in the Stock Journal Voucher by choosing GOT > Inventory ...

  19. How to Import Stock Journal Data from Excel to Tally

    Follow the below steps to import Stock Journal Data to TallyPrime or Tally.ERP9. Login to your existing account or Signup a Free Account on Excel2Tally.in Add a Company in which you want to import data, Company name should be the same as per the company name in Tally

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  21. How to pass entry for loss of stock in tally

    How to pass entry for loss of stock in Tally ? We have lost some stock which is not insured. 22 Replies CA Vishal Jain (Chartered Accountant) (137 Points) Replied 31 August 2012 Hi Vinayak the simple treatment is that open a account in indirect exp. "Loss of stock due to _____" and "Stock lost a/c" in Purchases. pass following journal entry

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  23. How to do closing stock journal entry in Tally?

    Only the data entry in vouchers is done manually. Tally also calculates closing stock automatically because it already has the required data to do so. Closing stock = Opening stock + Purchase - Cost of goods sold. Using the above formula, Tally automatically calculates the closing stock. But it may happen that the closing stock as per Tally ...