Inventory Management in Tally Prime: Streamline Your Stocks

Invoicing and Accounting

Inventory Management

Reports

Credit and Cashflow Management

e-Invoicing

Taxation and Compliance

Banking

Net Capabilities

Cost Control and Cost analysis

Enhanced Security Management

Payroll Management

Other Valuable Features

Define unlimited groups, categories, batches, locations/godowns

If your business handles multiple product lines and requires segregation for each, TallyPrime makes it simple. You can effortlessly define unlimited groups, categories, batches, and locations/Godowns to organize everything efficiently.

Flexible units of measure

Tackling real-time complexities such as buying in one unit and selling in another, quantifying stock items in multiple units, and managing floating conversions is no longer a cumbersome chore with TallyPrime. Its adaptable units of measure empower you to efficiently manage and quantify stock according to your preferences.

Manufacturing journal

Capture the complete manufacturing process seamlessly with TallyPrime. Log the raw materials used, monitor the godowns from which the materials are dispatched, and keep track of their purchase costs. Document the specifics of finished goods, by-products, and any scrap generated.

Bill of Material

In TallyPrime, the extensive Bill of Material (BoM) functionality empowers you to specify the raw materials, assemblies, parts, and components required, along with their respective quantities, to produce a final product. Additionally, you can outline any by-products, co-products, or scrap within the BoM of finished products.

Re-order Level

With TallyPrime’s Reorder Level feature, you can guarantee that you always have sufficient stock on hand. Stay updated in real-time about the inventory that needs replenishing, along with the appropriate quantities required. Set reorder and minimum order levels, and effortlessly generate reports that highlight any shortages and the necessary order quantities.

Multiple stock valuation

TallyPrime enables you to assess your closing stock using various valuation methods. Its adaptable stock valuation system permits you to assign different methods to each item as needed, providing flexibility tailored to your requirements.

Job Work

With the robust Job Work feature in TallyPrime, you can efficiently oversee the job work process whether you’re the principal manufacturer or the job worker. Easily document material issues, receipts, and material consumption, backed by comprehensive job work reports that offer full transparency into the job and material statuses.

Manufacturing and Expiry Date Management

Effective management of manufacturing and expiry dates is paramount for businesses handling products with specified shelf life or limited durability. TallyPrime facilitates batch-wise stock management, allowing you to track manufacturing and expiry dates effortlessly while providing comprehensive visibility into batch details such as manufacturing date, expiry date, and the number of days until expiry.

Additional inventory management features in TallyPrime

  • Flexible inventory management system to handle exceptions so that no crucial information stays outside the system and help you make informed decisions
  • Variety of inventory reports such as stock summary, aging analysis report, item-wise profitability etc. help you to keep a watch on stock movement and manage your inventory more efficiently
  • Using Job costing feature in TallyPrime you can track cost and revenue information like material, labour, and overhead for each job, down to the smallest detail
  • Effectively track and ascertain the procurement cost, landing costs, manufacturing or production costs, order cost or profit, and job cost or profit, using item cost tracking feature in TallyPrime

Business reports in TallyPrime

With TallyPrime, you get access to a wide range of reports that help you analyze business performance and improve decision-making. What’s more? You can access business reports on your mobile or any device, from anywhere. Experience now with the sample data.

Accounting Reports
  • Ledger reports
  • Cash/bank books
  • Purchase/sales register
  • Bills receivables
  • Bills payables
  • Bills ageing analysis
Financial Reports
  • Balance sheet
  • Profit & loss A/c
  • Trial balance
  • Ratio analysis

Inventory Reports
  • Stock summary
  • Stock ageing analysis
  • Movement analysis
  • Stock transfers
  • Stock item cost analysis
  • Location/godown summary
  • Stock-item-wise profitability
  • Order summary
  • Batch summary (Mfg. & Exp.Date)
  • Re-order status reports
Management Control Reports
  • Cost center
  • Cost Category
  • Budget
  • Cash flow report and projection


Don’t just rely on our claims! Experience it for yourself.

We invite you to try the product and see how well it fits your business needs.

Tally offers a 7-day free trial with complete access to all its features. Give it a go and see for yourself!