Author name: ankititsolutions.com

  When a business has more than one place to store goods (like shops, warehouses, or branches), it becomes important to track stock location-wise. In TallyPrime, this is done using Godowns. A Godown in TallyPrime is a place or location where stock is stored.It can be: A warehouse A retail shop A branch office A […]

  If you run a business, you buy and sell products. These products are called Stock Items in Tally. TallyPrime helps you to manage your stock/inventory, so you always know how much quantity you have, what is the rate, and how much profit you are making. 📦 For example: A shoe shop sells Shoes –

If you’re learning TallyPrime for inventory management, one of the first things you need to understand is the Unit of Measure (UOM). It’s a small but very important part of stock and inventory handling in Tally. In simple words, Unit of Measure refers to how you count or measure a stock item. Stock Items are

  A Stock Category in TallyPrime helps to classify items across different Stock Groups based on common features. Stock categories is the categorization of the stock items of similar features belonging to different stock groups. Eg: If the company is dealing with Smartphones. The company’s inventory might consist of Smartphones of different brands like Samsung,

  A Stock Group in TallyPrime is used to classify similar stock items under a common category. Just like Ledger Groups for accounts, Stock Groups are for inventory items.   Example: Let’s say you run a computer accessories store. You can group stock items like this: Stock Group: Keyboards Stock Items: Dell Keyboard, Logitech Keyboard

Deleting a ledger in Tally Prime is a simple process, but it should be done with caution as deleting a ledger will also delete all the transactions associated with it. 1. Open Tally Prime and go to the Gateway of Tally. 2. Click “Alter” and then select “Ledgers.” 3. Select the ledger that you want

  Alter a Ledger” in TallyPrime means editing, correcting, or updating any existing ledger after it has been created. You can: Change the name of the ledger Correct the group under which it was created Add or edit the opening balance Update the GST number, PAN, or bank details Add a mobile number, address, or

  What is a Group in TallyPrime? A Group is a classification of ledgers that share a similar nature. It can be: Assets Liabilities Income Expenses For example: Cash-in-Hand, Bank A/c, Sundry Debtors are part of Assets. Sales Account, Commission Received go under Income.   Steps to Create a Group in TallyPrime Here’s a step-by-step

When you create a company in TallyPrime, it automatically comes with 28 predefined groups. These groups help you organize all your accounting data like ledgers, stock items, and transactions in a structured way. Understanding these groups is very important for beginners, accountants, and business owners using Tally for financial management. What is a Group in