TallyPrime Course

In TallyPrime, Units and Compound Units help measure your stock items. But sometimes, you may create a unit by mistake or no longer need it. In that case, you can delete the unit to keep your data clean and organized. Click on Alter Click on Unit Select the Unit to Delete  Use arrow keys to select the unit (e.g., “KGS”, or “1000 GRM”) Then press Enter to open the unit. With the unit open: Press Alt + D Tally will ask: “Are you sure you want to delete this master?” Press Y to confirm.      

In TallyPrime, a Godown (or Location) is used to manage stock stored in different places—like warehouses, branches, or stores. Once you’ve created godowns, you can easily view them to check their details or confirm they are set up correctly. Click on Chart of Accounts Click on Godowns  

In TallyPrime, Godowns (or Locations) help businesses manage inventory across multiple warehouses, stores, or storage areas. If you’ve made a mistake during setup or need to update the details of a godown, TallyPrime allows you to alter (edit) godowns easily. From the Gateway of Tally, press: A (for Alter) Click the Godown to Alter Choose the Godown to Alter A list of all created godowns will appear. Select the godown you wish to edit. Press Enter to open the edit screen. Make Your Changes You can now update: Name of the godown (e.g., change “Main Store” to “Main Warehouse”) Under (Parent godown) Description, if applicable Add more details based on your company’s settings Save the Changes After making edits, press Ctrl + A to save. You’ll return to the list of godowns.   You created a godown named “Online Store” under “Primary”, but later decided to group it under “E-Commerce Warehouses”. You can easily alter the godown and change the Under field to reflect the new structure—without losing any inventory data.

In TallyPrime, Godowns (or Locations) are used to track the physical places where your stock is stored—like Warehouses, Shops, or Storage Rooms. But sometimes, you may create a godown by mistake or no longer use it. In such cases, you can delete the godown to keep your system clean and updated. Click on Alter Click on Godown / Location Select the Godown to Delete Use arrow keys to select the godown you want to delete (e.g., “Branch Store” or “Old Warehouse”).Press Enter to open it. With the godown open: Press Alt + D Tally will ask: “Are you sure you want to delete this master?” Press Y to confirm. Tally will ask: “Are you sure you want to delete this master?” Press Y to confirm.      

In TallyPrime, Stock Items are the individual products or goods that a business buys, sells, or keeps in inventory. After creating stock items, it’s important to view or display them to confirm their details or manage inventory properly. Click on Chart of Account Click on Stock Item  

Stock Items are one of the most important masters in TallyPrime, representing the individual inventory products that a business buys, sells, or manufactures. Over time, you may need to update details such as item name, unit of measure, GST rates, item group, or opening balances. TallyPrime provides an easy way to alter or edit existing stock items without affecting the integrity of past transactions. Gateway of Tally → Alt Click on the Stock Item to Alter Select the Stock Item to Alter A list of all existing stock items will appear. Use arrow keys or type the name to quickly search for the item you want to edit. Press Enter on the desired stock item. Make the Necessary Changes Now you’re in the Stock Item Alteration screen. Here, you can edit any of the following fields: Name of the stock item Alias Stock Group Units of Measurement GST Applicable / HSN Code / Tax Rate Opening Quantity and Rate Godown / Location (if enabled) Batch Information, if applicable Additional Description or Remarks 💡 You can also enable more features by pressing F12: Configure on this screen. after making changes Save the Changes Once you’ve made the required changes, press Ctrl + A to save the stock item. You’ll return to the list of items and your changes will now be reflected in all related reports and transactions.    

Stock items are the actual products or goods you buy, sell, or manufacture in your business. In TallyPrime, we create stock items to manage inventory properly. But sometimes, you may create a stock item by mistake, or it may no longer be in use. In such cases, you can delete that stock item to keep your records clean and accurate. Click on Alter Click on Stock Item Choose the Stock Item to Delete Use arrow keys to select the stock item you want to delete. Press Enter to open the item. Now that the stock item is open: Press Alt + D Tally will ask: “Are you sure you want to delete this master?” Press Y to confirm. Tally will ask: “Are you sure you want to delete this master?” Press Y to confirm.  

If you are starting with Tally and already have products in stock, it’s important to record them correctly. In TallyPrime, this is done using Stock Items with Opening Balance. This blog will guide you in simple steps to create stock items along with their quantity and value. Example: If you have: 10 pieces of iPhone 14 Cost per piece: ₹70,000 Then your opening stock is: Qty: 10 Rate: ₹70,000 Value: ₹7,00,000 Steps to Create Stock Item with Opening Balance in TallyPrime 📍 Step 1: Enable Inventory Features Go to Gateway of Tally → Press F11 (Features) → Inventory Set Yes to Maintain Accounts with Inventory   📍 Step 2: Create Unit of Measurement (if not created) Go to Inventory Info → Units of Measurement → Create Example: Symbol: Nos Formal Name: Numbers Number of Decimal Places: 0   📍 Step 3: Create Stock Group (optional) Go to Inventory Info → Stock Groups → Create Example: Name: Mobiles Under: Primary This helps organize your stock better. 📍 Step 4: Create Stock Item with Opening Balance Go to Inventory Info → Stock Items → Create Enter the following: Field Example Name iPhone 14 Under Mobiles Units Nos Opening Balance 10 Nos @ ₹70,000 Press Enter and Yes to save. ✅ Your stock item is now created with quantity and value. Example: Let’s say you are running a mobile shop. You want to create a stock item for: Samsung Galaxy M14 Opening Stock: 5 Nos Rate: ₹13,000 each Entry in Tally: Name: Samsung Galaxy M14 Under: Mobiles Units: Nos Opening Balance: 5 Nos @ ₹13,000 Total Value: ₹65,000 (automatically calculated)   How to create stock item with opening balance? Tally allows you to record this directly while creating the stock item. Click on Create Click on Stock item   Fill here item name and then select stock group if already exits either create new press Alt + C   Type Stock group name here you can see   Select Category, unit of measurement and opening qty   select location   item details like rate and now press CTRL + A for save     Now See reports   Here you can see reports of item   🧑‍🎓 Quick Assignment for Practice ✅ Task: Create the following stock items with opening balances in TallyPrime: Stock Item Group Qty Rate Unit Dell Laptop i5 Electronics 4 ₹50,000 Nos Mi TV 43 Inch Electronics 3 ₹28,000 Nos HP Printer 2025 Electronics 2 ₹12,000 Nos