This assignment is designed to help you understand the Inventory Module of TallyPrime. You will learn how to manage stock by creating stock groups, categories, units, godowns, and stock items. Proper inventory setup is crucial for businesses involved in trading, manufacturing, and distribution.
Inventory Tasks Overview
In this assignment, you will complete the following:
- Create 3 Stock Groups
- Create 3 Stock Categories
- Create 2 Units of Measure
- Create 2 Godowns
- Create 10 Stock Items with Quantity, Rate, and Amount
Task 1: Create Stock Groups
Gateway of Tally → Create → Stock Groups
| S.No | Stock Group Name | Under Group |
| 1 | Electronics | Primary |
| 2 | Mobile Accessories | Primary |
| 3 | Home Appliances | Primary |
Task 2: Create Stock Categories
Gateway of Tally → Create → Stock Categories
| S.No | Stock Category Name |
| 1 | Branded |
| 2 | Non-Branded |
| 3 | Refurbished |
Task 3: Create Units of Measure
Gateway of Tally → Create → Units of Measure
| S.No | Unit Name | Type |
| 1 | Nos | Simple |
| 2 | Box | Simple |
Task 4: Create Godowns
Gateway of Tally → Create → Godowns
| S.No | Godown Name | Location |
| 1 | Main Warehouse | Pune |
| 2 | Retail Store | Mumbai |
Task 5: Create 10 Stock Items
Gateway of Tally → Create → Stock Items
Select the proper Group, Category, Unit, Godown, Quantity, Rate, and Amount.
| S.No | Item Name | Group | Category | Unit | Godown | Quantity | Rate (₹) | Amount (₹) |
| 1 | Samsung LED TV | Electronics | Branded | Nos | Main Warehouse | 5 | 25,000 | 1,25,000 |
| 2 | Mi Smart TV | Electronics | Non-Branded | Nos | Retail Store | 4 | 18,000 | 72,000 |
| 3 | LG Washing Machine | Home Appliances | Branded | Nos | Main Warehouse | 3 | 30,000 | 90,000 |
| 4 | Vivo Charger | Mobile Accessories | Branded | Nos | Retail Store | 10 | 500 | 5,000 |
| 5 | Earphones – Boat | Mobile Accessories | Branded | Nos | Main Warehouse | 8 | 1,000 | 8,000 |
| 6 | Microwave – IFB | Home Appliances | Branded | Nos | Main Warehouse | 2 | 12,000 | 24,000 |
| 7 | Samsung Mobile A14 | Electronics | Branded | Nos | Retail Store | 6 | 15,000 | 90,000 |
| 8 | Refurbished Laptop | Electronics | Refurbished | Nos | Main Warehouse | 3 | 20,000 | 60,000 |
| 9 | Air Conditioner | Home Appliances | Branded | Nos | Main Warehouse | 2 | 35,000 | 70,000 |
| 10 | Power Bank – 10000mAh | Mobile Accessories | Non-Branded | Nos | Retail Store | 7 | 1,200 | 8,400 |
Assignment Submission Guidelines
- Create all items, units, categories, and godowns in TallyPrime.
- Take screenshots of:
- One Stock Group
- One Stock Item with all details
- One Godown
- Submit a short write-up: “What I learned from Inventory Setup in TallyPrime”
- Email your screenshots and write-up to ankititsolutions2@gmail.com
Learning Outcome
After completing this assignment, you will:
- Understand how inventory is organized in accounting software.
- Learn to create and manage items for retail or wholesale businesses.
- Be able to handle inventory setup in a real business environment.