Inventory means stock; the trader's sells are called goods. Inventories include the purchases, sales of stock or stock movements. The closing stock of a particular year becomes the opening stock of the next year.

Company maintain --> Accounts with inventory

Financial year --> ------------ to -------------

Step - 1

Normal Opening Balance

Accounts Info--> Ledger --> Single Ledger --> Create

Step - 2

Stock group:

Gateway of tally -> Inventory info -> Stock group -> Single group -> Create Stock group is enable easy identification and reporting of stock item in statement. Head of the stock item is called stock group.

Units of measures:

The stock purchased or sales of quantity based. The quantity is measured by units. Units creation is most important in stock item. You need to create units of measures for all the stock items. Gateway of tally --> Inventory info --> units of measures --> create

Stock items:

The stock item is refers to the good of trade. Stock ledger account is created for each items and tally calls this accounts of stock items.

Gateway of tally -> Inventory Info-> Stock items -> create.

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