Create Stock Items in Tally

Tally is a widely used accounting and inventory management software that helps businesses manage financial transactions, inventory records, and stock details efficiently. One of the key components in Tally’s inventory system is Stock Items. Learning how to create stock items in Tally is essential for businesses to maintain accurate inventory records.

What is a Stock Item?

Stock Items are the individual goods or products that a business trades in. Each item is recorded separately in the inventory, and it includes details like unit of measurement, rate, quantity, and valuation method. Stock Items help in tracking the quantity and value of goods available at any time.

Steps to Create Stock Item

Enable Inventory Features

Open Tally, go to F11: Features > Inventory Features. Ensure that inventory is enabled by setting “Maintain Accounts with Inventory” to Yes.

Navigate to Stock Item Creation

From the Gateway of Tally, go to Inventory Info > Stock Items > Create.

 

Enter Name of the Stock Item

Provide a unique name for the stock item such as “Laptop”, “Rice Bag”, or “Notebook”. This helps identify it in reports and transactions.

Select the Stock Group

Choose an appropriate stock group to which this item belongs, such as “Electronics”, “Grocery”, etc. Stock groups help in categorizing similar items together.

Choose Unit of Measurement

Select the unit in which the stock item is measured — e.g., Nos, Kgs, Litres. You can also create a new unit if needed.

Specify Opening Balance

If the item already exists in your inventory, enter the opening quantity and rate. Tally will automatically calculate the opening value.

Save the Stock Item

Once all details are entered, press Ctrl + A to save the stock item. It is now available for use in transactions like Sales, Purchase, etc.