Stock Groups - Tally Online Computer Course Notes and Tally Practical Questions

Submitted By Stellar Computer Education Center, Kodakara, Thrissur, Kerala on 22 August 2020

Stock Groups

Gateway of Tally > Inventory Info > Stock Groups

What is a Stock Group?

The concept of stock groups has been explained above. Before we consider stock groups you would need to know about stock items. Like Ledgers, Stock items are the primary inventory entity

Stock Items

Gateway of Tally > Inventory Info > Stock Items

Units of Measure

You will need to create units of measure for stock items. These can be simple units such as numbers., metres, kilograms, pieces, or compound units, e.g. box, where, say, one box equals ten pieces

Create a Unit of Measure

Gateway of Tally > Inventory Info. > Units of Measure > Create

Type

Symbols are of two types: Simple and Compound.

Simple units are considered as stated by you and Tally just checks for duplication and nothing else. If you wish to give unit symbol that are single and not a combination of other units , select Simple. Tally defaults to Simple and if you want to change to compound, use Backspace from the Symbol field and select compound from the popup list.

Symbol

Give the symbol of the unit, e.g., No., Mtrs. This symbol given by you is used in all displays and printouts. We give the symbol 'no' (for numbers).

Formal Name

Give the formal name of the symbol. This explains the symbol, which is also used during consolidation of data of different companies where the symbols might be the same but are assigned to different Units. The formal name will be used to match them. Here we type Number as the formal name for the symbol 'no'.

No. of decimal places

If the unit will be used in fractions, say for a kilogram you may have to use grams as well, give the number of decimal places. For kilograms, you would give 3 decimal places to accommodate up to 999 grams. Hence, a measure 1 kilogram 865 grams will be 1.865 kilograms. For units like numbers, you do not normally want a decimal place and you can specify 0 in such cases. You can specify 0 to 4 decimal places.