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Inventory

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(Querist)
14 May 2011 Hi
I am working in a car spare parts showroom. I give every month different type report including PL account. We are using for separate inventory software. My question is how to enter in to tally for inventory ledger as assets in balance sheet. And what is the journal entry. I am using as accounts only.
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U S Sharma

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U S Sharma (Expert)
15 May 2011 enable inventory module

in inventory , create ledgers for diff items
mention opening balance and value of ech item, ( reconcile with balance sheet assets side, stock in hand)
at the time of entry any purchase , voucher would ask u to put inventory, while at sales voucher will ask u inventory details
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