abhishek (CA FINAL) 04 May 2014
We have to finalise accounts of a client and to do so we need value of closing stock.we wish to enter the value of closing stock manually.To do so we have selected No for integrate inventory with accounts in features by F11.BUT problem is everytime we are putting the value in closing stock .it is not reflecting the value in profit and loss and when we are putting value in opening stock.The same values are appearing in opening stock and closing stock! :(
can any one help me to put those closing stock value in profit and loss account such that only closing stock value is reflected.
thank you in advance
Rama chary Rachakonda (Master in Accounts & Lawyer email ID:email@example.com voice no:9989324294) 04 May 2014
closing stock always calculated as per cost. So you have to follow that.and follow Mr.Manish suggestion.
JITENDRA SHARMA (accountant) 04 May 2014Open tally and You have to do press F11 and select no in inventory details. After that create a ledger in the name of stock and enter opening value of stock after thatgo to p/l account and sselect the stock and enter the closing value as u wish if you not understand then call me 9832090679
durgaprasad (accounts executive) 21 May 2016
dear all experts,
I need to clarify my solutions,
When we maintaining the tally erp version with integrated accounts with inventory. We are maintain the number of commodities. How to increase the closing stock of Quantity in specific commodity and how to reduce the closing stock value.
bdj (propreitor) 20 March 2019
I have received accounts of one propriotory concern who deals in paper bags and stationary. Earlier accountant was not following the method of unit wise entry into tally package. Now my problem is how to find out Closing Stock every month. (Earlier Accountant used to calculate on lumpsum basis). Please guide me as to which method to use to calculate closing stock when purchase, sales and opening stock is given (all including GST)
suppose his sales for the month is 125143, purchase is 29778 and opening stock is 439980. CA has shown 363500 as closing stock for the month. What calculation has been done. Please guide me.