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Stock Group v. Stock category in Tally prime

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CRR RR

42 Points Joined October 2024

Hi Sir

Could I know the difference between Stock Group and Stock category in Tally prime

Under What circumstances they Use in plant accounting

Whether Raw material,Finished goods, Packing materials come under Stock group or Stock category

Please advise

Thanks

Replies (1)

Rama chary Rachakonda

Master in Accounts & high court Advocate

8918 Points Joined December 2011

In TallyPrime, Stock Group and Stock Category are two separate classification methods for inventory management.

Here's the difference: Stock Group: -

A Stock Group is a higher-level classification that groups similar stock items together based on their characteristics, such as Raw Materials, Finished Goods, Packing Materials, etc. -

It helps in categorizing and reporting stock items at a broader level.

Stock Category: - A Stock Category is a sub-classification within a Stock Group that further segregates stock items based on specific attributes like product type, material, size, etc. - It provides a more detailed classification and helps in accurate tracking and reporting of stock items.

Usage in Plant Accounting: - Raw Materials:

Typically come under the Stock Group "Raw Materials" and can be further categorized into Stock Categories like "Raw Material A", "Raw Material B", etc. - Finished Goods: Usually come under the Stock Group "

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