Stock Transfer to Fixed asset

Quick Summary
This discussion explores how to transfer finished goods stock to fixed assets, particularly for items used in testing prototypes before market launch. While direct stock-to-fixed asset transfers aren't standard, the advice suggests capitalising prototype development costs. This involves creating separate ledgers for raw materials and finished goods, using journal entries to convert raw materials, and then capitalising the cost of finished goods used for testing as an intangible asset. Maintaining accurate stock vouchers from the outset is recommended for proper accounting.

Finished goods are prepared under Stock item so it is not getting reflected when i am passing the JV. 

 

You need to have two ledgers

1. Raw material

2. Finished goods

This must be created as a stock item.

You also must use journal entries to convert raw material to finished goods

Then you have update your closing stock daily and then you will see finished stock. 

If the manufacturing unit is unorganised but producing manually, it's advisable maintain closing stock vouchers right from the beginning. Then update closing stock on finished goods stock items by altering it daily

This is for budgeting manufacturing vouchers

https://help.tallysolutions.com/docs/te9rel66/Creating_Masters/Inventory_Info/#gref

Thank you

 

Use this for fixing opening and closing stock

https://help.tallysolutions.com/tally-prime/inventory/stock-items-faq/#1460201

All of those things work properly and practice integration between manufacturing vouchers and physical stock vouchers in student mode. Tally is multiple and you can do these manually as well

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