Tally 9- tally with accounts only

Tally 2732 views 6 replies

Prateek Tayal

Proprietor

25 Points Posted on 05 November 2014

Dear Sir/Ma'am,

I'm using Tally 9 (Acoounts Only). I own a small business.
I decided to maintain my accounts without inventory details.

So, I created a company (Accounts Only) and made some ledgers (like purchases, sales etc). Also a ledger named "Stock" under the group "Stock-in-hand".

When i tried to enter values in a purchase voucher (picture attached), i was not able to select "Stock" from the list of ledgers. There was only one option "Purchases Central" which i created under the group "Purchases" (and i want stock to come instead of purchases central).

Also when i checked my P/L A/c, there were purchases under trading account but instead of closing stock it was Gross Loss. This is what troubling my mind. I dont maintain any stock. But there is always a closing stock in the end which i assess manually.

So is it like i have to maintain accounts with inventory? Or is there any other configuration which i should change to get the desired results?

Thanks in advance.

Attached File : 1366025 1378545 full page photo.pdf downloaded: 364 times

Replies (6)

CA AnKiT BoHrA (AB)

Manager

25955 Points Posted on 05 November 2014

yes you have to maintain it with inventory dear for perfect way of understanding

CA Parul Saxena

8527 Points Posted on 06 November 2014

yes you have to configure accounts only to accounts with inventory. Only then you would be able to maintain accounts accurately.

Laxmi Narayan

accountant

28 Points Posted on 06 November 2014

Because u have create your company for account only, so it will record only a/c value not inventory, u have to enter stock value manually. Inventory

Pravin

CA Student Articled Assistant

155 Points Posted on 06 November 2014

I want tally erp single user crack version.. So from where I can download the same?

Prateek Tayal

Proprietor

25 Points Posted on 06 November 2014

Thank you so much CA Ankit Bohra, CA Parul Saxena and Laxmi Narayan Ji.

Sandeep

CA Final

166 Points Posted on 06 November 2014

Dear Pratik,

You can mention stock value if u can manually value your closing stock.

Just alter your stock ledger (GateWayOfTally>AccountsInfo>Ledger>Alter>Stock) ,

go to closing balance field (just below opening balance),

record date for which you want to record closing stock (you can record closing stock for all 365 days/month ends only/quarter ends only/ or year end only etc.) and

record amount of closing stock

Complete the screen by using enter keys/Ctrl+A

And your closing stock is recorded in accounts only company. Check P & L.

You can open Accounts with inventory only if u can maintain inventory details for all purchases and sales. But for small businesses it is not posiible. So better to open accounts only company, value the closing stock at the period end and record it as mentioned above.

If you have opened accounts with inventory company and still you want to pick up stock figure from manualy created ledger; then press F11(Features)> select accounting or inventory features> Change option"Integrate Accounts with Inventory" to no.

In case of any further query you can call at 09920862625.