GANAPATHI (AM) 22 September 2016
Is is possible to implement accounts with inventory integrated using Tally ERP 9 software package in an organisation which is doing manufacturing as well as trading activity.
To put it correctly, my question is - the opening and closing balance of inventory (raw / packing materials / trading goods) should be balance sheet item. But, when I tried to generate P&L or B/S, the stock of raw / packing materials are shown as P&L item.
May I request my colleagues who are using Tally ERP 9 package to help me.
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PRAVIN VADNERE (AUDITOR) 29 September 2016
There are three types of stock
all above shown in trading account and balance sheet
you can use stock journal for conversation of raw materials to semi furnished to finished