REORDER LEVEL

REORDER LEVEL

Through reorder level we define minimum level of our stock. After reaching the quantity of our stock upto the level we must place order to over supplier for item purchase.

Example:-

For a company we want to create a reorder level. If that company has maximum capacity to sell is 20 computers, so we set reorder level at 10 pieces (minimum order).

To maintain:-

First of all create a company and then activate “purchase order processing” as follow:-

To Activate Purchase Order Processing: - G.O.T. (Gateway of Tally)--> Press F11 (Company Features)--> Press F2 (Inventory Features).

Now create stock master as follow:-

To Create Stock Group: - G.O.T. (Gateway of Tally)--> Inventory Info--> Stock Group--> Create.

To Create Stock Item: - G.O.T. (Gateway of Tally)--> Inventory Info--> Stock Item--> Create.

Now create ledger:-

Path for ledger creation: - G.O.T. (Gateway of Tally)--> Accounts Info--> Ledger--> Create (Single).

Now create reorder level as follow:-

Path for Reorder Level creation: - G.O.T. (Gateway of Tally)--> Inventory Info--> Reorder Level--> Computer.

Maximum capacity to sell is 20 pieces per month.

Note:-

              a.     For monthly, type 30.

              b.    For weekly, type 7.

              c.     For yearly, type 365.

Now do voucher entry as follow:-

Path for voucher creation: - G.O.T. (Gateway of Tally)--> Inventory Voucher--> Press F9 (Purchase Voucher).

After that press F8 to open Sales Voucher and do entry as follow:-

Now you can see the reorder status as follow:-

Path for view Reorder Status: - G.O.T. (Gateway of Tally)--> Statement of Inventory--> Reorder Status--> Computer.

PAYROLL

PAYROLL

Payroll is the process of maintaining records of all employee salary under various pay head, all statutory and non- statutory deduction attendance/ absent record.

Working steps:-

Create a company and then activate payroll as follow:

To Activate Payroll: - G.O.T. (Gateway of Tally)--> Press F11 (Company Features)--> Press F1 (Accounting Features).

Create attendance/ production types as follow:-

Path for attendance/ production types creation: - G.O.T. (Gateway of Tally)--> Payroll Info--> Attendance/ Production Types --> Create.

Here, press “Alt + C” to create unit as follow:-

And then accept the attendance type:-

After that create employee group:-

Path for employee group creation: - G.O.T. (Gateway of Tally)--> Payroll Info--> Employee Group --> Create (Single).

And then create employee:-

Path for employee creation: - G.O.T. (Gateway of Tally)--> Payroll Info--> Employees--> Create (Single).

Create pay head:-

Path for pay head creation: - G.O.T. (Gateway of Tally)--> Payroll Info--> Pay Heads --> Create.

Create salary detail of Ram and Shyam:-

Path for salary detail creation of Ram: - G.O.T. (Gateway of Tally)--> Payroll Info--> Salary Detail --> Create--> Ram.

Path for salary detail creation of Shyam: - G.O.T. (Gateway of Tally)--> Payroll Info--> Salary Detail --> Create--> Shyam.

Now do voucher entry as follow:-

Path for voucher creation: - G.O.T. (Gateway of Tally)--> Payroll Voucher--> Press Ctrl + F5.

Now press “Ctrl + F4” to open payroll voucher:-

Press “Alt + A” to auto fill information.

Now you can see the payroll report as follow:-

Path for view report of payroll: - G.O.T. (Gateway of Tally)--> Display--> Payroll Report--> Statement of Payroll--> Pay Slip--> Ram/ Shyam.

PACKING

PACKING

This option is used to make different quantity for the stock item.

If a trader purchase goods from supplier and wants to sale it to his debtor then he creates units of different quantity for the stock item.

Example:-

Tata Company purchased 50 kg of Tata salt for Rs. 25 per kg. The company packed it into 6 packets of 5 kg each for Rs. 125 per packet and 10 packets of 2 kg each for Rs. 150 per packet. The company sold 6 packet of 5 kg salt.

Maintain the above transactions.

To maintain:-

First of all create a company and then create ledger as follow:-

Path for ledger creation: - G.O.T. (Gateway of Tally)--> Accounts Info--> Ledger--> Create (Single).

Now create stock master as follow:-

To Create Stock Group: - G.O.T. (Gateway of Tally)--> Inventory Info--> Stock Group--> Create.

Create units of measure as follow:-

To Create Units of Measure: - G.O.T. (Gateway of Tally)--> Inventory Info--> Units of Measure--> Create.

Here create units by using simple creation:-

Now create units by using compound creation:-

And now create stock item:-

To Create Stock Item: - G.O.T. (Gateway of Tally)--> Inventory Info--> Stock Item --> Create.

Now do voucher entry as follow:-

Path for voucher creation: - G.O.T. (Gateway of Tally)--> Inventory Voucher--> Press F9 (Purchase Voucher).

Press “Alt + F7” to open Stock Journal Voucher.

Now view the summary:-

Path for view stock summary: - G.O.T. (Gateway of Tally)--> Stock Summary.

Now do Sales Voucher entry:-

Path for voucher creation: - G.O.T. (Gateway of Tally)--> Inventory Voucher--> Press F8 (Sales Voucher).

Now view the summary:-

Path for view stock summary: - G.O.T. (Gateway of Tally)--> Stock Summary.

Press “Alt + F1” for more details.