Ravishankar K (Accountant) (461 Points)
27 April 2011Dear Friends and Members,
I would like to maintain inventory in tally, we purchase fixed assets, stationeries, etc for staff and issue to the staff, hence we would like to maintain inventory in tally, also we need to prepare issue slip while issuing materials to staff i.e stationery, and computers etc, can anyone guide me how to create the receipt entry and issue entry and transfer entry if the transfer is done from one staff to another staff...............
awaiting your replies
SIVA KUMAR
(CA Final Student)
(98 Points)
Replied 27 April 2011
Receipt entery is asset dr to creditor
Issue entry is Employee dr to asset
Inter transfer between employees entry is Receiving party dr to Giving party
If there is any change in any of the above entry , notify me please.
Ravishankar K
(Accountant)
(461 Points)
Replied 30 April 2011
Hi can you specifically explain how to do it, because I have been trying to do this, but not getting it, i also want tally to track the movement ,of material,, for maintainaining inventory only im going to start new company in tally,
so please tell me the real VOUCHERS / ACTUAL VOUCHER names to be followed in tally and group heads of the following ledgers
Employee Name (Ravi)
Asset --- Group is Fixed Assets or Inventory Items,
subramanya
(Professional)
(907 Points)
Replied 03 May 2011
Dear Ravishankar,
There is no direct solution for your query
However, kindly provide following details so that i can try to assist
1) Inventory you are willing to maintain is as a Store manager ?
2) As you are purchasing stationary and issuing to employees, i think you want to track how much stationary you have given to each employee and no accounting implications right...?
3) Generally Stationaries are expenses and i think it should not affect our stock valuation, is my assumption is right..?
Please revert,
With regards,
Subramanya R
CAclubindia
