To construct the Stock Item, choose a Stock Group or All Items from the List of Groups.
Type in the stock item's name.
Choose a group and Units.
Enter the initial amount as well as the fee per unit.
To save, press Enter.
Tally > More Reports > Statutory Reports > GST Reports > GST Rate Setup > Hit Alt+G (Go To) > type or pick GST Rate Setup > and press Enter. Note that tax rates are reflected at the company or stock group level when brackets are present.
The Inventory Info menu lists the company's inventory masters, such as Stock Groups, Stock Items, and Units of Measure, and allows you to create, modify, and display inventory master details.
Beginning inventory + net purchases – COGS = ending inventory is the basic formula for calculating ending inventory. The ending inventory of the previous period is your starting inventory.
The supply of finished items available for sale to the final consumer is referred to as stock. Inventory can refer to both finished goods and components that go into making a final product.