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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.

There are four main forms of inventory, as listed below.

Inventory features in Tally ERP 9 are customizations for inventory transactions and reports. The following are the seven functions that make up inventory features: General.

Navigate to Tally's Gateway > F11: Features > F1: Inventory. As seen below, the Company Operations Alteration screen appears:

  • Select the relevant choices and turn them on.
  • To accept, press Ctrl+A.

Inventory is considered an asset since a firm spends money in it, which it then sells for profit. Inventory that does not sell as rapidly as predicted could turn into a liability.

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