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FAQs

Stock categories are the classification of stock products with comparable characteristics that belong to various stock groups. For example, if the business deals with televisions. The company's inventory could include TVs from LG, Sony, Philips, and other brands.

  • Go to Tally Gateway > Display > Inventory Statements > Categories.
  • Decide on a category.
  • For a detailed report, press Alt+F1. The Stock Category Summary panel looks like this:
  • You can view the Item Monthly Summary and Stock Voucher list by drilling down from the stock category summary.

Closing Stock refers to the amount of unsold inventory in your store on a specific date. In simple terms, it's the merchandise that's still sitting in your warehouse waiting to be sold for a set amount of time. Raw materials, in-process products (WIP), and finished items can all be included in the closing stock.

The stock category is the next level of classification for the same stock item. For example, if we have the same dealer but different brand or price stock, we can make category 1 of A stock group and show that stock item. We can classify as grade 1 of the A stock group and list stock items once more.

  • Go to Tally's Gateway > Inventory Info.
  • Select the Stock Category from the List of Categories.
  • The Stock Category Alteration screen is displayed as shown.
  • Make the necessary adjustments, then accept or save by pressing CTRL+A.
  • Only the editing mode allows for deletion.

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