Course Content

  • 10001

Course Content

FAQs

The aggregation of expenses and revenue for a certain quantity of a stock item across multiple transactions is referred to as item cost and profit tracking. This allows for the analysis of the item's operating costs and profitability as it moves through manufacturing, sales, and purchasing, for example.

Item cost monitoring allows you to keep track of and calculate procurement, landing, manufacturing, and production costs, as well as order and work expenses and profits. This function also aids in estimating the sale price of finished goods based on current costs and overall profitability. It's in Tally.

There are two ways to set up item cost tracking in Tally Prime:

  • Entering the cost and value of an item into a purchase order before it is sold:
  • Entering the cost and value of an item after it has been sold

The user can create a new list where they can add all the items that they want to track. Tally prime automatically creates a new column for each of these items and updates the inventory count for them as well.

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