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Tally Education and Distribution Services Private Limited

Inventory Management

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Gain insight into a topic and learn the fundamentals.
Intermediate level

Recommended experience

11 hours to complete
3 weeks at 3 hours a week
Flexible schedule
Learn at your own pace
Gain insight into a topic and learn the fundamentals.
Intermediate level

Recommended experience

11 hours to complete
3 weeks at 3 hours a week
Flexible schedule
Learn at your own pace

What you'll learn

  • Gain expertise in managing and optimizing inventory storage, classification, and movement using Tally.

  • Learn to track additional purchase costs, understand manufacturing processes, and apply job costing techniques for accurate cost allocation.

  • Utilizing Inventory Reports: Develop the ability to analyze and leverage inventory reports to make data-driven decisions.

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Recently updated!

January 2025

Assessments

28 assignments

Taught in English

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There are 6 modules in this course

At the end of the module Storage and Classification of Inventory, you will be able to… • Define the importance of efficient inventory storage and classification. • Demonstrate the ability to create, modify, and manage inventory in Tally. • Comprehend the concept of batches in inventory management. • Execute Selling of Stock Items and Identify Expired Batch in Sales Invoice • Generate and Analyze Batch Reports • Implement Price Levels and Price Lists

What's included

25 videos5 readings5 assignments1 discussion prompt

At the end of the module Purchase and Sales Order Management, You will be able to: • Recognize the crucial role of efficient order management in business operations. • Demonstrate proficiency in creating, modifying, and managing purchase orders. • Demonstrate the ability to create, modify, and manage sales orders. • Track and manage outstanding purchase and sales orders. • Demonstrate the process of setting up and managing re-order levels within Tally. • Demonstrate proficiency in executing godown transfers within Tally.

What's included

22 videos7 readings7 assignments

At the end of the module Tracking Additional Costs of Purchase, You will be able to: • Recognize the significance of accurately tracking and accounting for additional costs in the purchase process. • Demonstrate proficiency in configuring and recording additional costs associated with purchases in purchase voucher mode and item invoice mode. • Execute the creation of Debit Note Vouchers with additional cost details.

What's included

6 videos3 readings3 assignments

At the end of the module Manufacturing Process-Job Work, You will be able to: • Enable Job Order Processing in Tally • Define and configure voucher types for job work out and in orders. • Implement BOM for accurate listing of components in job work out orders. • Demonstrate proficiency in recording job work out and in order vouchers in Tally. • Execute the recording of material out and in vouchers for job work. • Record and book job work charges accurately. • Account the Payment to Job Worker against Purchase Consideration. • Generate and interpret job work out reports for analysis.

What's included

26 videos6 readings5 assignments

At the end of the module Job Costing, you will be able to: • Demonstrate the fundamental concept of job costing in accounting. • Identify the key features and characteristics of job costing. • Create the Chart of Accounts for Job Costing Process. • Recording Job Costing Related Transactions. • Record manufacturing journal entries for the conversion of raw materials into finished goods. • Record stock journal entries for inter-godown stock transfers related to jobs.

What's included

19 videos8 readings7 assignments

At the end of the module Inventory Reports, you will be able to: • Generate and interpret the Stock Summary Report to evaluate inventory levels, valuation, and overall performance. • Check godown-wise stock availability for better inventory planning and management. • Analyze inventory movement using the Movement Analysis Report to track stock inflow and outflow. • Use the Stock Query feature to get instant updates on item-wise stock details.

What's included

1 video1 reading1 assignment

Instructor

Tally Education and Distribution Services Private Limited
Tally Education and Distribution Services Private Limited
6 Courses38,733 learners

Offered by

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