Go to Gateway of Tally > Inventory Info. > Stock Categories > Create (under Single Stock Category)

A brief description on each of the fields in the Multi Stock Category Creation screen follows.

You can create Stock Categories and sub categories of Stock Categories to organise your information.

Gateway of Tally > Inventory Info. > Stock Categories > Create (under Single Stock Category)

The Stock Category Creation screen displays.

A brief description on each of the fields in the Stock Category Creation screen follows.

Name

Enter the name of the Stock Category. Eg: Tablets.

The concept of Stock Categories is similar to that of Cost Categories. Refer the section on Cost Categories to understand the similarity/differences.

Note: This option becomes available in the Inventory Info. menu only if you Set Maintain Stock Categories to Yes in F11: Features.

Stock Categories offers a parallel classification of Stock Items. You can create Stock Categories like Floppy Disks and Floppy Drives.

Stock Groups in Inventory are similar to Groups in Accounting Masters. They are helpful in the classification of Stock Items. Classification is based on some common behaviour. Stock Groups enable easy identification and reporting of Stock Items in statements.

You can group Stock Items under different Stock Groups to reflect their classification based on some common functionality. Grouping enables you to locate Stock Items easily and report their details in statements.

You can group the items of a particular brand to extract stock of all items of that brand.

You can organise the type of information and the level of details that you require, using F12: Configure and F11: Features. You can enable the desired settings. Tally allows you to alter most of the settings at any point of time.

F12: Configure

To configure the settings for Inventory Masters

Go to Gateway of Tally > F12: Configure > Accts/Inv Info.

The Inventory Info menu lists the masters, through which you can provide Tally the details of your company’s inventory.

Go to Gateway of Tally > Inventory Info.

Rates of Exchange is a feature wherein you can enter the rate of foreign currency for a specific date. Foreign exchange variations occur every day with different selling and buying rates. Rates of Exchange helps you apply the rate for the given date in your transactions.

To open Rates of Exchange:

1. Go to Gateway of Tally > Accounts Info. > Currencies > Rates of Exchange

2. The Multi-Currency Alteration screen is displayed

3. Enter the date for which the exchange rate is applicable

You can modify or delete a currency master using the Alter option. Rates of Exchange can also be altered from here.

To alter a currency master:

1. Go to Gateway of Tally > Accounts Info. > Currencies > Alter

2. Select a Currency from the Currencies list (displayed if there is more than 1 currency)

    

Use ASCII Special Characters with [Alt] key combination if your keyboard does not have the symbol. Utilities like Character Map (Start > All Programs > Accessories > System Tools) in Windows shows the key combination for most symbols. This might be different on some notebook computers, refer to the computer's user manual or the vendor.

You cannot assign a duplicate currency symbol for a company in Tally.

The Key combinations for a few currency symbols are given below:

Use ASCII Special Characters with [Alt] key combination if your keyboard does not have the symbol. Utilities like Character Map (Start > All Programs > Accessories > System Tools) in Windows shows the key combination for most symbols. This might be different on some notebook computers, refer to the computer's user manual or the vendor.

You cannot assign a duplicate currency symbol for a company in Tally.

The Key combinations for a few currency symbols are given below: