valuation of stock and accounting of stock in the books of accounts is very important and if you want to prepare a balance sheet, then without accounting opening/closing stock you can’t prepare a balance sheet.
How to enter opening in closing stock in Tally ? It is a very simple process in tally. you just need to put value of the opening stock and closing stock on a given date.
Here is a detailed guide for entering stock in tally. it is very simple.
Go to ledger creation account screen from the main menu of tally and create a new ledger namely finished Goods under the group stock in hand. my previous article about how to create a new ledger in tally will help you in this regard.
and save the screen
now alter that ledger account and press enter you will see opening stock and date just put the amount of opening stock if you don’t have any opening stock as on date then just press ENTER
now you will be prompted to enter closing stock
here you may select the date on which you wanted to put stock say as on 30th June or 30th September or any other
type the date and enter the value of stock there and save the screen its all Done.
Go to the profit and loss account and you will find opening and closing stock there. Closing stock will also be reflected in the balance sheet on the given date.
Mahendra is founder and CEO of the I Vision Infotech, Authorised Tally Sales and Service Partner and helping Tally users to learn Tally and accounting free through this site
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how to post opening stock in p&l a/c in tally
Dear Mr. Yogesh,
Thanks for your query. Please refer my post http://www.tallynine.com/tally-support-tally-nine-com.html and post your query from your Tally.ERP 9 support center. If you are not using tally.erp 9 then give us your serial number. We will not publish your serial number. it only for administrative purpose
Sir,
How to convert the rawmaterial stock in to fabric stock
Sir,
How do we change the opening stock date in tally 7.2?
Sir i did as you specified
but its not reflecting in balance sheet or p&l why ?
sir,
I have entered the opening and closing stock as u tell. bt I don’t get it in b/s & p/l. plz tell me what to do
Namita,
I do not provide any support without knowing Tally serial number
dear friend,
if there nothig displayed in Proft and loss account you just try to follow the steps
on P&L screen press F11 and in General category intergarated accounts and Inventory dispaled as yes please change as no then look out P&L
sir,
I made the opening & closing stock entries as per your suggestion. but the entries are not displayed on the screen. What to do?
I have done as your instructions. But closing stock and opening stock were not able to see on the profit & Loss account
sir i want to know about how to prepare a closing stock in tally. so pls give me some idea about and how to get all shortcut key of tally
sir, I have entered profit and loss account,but closing stock and opening stock amount same. so which option is missing for me. kindly told me.
thanking you,
ANTONY.
Antony,
Thanks for your query.
We do provide support only to our clients. You may contact the person who supplied you the Tally software
open p/l a/c after that press keys alt+f2 and enter da closing stock date
then show yours closing & opening stock amt differents
Thank u so much. I got answer only from u
hello sir,i am working in hospital there is not maintaing closing stock & opening stock so my query is that what should i do t that stock should not be disply in tally9erp. plz help
Harshala,
you may contact your TSP or the person from whom you have purchased the software. We are busy in solving queries of our own clients
how create opening balance in tally 7.2 version and how do enter sales invoice in tally
which shortcut key are use to change the method of valuation of closing stock?
how create opening balance&closing balance
simple you create a ledger of opening stock under group —- stock in hand & accept this
after that you go ladger and alter and select the opening stock ledger and fill the amt of opening stock & closing stock with their dates
how to use tally button M-EMAIL FOR MAILING TALLY P&LOSS BALANCE SHEET
sir i want to know how to feed directly closing stock in tally
sir, i want to know how to final the accounts in tally erp 9
sir am using tally erp9 in malaysia.here we are not maintaining acccounts with inventory.but if i want to put the value of opening and closing stock of raw material,finished goods and semi finished goods (wip) how to enter that without maintaining the inventory .
Sir
I am Spliting company data for 2010-11 & 2011-12
spliting success but 2010-11 closing Stock to be carry forward for 2011-12 opening stock but value is change why i alter the opening stock but not accectpeted when i alter the opening stock is change the value of every time plese suggest me
thanking you
Jyothi,
Please contact your TSP (Tally Service Partner) I am sure they will assist you. In case they do not help you, please write a mail to support@tallysolutions.com
Sir, Can you tell any one how to nulliyfy the opening balance difference in the current year it is showing in balance sheet liability side
profit and loss a/c. 32662493.79
opening Rs. 2748.00
current period Rs.3263501.00
I want to nully the Rs.2748/-
Please help me.
Rangnath,
Check your closing balance as per last year and check opening balance in Tally. It does not require that high skill or a technical knowledge to resolve it.
dearsir,
kinldy explain the pay roll system and how to use in the tally software.
thamks.
could u kindly tell me how do we close the closing dbalance
pls give some questions for tally practice with explanation
Hello sir,
In one Musical Instrument product, have 3 to 4 names in bill book, as per bill book i enter the bills, but physical stock and tally stock not matching properly, how to carry physical stock in future answer me briefly
Sir
I am using Tally ERP9 and want to maintain qty wise inventory but as per the balancesheet my closing stock is varying from tally closing stock how could i make the entry so that stock in balancesheet and tally do not vary?
Hello Sir,
i want to ask you that how can we enter the value of closing stock if we work with inventory system.
thanks