HOW EASSY INVENTORY MANAGEMENT WITH TALLY ERP 9.

Efficient Purchases Strengthens Yours Business:- 

Tally ERP 9 covers the entire purchase cycle. Right from the complete purchase order, it includes goods receipt , rejections and returns, advances, debits and payments, or even a single payment entry , meeting all needs.

To ensure that you have the right stocks and to minimize carrying costs, Tally .ERP 9 helps improve purchase orders:-

Define Re-order levels as a fixed number or based on consumption

Define minimum quantity to order as a fixed number or based on consumption.

Unique report shows the stock position, including complete details of open purchase orders, sales orders that need to be fulfilled – it allows you to check on the purchase history before placing orders.

Optionally, stagger delivery dates in the PO.

When receiving goods:

Align your entries with supporting documentation, including the error your suppliers could have made (Say of multiplication & round off).

Incorporate additional costs.

Automatically manage input taxes.

Get the flexibility to receive goods with variation in the quantities and rates from that ordered, since this is common in real life.

Record samples and free items (using different “actual & billed” quantities.)

Use multiple receipts for one order or one receipt for multiple orders, or against verbal orders.

When you need to add other costs ( say loading, unloading and cartage), these charges can be apportioned to the cost of goods purchased.

If supplied goods do not match your requirement, these are managed by the “Rejections Out” inventory voucher, Supplier dues, input taxes and inventory positions are updated.

Suppliers often indicate likely profits, which may not be met, In such situations, you can verify the facts from the item profitability report. If rebates are negotiated, the can be recorded as debit notes.

Keep tabs of how much is due to whom and when, and manage advances, payable & post- dated cheques. Errors in payments can be eliminated by printing cheques

Easy to Invoice:  Imagine that you are raising an invoice with the customer in front of you and you have a doubt. The all new stock query option in Tally.ERP 9 gives you critical information on Stock items with just one click, allowing you to check the facts while you still have the invoice open, and complete the transaction. Stock query from Invoice takes decision-making to a new level.

Quick decisions mean happy customers:  Access purchase cost, selling price and even last discounts offered a particular item, so you can make an appropriate decision when you raise the invoice. Also view substitutes or items of similar nature, so you don’t have to send the customer away empty-handed. Information about the latest purchases and sales can instantly accessed and the warehouse where such stock is available can also be easily located. On top of this, you get the advantage of viewing the contact details of your vendor or customer.

In addition, the stock query also provides statutory information, Reorders details and Price list specified for a particular stock item.

Key information furnished the enhanced stock query report, includes:

• Last Purchased details along with recent Purchase tranactions.
• Last Sales Details along with recent Sales transactions.
• Closing quantity, Balance and value
• Applicable Standard Selling Price & Costing Method.
• Warehouse/Location or Batch details
• Stock items of similar group/category.

Easy toggle to other stock items from the same screen.

 Effective Sales and Collections Management :- With sales being the lifeline of a business, efficiencies in sales operations directly impact growth and profitability.

Tally ERP 9, meets the demands of monitoring and optimising the sales process with exceptional capabilities:-

• Quotations - records of quotes.
• Sales orders- accepted customer orders.
• Delivery Notes- documents that accompany goods.
• Sales Invoices/Cash Bill- to record the sale
• Credit Notes- for financial adjustments
• Rejection in - For goods returns.
• Receipts- For advances and receipts.

 If you have cash sales (ie. sales across the counter), support for Point of Sale printers, bar codes and receipts in multiple tenders can POS- enable your business at no additional cost. when product come with added services, the integrated product and service billing will handle this.

Enforce credit limits, when required. The Payment Performance of Debtors report helps you identify persistent problems and act accordingly. When it comes to collections, Interest for delays and reminder letters are a tremendous advantage.

Businesses engaged in Excisable goods get full support via Excise for Dealers and Manufacturing Excise.

The facility to make multiple deliveries from one order, or one from multiple orders is available across all documents of the sales process. Businesses  having multiple classes can easily setup multiple prices (even in advance) and specify the date from which the become effective.

Discounts against the line or for the documents, additional charges as a percentage or lump sum, automatic round off bill totals, automatic computation of VAT & Service Tax, returns & exchanges are all available. 

When you need to confirm that you are making desired sales margins, Item wise and bill wise profitability reports will help you keep tabs.