Inventory Voucher in Tally Prime

Inventory vouchers are used to record various inventory-related transactions such as stock transfers, stock adjustments, purchase orders, sales orders, receipts, and deliveries. These vouchers help in maintaining accurate records of inventory movements and values.

• Purchase Voucher (F9): Used to record purchases of inventory items. You can enter details such as supplier information, item details, quantities, rates, taxes, etc.
• Sales Voucher (F8): Used to record sales of inventory items. You can enter customer details, item details, quantities sold, rates, taxes, etc.
• Receipt Note (Alt+F9): Used to record the receipt of goods into the inventory from a supplier, typically without a formal purchase invoice. It is often used for goods received against a purchase order.
• Delivery Note (Alt+F8): Used to record the delivery of goods from inventory to a customer, typically without a formal sales invoice. It is often used for goods delivered against a sales order.
• Rejection In Voucher (Alt+F6): Used to record goods rejected by the company from a supplier. This could be due to damaged goods, incorrect items, etc.
• Rejection Out Voucher (Alt+F7): Used to record goods rejected by a customer and returned to the company. This could be due to wrong items delivered, damaged goods, etc.
• Stock Journal Voucher (F7): Used to record transfer of inventory items between different locations, stock adjustments, or any other inventory movements within the organization.
• Physical Stock Voucher (Alt+I): Used to record physical stock adjustments like stock verification, stock taking, or any discrepancies found in physical stock compared to book stock.
• Material In Voucher: Used to record the receipt of materials into the inventory, typically used in manufacturing or assembly scenarios.
• Material Out Voucher: Used to record the issuance of materials from the inventory, typically used in manufacturing or assembly scenarios.

What is opening and closing stock?

• Opening Stock: This refers to the value of inventory at the beginning of an accounting period, typically at the start of a financial year or a specified reporting period. It represents the total cost of goods that the business has on hand at the beginning of the period.
• Closing Stock: This is the value of inventory at the end of an accounting period, such as the end of a financial year or a specified reporting period. It represents the total cost of goods that the business still has on hand at the end of the period.