How to add a new item in Tally Prime?

 Adding a New Item in Tally Prime

Here's a step-by-step guide on how to add a new item in Tally Prime:

1. Access Inventory Master:

  • Open Tally Prime and navigate to the "Gateway of Tally" screen.
  • Press Alt+I or click on "Inventory" to access the Inventory Master.

2. Create Item:

  • Press Alt+C or click on "Create" to create a new item.

3. Enter Item Details:

  • Item Name: Provide a unique name for the item.
  • Alias: Enter any alternative or short names for the item.
  • Item Group: Assign the item to a relevant group (e.g., Raw Materials, Finished Goods).
  • Unit: Specify the unit of measurement (e.g., Pieces, Liters).
  • Godown: Select the godown where the item will be stored.
  • Batch Tracking: Enable this option if you want to track items by batches.
  • Serial Number Tracking: Enable this option if you want to track items by individual serial numbers.

4. Set Rates and Taxes:

  • Rate: Enter the purchase and selling rates of the item.
  • Taxes: Configure any applicable taxes (e.g., GST, VAT).

5. Additional Settings (Optional):

  • Costing Method: Choose the costing method (e.g., FIFO, LIFO, Weighted Average).
  • Bar Code: Assign a bar code to the item for easy scanning.
  • Minimum Stock Level: Set a minimum stock level to trigger purchase orders.
  • Reorder Level: Set a reorder level to initiate replenishment.

6. Save the Item:

  • Press Ctrl+A or click on "Accept" to save the item.

Additional Tips:

  • You can create multiple items at once using the "Create Multiple" option.
  • For more complex items, you can use the "Item Alteration" feature to modify existing items.
  • To view or edit item details, use the "List" or "Alter" options in the Inventory Master.

By following these steps, you can effectively add new items to your inventory in Tally Prime and manage your stock levels efficiently.