Stock Configuration in TallyPrime: Valuation Method & Beyond
Dive deep into stock configuration with our comprehensive guide in TallyPrime. Learn about essential stock valuation methods and costing techniques, including Zero Cost, Average Cost, FIFO, LIFO, and their perpetual variants. Discover how to configure Tally for different stock market valuation methods and check the valuation of stocks efficiently. Explore practical examples of altering stock behavior in Tally, such as treating stock as scrap/waste, considering all purchases as consumed, and handling zero-valued transactions. Gain insights into stock behavior alteration and streamline your inventory management with TallyPrime.
Tally Solutions Complete Course • Tally Solutions
00:45 Stock Valuation Methods
01:40 Different types of Costing and Market Valuation Methods for Stocks
01:59 What do you mean by Zero Cost ?
02:54 What do you Mean by Average Cost ?
03:20 FIFO ( First in First Out ) & FIFO Perpetual
04:34 LIFO (Last in First Out ) & LIFO Perpetual
06:04 How To Configure tally for using different methods for Stock market valuation ?
08:08 How to check the Valuation of the Stock ?
11:32 Stock Behaviour Alteration ( Various Types Practical Examples of entry in Tally )
13:28 How to change stock behaviour treat stock as Scrap/Waste
18:37 How to treat all purchase as Consumed ( if purchased in Weight and Quantity should not be a matter)
22:40 Ignore negative balance Treat as new Manufacture in Stock
27:35 Zero Valued Transactions Entry
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