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Integrate Accounts with Inventory in Tally.ERP 9

Effect on Balance Sheet and Profit & Loss Account

Integrate Accounts with Inventory in F11: Features (F1: Accounting Features) has a significant effect on the Balance Sheet and Profit & Loss Account.

  • If Accounts with Inventory is set to Yes in F11: Accounting Features/ Inventory Features, the stock/inventory balance figures are automatically updated from the inventory records. You may also drill down to Stock Register from the Balance Sheet.

  • If the option Accounts with Inventory is set to No in F11: Accounting Features/ Inventory Features, the inventory values are ignored and closing stock balances are entered manually.

Note: Sometimes, Stock records may contain compensating errors which are caused by incorrect allocations to the Stock Items. This feature of Tally enables the finalisation of financial books without considering such errors.

 
 
 
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