Beruflich Dokumente
Kultur Dokumente
Tally permits different valuation methods for different items, that is, it does not restrict you
to one method of valuation only for all items. The selection of an appropriate costing
method is essential in order to select an appropriate stock valuation method. This helps
in knowing the value of the stock both on cost basis and sale basis, which shows the
approximate profit margins lying in the inventory.
1. From the Gateway of Tally -> Inventory Info ->Stock Item Creation Screen.
2. Press F12:Configure. Advanced Entries for Inventory should be activated.
3. Return to the Stock Item screen.
4. Under behaviour, activate costing and market valuation methods by entering values in
Units and Set Std Rates.
• Average Cost
• At Zero Cost
• First In First Out (FIFO)
• Last Purchase Cost
• LIFO Annual (Last In First Out Annual)
• LIFO Perpetual (Last In First Out Perpetual)
• Monthly Avg. Cost
• Standard Cost
• At Zero Price
• Average Price
• Last Sale Price
• Standard Price
Tally recalculates the average value after each purchase or sale for the whole year.
At Zero Cost:
Tally assumes the sale of the newest goods first taking into account the current financial year.
As above, but the last purchase price continues from the previous financial year.
Tally recalculates the average value after each purchase or sale for the whole month.
A pre-determined value that you have entered earlier during the stock item creation.