{"id":37411,"date":"2023-01-20T17:13:22","date_gmt":"2023-01-20T11:43:22","guid":{"rendered":"https:\/\/www.techjockey.com\/blog\/?p=37411"},"modified":"2023-12-21T12:52:59","modified_gmt":"2023-12-21T07:22:59","slug":"stock-group-in-tally","status":"publish","type":"post","link":"https:\/\/www.techjockey.com\/blog\/stock-group-in-tally","title":{"rendered":"What is a Stock Group in Tally and How to Create Stock Group?"},"content":{"rendered":"\n
Summary:<\/strong> In Tally software, you can create, alter, and delete single stock and multiple stock groups. But what are the steps you need to follow for this? Keep on reading to learn more about single and multiple stocks and steps to enter them in Tally.<\/em><\/p>\n\n\n\n Grouping and categorizing stock items is indispensable for any business dealing with inventory items. Tally software has made the classification of stocks easier by enabling businesses to classify and group the stock items in single or multiple stock groups. Proper stock groups in Tally help in identifying stock items, finding stock replenishment, categorizing them, and so on. Learn more about stock groups and how you can create one in Tally below.<\/p>\n\n\n\n Stock groups are a group of stock items having some common attributes like brand, price, quality, etc. It is different from stock categories where classification is done based on the common characteristics. Stocks belonging to different groups can be part of the same category if they share common features.<\/p>\n\n\n\n Grouping stock items enables businesses to systematically organize the stock and provide a consolidated view of all the stock items available with the business.<\/p>\n\n\n\n Some examples of stock groups include:<\/p>\n\n\n\n XYZ ginger tea bags of different pricing having same brand can be grouped under a stock group for the \u201ccommon brand\u201d. However, all of them are tea bags and therefore, would be categorized under the \u201cTea\u201d category.<\/p>\n\n\n\n A company dealing with fabric production can create groups for fabric under a single group based on the material used. Fabric made with cotton can be clubbed together in a single group. Whereas fabric made with synthetic material can be stacked in a single group.<\/p>\n\n\n\n Stock groups can be opened in TallyPrime<\/strong><\/a> by following a few simple steps-<\/p>\n\n\n\n Step 1:<\/strong> Open Gateway of Tally and go to the inventory info. After that, select the inventory information in the master tab.<\/p>\n\n\n\n Step 2:<\/strong> Display the inventory master’s list in the inventory information, where you can store and maintain all the data. The list of data includes stock groups, categories, items, measuring unit, and much more. To start working with stock groups, open the stock group section.<\/p>\n\n\n\n Step 3:<\/strong> Next, the Tally will display two types of stock groups in the section Stock Groups, such as single and multiple stock groups. You can create and display all types here.<\/p>\n\n\n\n Suggested Read: How to Record Sales & Purchase Entry in Tally with GST<\/a><\/strong> | Top Tally Prime Alternatives<\/strong><\/a><\/p>\n\n\n\n Follow the given steps to create a single stock group in Tally:<\/p>\n\n\n\n Step 1:<\/strong> Open Gateway of Tally, go to Inventory Info, then open Stock Groups, and open \u201ccreate option\u201d under the single group section.<\/p>\n\n\n\n Step 2:<\/strong> Add the stock group name that you want to create.<\/p>\n\n\n\n Step 3:<\/strong> Under the section, \u201cAlias”, add the secondary name apart from the primary stock name. You can create multiple names for the single stock group.<\/p>\n\n\n\n Step 4:<\/strong> Next, you need to mention the stock category like primary or a sub-group of another group in the option \u201cUnder\u201d, by choosing from the available list.<\/p>\n\n\n\n Step 5:<\/strong> If you do not have the stock parent group, create one by pressing the key Alt+C.<\/p>\n\n\n\n Step 6:<\/strong> The field \u201cShould Quantities of Items\u201d contains information for measuring units of the stocks that you would categorize under the Stock Group. Categorized stock items in the group will have similar measuring units to be added up. However, the user cannot add stocks available in Kgs into Pcs.<\/p>\n\n\n\n Step 7:<\/strong> Enable the option \u201cSet or Alter GST Details\u201d to mention GST rates. Once done, press the enter key to save the details. With Tally, users can always go back and reset all the details.<\/p>\n\n\n Shortcut Keys For Creating Single Group of Stock in Tally<\/strong><\/p>\n\n\n\n<\/span>What Is a Stock Group?<\/span><\/h2>\n\n\n\n
<\/span>Examples of Stock Groups<\/span><\/h2>\n\n\n\n
<\/span>How to Open Stock Groups in Tally?<\/span><\/h2>\n\n\n\n
<\/span>Steps to Create Single Stock Group<\/span><\/h2>\n\n\n\n