Lesson-27 Stock Journal Voucher

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Stock Journal Voucher

 

Stock Journal is a Journal in which all types of Stock
Adjustments are entered.
The stock adjustment may be
due to:

Inter-Godown Transfer

This is useful to transfer the goods from one
location to another. The quantity of Stock remains the same, but the Location
changes.
Additional Cost/Expenses involved in the Transfer of
goods.
You can also account the additional cost incurred in
connection of transfer of materials from one location to another.
Accounting for Wastage of stock or shortage of stock
There may be a shortage or wastage of stock items,
the quantity may have got changes. In such cases, you have to enter a stock
journal to account for the increase or decrease in the Stock Item.

Manufacturing Process

If you are involved in the manufacturing process in
which raw materials are consumed and finished goods are produced, then you can
create a manufacturing Journal Voucher also.
To view the Stock Journal Voucher:
Go to Gateway of Tally >
Inventory Vouchers
1.     
Press the
buttons Alt + F7 or Select the button F7: Stk Jrnl from the Button Bar
For example, the company transfers Item B from the
warehouse to the shop.
Note: To get the Godown details enable the
feature Maintain Multiple Godowns in F11:
Features: F2: Inventory Features
.


Date
Enter the Date of Stock Journal entry.

Ref

Enter the reference number, if any, or leave it
blank.
Note: To get the reference column in the Stock
Journal, in F12: Configuration screen set Yes to Use Ref. Number in Stock Journal.

Following are the two parts of a Stock Journal voucher:

Source (Consumption)

Name
of Item

Select the name of the Item from the ‘List of Items’,
which needs to be transferred under ‘Source’.

Godown

Select the Godown from the List of
Godowns, from which goods are getting transferred.

Quantity,
Rate and Amount

Enter the quantity of the items that is getting
transferred and rate, amount will popup automatically.
Note: The rate that is captured here is
obtained from the Godown summary.

Destination (Production)

Name
of Item

Select the name of the Item from the List of Items under the column Destination.

Godown

Select the Godown from the List of
Godowns, to which goods are being transferred.

Quantity,
Rate and Amount

Enter the quantity of the items that is being
transferred. The rate and amount will be displayed automatically.
Note: You can have a different Rate for Source
(Consumption) and for Destination (Production) column for the same Stock Item.
When there are some Additional Cost/Expenses incurred,
then you can account the same in the Stock Journal.
After mentioning the quantity, rate and amount under
Destination (Production), the ‘Additional Cost Details’ screen will be
displayed. Enter the additional cost/expense incurred.
Note: To get the additional cost details in the
Stock Journal voucher, enable Track additional costs of
Purchase in F11: Features: F2: Inventory Features.


Narration

Enter the
narration, if required.
Printing Stock Transfer
Select the option
Destination Godown on Top of Voucher in Printing Configuration While printing
Stock Transfer Voucher.
RECOMMENDED READ  Lesson 4-Maintaining Group

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