Stock Summary in Tally Prime

The Stock Summary in Tally Prime provides a comprehensive view of inventory status, including stock quantity, value, and movement. This guide explains how to view and analyze the Stock Summary step by step with a real-world example.

1. What Is the Stock Summary in Tally Prime?

The Stock Summary is a detailed report showing the status of all stock items. It includes opening balances, inward and outward quantities, closing balances, and their valuation.

2. How to Access the Stock Summary

Follow these steps to access the Stock Summary in Tally Prime:

Step 1: Open the Stock Summary

Navigate to:

• Gateway of Tally → Stock Summary

Step 2: View the Summary

The Stock Summary screen will display a list of all stock groups and items with their quantities and values. The report is divided into columns such as:

• Opening Balance
• Inwards (receipts)
• Outwards (issues)
• Closing Balance
• Value (based on valuation methods)

3. Real-World Example of Stock Summary

Let’s assume a business deals in the following items as of December 1, 2024:

• Laptops: Opening Balance 20 units, $1,000 each
• Printers: Opening Balance 15 units, $500 each

During the month, the following transactions occur:

• Received 10 units of Laptops at $1,050 each.
• Sold 5 units of Printers at $600 each.

The Stock Summary will reflect:

4. Customizing the Stock Summary

The Stock Summary can be customized to include or exclude specific details. Follow these steps:

Step 1: Use F12 (Configuration)

While viewing the Stock Summary, press F12 to open the configuration options.

Step 2: Set Preferences

Customize options such as:

• Show Quantities
• Show Values
• Show Rate of Stock Items
• Show Transactions

Press Enter to apply the changes.

5. Analyzing Stock Movement

To analyze the movement of specific stock items, follow these steps:

Step 1: Select a Stock Item

From the Stock Summary screen, select the item you want to analyze and press Enter.

Step 2: View the Movement Analysis

The Movement Analysis report shows details of inward and outward transactions for the selected item.

6. Summary

To summarize:

• The Stock Summary provides an overview of inventory status.
• It includes details such as opening and closing balances, inwards, outwards, and valuation.
• Customization options allow for a tailored view of the report.
• Stock Movement Analysis helps in understanding item-specific transactions.

7. Conclusion

The Stock Summary in Tally Prime is a powerful tool for inventory management. By using this feature, businesses can maintain accurate stock records, track inventory movement, and make informed decisions.