Stock Groups in Tally

Stock groups in Inventory are similar to groups in accounting master. Stock groups in tally helps in classification to stock items according to their behavior. The grouping of stocks in tally enables to identify and report in statements as per stock wise. Similar stocks can be are grouped under stock groups according their characteristics, brand, product type, etc.

Examples of Stock Groups

Tutorial Kart sells Laptops, PC’s and Music system. Below are the structure of stock items that being sold.

Group A Computers

A1 – Lenov0A1a – 13 Inch Laptop
A1 – Lenov0A1b  – Lenovo 16 Inch PC
A2 – DellA2a – Dell 13inch Laptop
A2 – DellA2b – Dell 16 inch Pc
A3  – HPA2a – HP 13inch Laptop
A3  – HPA3b – HP 16 inch PC

In above example, all the laptops and Pc’s are grouped under computers and main stock group computer will be created in tally.

Group B – Music System
B1 – SonyA2a – Blue Ray Player
B1 – SonyB2b  – DVD player

In above examples, music products are grouped under music system and main stock group music system will be created in tally.

How to open Stock groups in Tally ERP 9

Step – 1: Gateway of Tally > Inventory Info.

After opening the Tally application, from the Gateway of Tally screen choose the inventory info under Master tab.

Inventory Info in tally

Step 2: Next under Inventory Information, displays list of inventory masters where you can maintain inventory master data.

  1. Stock groups
  2. Stock Categories
  3. Stock items
  4. Unit of Measures
  5. GoDowns
  6. Voucher Types
  7. Copy Allocation details

To work with stock groups in tally, click on stock groups option.

Stock groups in tally

Step 3: Under stock groups, it display two types of stock groups

  1. Single Stock Group
  2. Multiple Stock groups

From this screen, you are allowed to create, display and modify single stock group and multiple stock groups in tally.

Through stock groups, it helps you to find the total sales, as per brand wise at particular period of time.