Tally Blogs
Pratibha Devasenapathy   Jun-24-2020
inventory Inventory Management inventory reports
Inventory Reports: Definition and Example

Inventory reports help to run any business without interruption or breaking the bank and reduce the risk of running out of stock. Check the details of Inventory reports with example.

Read More

Tally Blogs
Tally Solutions   Jun-10-2020
Purchase order format Purchase order process
Purchase Order – Definition, Sample Format and Process Flow

A purchase order is a contract between the buyer and the seller and it gives specific information like product or services to be delivered, delivery date, and any other terms and conditions.

Read More

Tally Blogs
Tally Solutions   May-21-2020
importance of inventory control inventory control inventory control methods
Inventory Control – Definition, Objectives, Methods and Steps

Inventory control is an activity of checking a shop’s stock and to maintain the inventory at desired levels, keeping in view the best economic interest of an organization.

Read More
Pratibha Devasenapathy   May-07-2020
inventory Inventory Management
Inventory Management: Importance and Benefits

Learn the importance and benefits of inventory management since inventory is one of the most crucial aspects of any business model.

Read More
Pratibha Devasenapathy   May-04-2020
inventory inventory planning
Inventory Planning: Basic Concept and Benefits

While a few business owners do understand the significance and cruciality of tracking inventory on a regular basis, some fail to realise its importance making their business fall through unseen cracks

Read More
Yarab A   Apr-17-2020
Inventory Management
Inventory Turnover Ratio – Definition, Formula and Example

Inventory turnover ratio is an accounting ratio that establishes a relationship between the revenue cost, more commonly known as the cost of goods sold.

Read More
Yarab A   Jan-15-2020
Inventory Management
Inventory Valuation – Definition, Methods, Examples and Calculations

Inventory valuation is a process to determine the cost associated with an entity's inventory at the end of a reporting period

Read More
Yarab A   Jan-15-2020
Inventory Management
What is Closing Stock? Examples and Calculations

Closing Stock is an amount of unsold stock lying in your business on a given date. In simple words, it’s the inventory which is still in your business waiting to be sold for a given period.

Read More
Tally Solutions   Jan-13-2020
Inventory Management
Cost of Goods Sold (COGS): Definition, Formula, Calculation and Example

The cost of goods sold (COGS) is any direct cost related to the production of goods that are sold or the cost of inventory you acquire to sell to consumers.

Read More
Pratibha Devasenapathy   Dec-06-2019
How Barcode Inventory System Can Change the Way Small Businesses Operate

Barcodes are an essential part of inventory management. With a simple scan of a barcode, you can do what would take several minutes, or even hours, to do manually.

Read More
Yarab A   Dec-03-2019
Manufacturing
Bill of Materials (BOM) – Definition, Examples, Format and Types

Bill of Material is a comprehensive list of raw materials, components, assemblies, sub-assemblies, parts, or anything which is required to manufacture the finished product.

Read More