 Tally Features
Tally for Inventory Accounting.
Multi-Valuation Inventory.
Simultaneously choose from an array of Cost or Market Valuation Methods
- including LIFO (both Annual and Perpetual), FIFO, weighted Average,
Simple Average, Last Purchase/Sale Price and Standard Cost. get
comparative charts of valuation using different methods, or even ask TALLY
to select the methods to Maximize or Minimize your Inventory value.
Invaluable for Insurance determination purposes - or estimating disposable
stock value.
Tally gives you the luxury of valuing your stock in several ways.
It goes further by giving you the option of changing the valuation
method without any changes to the underlying data
To get the correct stock valuation for a given item, Tally also allows
you to allocate overheads to stock values. In fact, additional purchase
costs like freight, octroi, taxes etc. in purchase bills are automatically
apportioned to stock items on the basis of quantity or value as configured
by the user. You can thus get the 'effective rate' for any stock item
instantly.
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Topics in Inventory Accounting
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