* It is easy for the businesses to deal with multiple product lines where each product line requires segregation. This can be done by defining unlimited Groups, Categories, Batches, Godowns/Locations.
* Buying material in one unit and selling it to another, Stock Items should be measured in more than one unit, quantifying the unit of stock item with floating conversions; these are the real-time complexities which every business must deal with. Handling them is no longer a boring task with the help of Flexible Units of Measure in TallyPrime which allows you to manage and measure the stock items the way you want.
* If you are in a manufacturing industry then with TallyPrime you can record the whole manufacturing cycle such as raw materials involved, their purchase costs, track godowns from where the raw material is consigned, details of goods that are manufactured, byproducts and scrap left after manufacturing.
* TallyPrime’s Bill of Material (BoM) feature allows you to define the raw materials, assemblies, parts and components, etc. needed to manufacture one complete product; together with the option to define the by-products, co-products and scrap quantities of all the inventories in BOM of completed products.
* Reorder level in TallyPrime prevents you from getting out of stock. It gives you the real-time information about the items that must be refilled with enough quantities. You can also set the Reorder level as well as Minimum order level to generate reorder status reports automatically along with details of shortage items and quantities to be ordered.
* Through Multiple Stock Valuation, you can evaluate your closing stock of each item using different stock valuation methods as per your preference. Stock Valuation Methods supported by TallyPrime are FIFO, FIFO Perpetual, LIFO Perpetual, LIFO Annual, Average Cost, Last Purchase Cost, Std. Cost, Monthly Avg. Cost, At Zero Cost.
* TallyPrime’s Job work feature is so powerful that you can fully manage the job work process as principal manufacturer as well as job worker. You can also record the Material issues, receipts, consumption of materials with the reference of particular job work and its reports. This gives you a complete visibility of job status and material status.
* It is important for businesses to manage Manufacture and Expiry Date on the products that have short life or a predefined life. With TallyPrime, you can maintain batches with manufacturing and expiry dates and its batch summary report gives you the complete visibility of batch details such as mfg Date, expiry date, etc.
* With TallyPrime, you can manage your inventories more competently and keep eagle’s eye on your stock movement with the help of multiple inventory reports. For e.g. stock summary report, aging analysis report, item-wise profitability etc..
* Item Cost Tracking feature in TallyPrime lets you easily track and find out the procurement cost, landing costs, manufacturing or production costs, order cost or profit, and job cost or profit, etc.
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