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Inventory Management Made Easy with Tally Integration

Inventory Management Made Easy with Tally Integration

November 16, 2018

In majority of organizations today, important tasks like generating sales order, creating invoices or making business reportsare performed by automated systems. Third-party software’s like ERP, CRM or DMS are used to automate various processes in different departments like Sales, Inventory, Operations, etc. Tally being the backbone for any finance related data entry, most companies use Tally Integration software to ensure seamless export and import of their business data from these third party/ external applications to Tally and vice-versa.

Tally is an accounting, inventory, taxation and payroll software. It can help a business with accounting solutions, financial and inventory management, sales and purchase management, invoicing, reporting and MIS. Relevant data like inventory records, financial transactions, creditors and debtors list, sales records and even taxation details are saved in a company’s Tally data. Integrating third party applications with the Tally allows organizations to optimize their sales or procurement cycles, manage inventories and many more as they can access almost real time data across platforms/ software’s.

EasyReports comes with out-of-the-box Tally Integration capabilities. Users can import masters, transactions and stock lists in a minimal time. One of the big advantages of Tally software is that it can be customized as per specific industry needs. With Tally Integration capabilities, users can even import their Tally Customization into other programs. One very important aspect of running a business is inventory management. Companies that use some external software for inventory management can use their Tally customization fields to better evaluate their stock lists.

Integrating the inventory software with Tally can help a business in the following ways:

Monitor stock items

Inventory management software helps an organization to organize their stocks in a more orderly manner. By integrating with Tally, users can import all inventory data along with different stock groups, stock sub groups, and product stock categories. New stock items can also be entered under a particular warehouse address.Users can view stocks across multiple warehouses by going through the Tally reports. This allows them to determine from which warehouse the stock has to be utilized next. Inventory goods can also be maintained batch wise. This way, the expiry dates for each batch can be monitored easily.

Multiple units of measurement

A large part of inventory management is to do with purchasing stock items from different vendors. These stocks are bought on the basis of quantity, and quantity is measured in units. By integrating with Tally, the software can create multiple units of measurements for effective inventory management. Items can be stored under different units of measurement like dozen, carton, kilogram, litre, etc.  The same stock item can even be stored under multiple units of measurement. Example, a wholesaler might purchase plastic bottles in kilograms cost, but they sell it in packs of a dozen.

Stock movement records

Tally software is very systematic when it comes to keeping a record of all inventory transactions. It keeps detailed records via Goods Receipt Notes, Delivery Notes, Stock Transfer Journals, Manufacturing Journals as well as Physical Stock Journals. All stock movements are fully recorded and maintained in Stock Registers. Inventory management software with Tally Integration can only benefit from being able to import all these comprehensive stock records.

Movement Analysis

The Movement Analysis report produced by Tally helps an organization to figure out who are the suppliers of a product, who are the consumers, at what rate is the product procured, and at what rate it is being sold. This report helps users to analyze every item and determine the rate that would work best from the supplier’s side, and the best rate at which it can be sold to a customer. Users can only get this key benefit when the inventory software is integrated with Tally.

Ageing Analysis

The stock ageing analysis prepared by Tally ensures that an organization does not obtain new stock items before the old stocks are finished.The Ageing Analysis report displays the age of the stock in hand. It classifies the complete inventory on an age-wise break-up. These Tally reports help inventory software toidentify the slow-moving items, making sure goods that are not utilized do not get re-ordered with the new inventory list.

EasyReports Tally Integrationprovides ready integration for masters and transactions using time tested tools. It has been a provider of integration services to Asia’s largest consulting company for their own ERP product – an example of the stability and feature of its capabilities.

Using the integration platform provided by EasyReports you can integrate the following types of applications with Tally:

  • ERPs
  • CRMs
  • E-Commerce engines such as e-Bay, Shopify, Amazon, Flipkart, SnapDeal, WooCommerce, etc.
  • Dealer Management Systems such as Unilever, Castrol, CEAT, Amul, Marico, etc.
  • Custom built solutions

To know more about the various benefits of EasyReports Tally integration services, log on to http://www.easyreports.in/tally%20integration/