Physical Stock Voucher in TallyPrime

A Physical Stock Voucher in TallyPrime is a type of voucher used to record the actual physical count of inventory items on hand. It is typically used in situations where you need to reconcile the recorded stock in your books with the actual stock physically present in your inventory.

1. Stock Verification: Physical Stock Vouchers are used when you want to perform a physical count of your inventory to verify if it matches with the recorded quantities in your books.
2. Correcting Discrepancies: If there are any discrepancies found during the physical count, you can use the Physical Stock Voucher to correct the stock levels in your records to match the actual physical stock.
3. Recording Opening Stock: When you start using TallyPrime for accounting, you might use a Physical Stock Voucher to enter the initial stock levels on hand.

Here’s an example scenario:

You have recorded in your books that you have 100 units of a particular product, but after counting, you find that there are only 95 units physically present. In TallyPrime, you would use a Physical Stock Voucher to adjust the stock levels:

1. Open TallyPrime and navigate to “Accounting Vouchers.”
2. Select “F11: Features” to enable the option for Physical Stock Vouchers.
3. Create a new voucher and select “Physical Stock Voucher” as the voucher type.
4. Enter the necessary details like the date, product details, and the quantity counted (in this case, 95 units).
5. Save the voucher.

By using the Physical Stock Voucher, you accurately reflect the actual stock levels in your records, ensuring that your financial statements provide an accurate representation of your inventory position. This is crucial for making informed business decisions and maintaining accurate financial records.