“Manufacturing” is a broader concept that refers to the process of creating / producing goods through the transformation of raw materials or components into finished products. It involves various stages such as planning, production, quality control, and distribution. In a manufacturing business, tracking the production process and calculating the cost of goods manufactured is essential.
TallyPrime simplifies this process using the Manufacturing Journal or Bill of Materials (BOM) feature. This feature helps record the raw materials consumed and the finished goods produced, ensuring accurate inventory and costing.
Bill of Materials (BOM): Tally Prime allows you to create and manage Bill of Materials, which is a detailed list of all the components, raw materials, and sub-assemblies required to manufacture a finished product.
Cost Tracking: Manufacturing involves various costs such as raw materials, labor, overheads, and more. Tally Prime’s manufacturing features help in tracking and calculating these costs accurately, providing insights into the overall cost of production.
A Manufacturing Voucher is a feature in TallyPrime that allows businesses to:
- Record the consumption of raw materials.
- Track the production of finished goods.
- Calculate the total production cost automatically.
To make it efficient, TallyPrime uses a Bill of Materials (BOM), which is a predefined list of raw materials required to manufacture a finished product.
Step 1 Purchase Following Raw Material
GOT >> Vouchers >> Purchase
Step 2 Create A New Voucher
Gate Way Of Tally >> Create >>Voucher Type
- Select type of voucher
- Use as Manufacturing voucher journal
Step 3 Create Finishing Stock Item “Computer Assemble”
Set Up Components or Raw Materials Ratio Quantity
Step 4 Pass Manufacturing Voucher by Pressing ALT F7
Manufacturing Voucher will be like this
