Stock Summary is a statement of stock-in-hand as on a particular date. It is updated with every transaction in real time and provides the current stock position.
The statement can be drilled-down, as with all Tally reports, and configured to enable you to view different details, for instance, the total flow of stock can be viewed with a single report.
Tally treats Stock Summary as one of the primary statements and makes it accessible directly from the Gateway of Tally.
To view Stock Summary
| 1. | Go to Gateway of Tally > Stock Summary |
| 2. | The default display is of Stock Group balances. |
| 3. | Select Detailed to show another level of detail. |
The detailed report will include sub-groups or Stock Items (in cases where there are no sub-groups), displays as shown:
In the above illustration the stock groups Hardware and Software contain stock items and have closing balances.
The Stock Groups displays total quantities, as the unit of measure is the same for all the stock items added. A grand total is also available as there is a single unit of measure for all 'addable' items. If there were different units of measure, then the grand total would not be calculated and displayed.
More:
Gross Profits – (Item and stock group profitability)