Stock Ageing Analysis Report (Job Work In) TallyPrime

The Stock Ageing Analysis Report in TallyPrime, particularly under the Job Work In module, helps businesses analyze how long inventory items have been held in stock.

This report categorizes stock based on their age, enabling businesses to identify slow-moving or obsolete inventory, which is crucial for effective inventory management.

1. Purpose of the Stock Ageing Analysis Report in TallyPrime

This report aids in:

• Identifying Slow-Moving Stock: Helps pinpoint items that have been in stock for too long.
• Improving Cash Flow: Encourages the sale of older stock to free up cash tied in inventory.
• Reducing Waste: Prevents stock from becoming obsolete, particularly important in industries dealing with perishable goods.
• Optimizing Inventory Levels: Ensures that stock levels are kept optimal by managing the inflow and outflow of goods efficiently.

2. Accessing the Stock Ageing Analysis Report in TallyPrime

To access the Stock Ageing Analysis Report in TallyPrime:

1. Open TallyPrime and navigate to the Gateway of Tally.
2. Go to Display.
3. Select Job Work Reports.
4. Choose Stock Ageing Analysis.

3. Components of the Stock Ageing Analysis Report in TallyPrime

1. Item Name:

• The name of the stock item.
• Example: Copper Wire

2. Ageing Intervals:

• Stock is categorized into different ageing intervals (e.g., 0-30 days, 31-60 days, 61-90 days, etc.).
• Example Intervals:
  • 0-30 days: 50 kg
  • 31-60 days: 30 kg
  • 61-90 days: 20 kg

3. Closing Balance:

• The total quantity of stock remaining at the end of the period.
• Example: 100 kg

4. Rate:

• The value of the stock per unit.
• Example: ₹200/kg

5. Value:

• The total value of the stock, calculated as the quantity multiplied by the rate.
• Example: ₹20,000

4. Example of a Stock Ageing Analysis Report in TallyPrime

Suppose a company has 100 kg of Copper Wire in its inventory, categorized by ageing intervals:

Item Name: Copper Wire
0-30 days: 50 kg
31-60 days: 30 kg
61-90 days: 20 kg
Rate: ₹200/kg
Total Value: ₹20,000

Explanation:

• Item Name: The report is analyzing Copper Wire.
• Ageing Intervals: The stock is distributed across three intervals: 50 kg within 0-30 days, 30 kg within 31-60 days, and 20 kg within 61-90 days.
• Closing Balance: The total quantity in stock is 100 kg.
• Rate: The Copper Wire is valued at ₹200 per kg.
• Value: The total value of the stock is ₹20,000.

5. How to Use the Stock Ageing Analysis Report

1. Manage Old Stock:

Use the report to identify older stock that needs to be sold or liquidated to prevent obsolescence.

2. Pricing Strategy:

Consider offering discounts or promotions on older stock to move it faster.

3. Inventory Replenishment:

Prioritize replenishing fast-moving items and review slow-moving stock before placing new orders.

4. Waste Reduction:

Especially in industries with perishable goods, use the report to ensure that products are sold before they reach their expiration dates.

5. Cash Flow Management:

By turning over older stock faster, you can improve cash flow and reduce the capital tied up in inventory.

6. Conclusion

The Stock Ageing Analysis Report in TallyPrime is a valuable tool for businesses to manage their inventory effectively.

By categorizing stock based on how long it has been held, this report helps in making informed decisions about stock liquidation, pricing strategies, and inventory replenishment, ultimately contributing to better inventory management and financial health.