The next choice after the ‘Account Info.’ In Gateway of Tally menu is ‘Inventory Info.’ In this section take a look at the options available under this choice.

(Figure 2.6)

¨ Stock Groups
Based on common feature, all your stock items can be classified into stock groups.
¨ Stock Item 
Stock items are the actual items in stock. This is lowest level of information about your inventory. Each item that is required to be accounted for, need to be created. You can then account for the issues and receipts of each item.
¨ Voucher Types 
This option allows you to create additional voucher types or alter the existing ones. The procedure is exactly identical to the voucher type functions that we discussed in ‘Account Info.’ Menu.
¨ Units of Measure 
This option is used to specify the various units of measure you use to specify the quantities of stock items.