How to Do Product Entries in Tally Prime 7.0 – Simple Step-by-Step Product & Item Creation Guide

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Introduction

Correct product entry is the foundation of accurate accounting, GST compliance, inventory control, and reporting in Tally. If products are not created properly, businesses may face issues such as wrong stock valuation, GST mismatches, incorrect billing, and unreliable reports.

Tally Prime 7.0 (and the latest Tally Prime versions) make product entry simple, flexible, and user-friendly, even for beginners. Whether you are a trader, manufacturer, service provider, or CA firm, learning the correct way to create product entries is essential.

This guide explains how to do product entries in Tally Prime 7.0 in a simple and practical manner, suitable for beginners and professionals alike.

What Is a Product Entry in Tally Prime?

In Tally Prime, a product entry means creating a Stock Item.
A Stock Item represents any product, material, or goods that you:

• Buy
• Sell
• Store
• Manufacture
• Track in inventory

Examples:

• Mobile phone
• Cement bag
• Laptop
• Spare parts
• Finished goods
• Raw material

Before Creating Product Entries – Basic Setup

Before adding products, ensure these features are enabled:

Step 1: Enable Inventory Features

1. Press F11 (Features)
2. Select Inventory
3. Enable:
   • Maintain Inventory – Yes
   • Enable Storage Location (Godowns) – Optional
   • Enable Batch-wise details – If required
4. Save the settings

Step-by-Step: How to Create Product Entry in Tally Prime 7.0

Step 1: Open Stock Item Creation Screen

1. From Gateway of Tally
2. Go to Create > Stock Item
   (or press Alt+G → Create → Stock Item)

Step 2: Enter Product Name

• Enter the Product Name
• Example: HP Laptop i5

Tip: Use clear and unique names to avoid confusion.

Step 3: Select Stock Group

Stock Groups help organize products.

Examples:

• Electronics
• Hardware
• FMCG
• Raw Material
• Finished Goods

If no group exists:

• Press Alt+C to create a new Stock Group instantly

Step 4: Select Unit of Measurement

Units define how stock is measured.

Examples:

• Nos
• Pcs
• Kg
• Ltr
• Box

If unit not available:

• Press Alt+C to create a new unit

Step 5: Set GST Details (Very Important)

Enable GST for correct tax calculation.

• Set GST Applicable: Applicable
• Select HSN Code
• Enter GST Rate (e.g. 5%, 12%, 18%)

This ensures:

• Correct invoice tax
• Proper GST returns
• No mismatch in GSTR-1 and GSTR-3B

Step 6: Enter Opening Stock (If Any)

If you already have stock:

• Enter Opening Quantity
• Enter Opening Rate
• Value is auto-calculated

If starting fresh:

• Keep opening stock as 0

Step 7: Save the Product

Press Ctrl+A to save.

Your product entry is now complete.

How to Create Multiple Products Quickly

You can create multiple products one by one using:

• Alt+G → Create → Stock Item
• Copy existing items using Ctrl+Enter
• Use Excel import (advanced users)

Product Entry with Batch & Expiry (Optional)

Useful for:

• Medicines
• FMCG
• Chemicals
• Food items

Enable:

• Batch-wise details
• Manufacturing & Expiry dates

This helps in:

• Expiry tracking
• Batch-wise reporting
• Compliance

Common Mistakes to Avoid During Product Entry

❌ Wrong HSN Code
❌ Incorrect GST rate
❌ Duplicate product names
❌ Wrong unit of measurement
❌ Missing stock group

Avoiding these mistakes ensures error-free billing and GST returns.

How Product Entries Affect Business Reports

Correct product entry helps in:

• Accurate stock valuation
• Item-wise profit analysis
• GST compliance
• Inventory ageing
• Purchase & sales analysis

Who Should Learn Product Entry in Tally Prime?

• Business owners
• Accountants
• Store managers
• CA & tax professionals
• Billing operators
• Inventory controllers

Why Take Help from Binarysoft Technologies?

Powered by Binarysoft Technologies – Authorized Tally Partner

Binarysoft Technologies provides end-to-end Tally solutions, including:

• Product & inventory setup
• GST-ready stock configuration
• Tally Prime training
• Customization & support
• License sales & upgrades

Contact Details

Binarysoft Technologies
Authorized Tally Partner

�� Location:
1626/33, 1st Floor, Naiwalan, Karol Bagh,
New Delhi – 110005, INDIA

�� Contact Us:
+91 7428779101
+91 9205471661
+91 8368262875

�� Email:
tally@binarysoft.com

�� Business Hours:
10:00 AM – 6:00 PM (Mon–Fri)

Frequently Asked Questions (FAQs)

1. What is product entry called in Tally Prime?

Product entry is called Stock Item creation.

2. Can I edit product details later?

Yes. Go to Alter → Stock Item and modify details.

3. Is GST mandatory while creating products?

If your business is GST registered, yes, GST details should be entered.

4. Can the same product have different GST rates?

No. Each product should have one GST rate. Create separate items if required.

5. Is opening stock mandatory?

No. Opening stock is required only if stock already exists.

6. Can Binarysoft help with bulk product entry?

Yes. Binarysoft provides bulk upload and inventory setup services.

Conclusion

Creating product entries in Tally Prime 7.0 is easy when done step-by-step. Proper product setup ensures accurate billing, GST compliance, inventory control, and reliable business reports.

For professional setup, training, and complete Tally solutions, Binarysoft Technologies, an Authorized Tally Partner, is your trusted support partner.