December 5, 2024
Looking for production reports? In today’s world, production reports are essential for tracking efficiency and managing operations. This guide will show you how to prepare production reports in Tally Prime and BI reporting tools.
What Are Production Reports?
Production reports show the details of your manufacturing process. They include:
- Quantity of Raw Materials used.
- Finished goods produced.
- Wastage or by-products generated.
- Overall production cost.
These reports help optimize resources and improve productivity.
Step-by-Step Process – How to Prepare Production Reports in Tally Prime
Follow these steps to create production reports in Tally Prime:
1. Enable Inventory and Manufacturing Features
To enable these features:
- Go to Gateway of Tally > F11 (Features) > Inventory Features.
- Under Masters > Create > Under Accounting Masters > Voucher Type > Select “Type of voucher” to Stock Journal and set “Use as a Manufacturing Journal” to Yes.
2. Create Stock Items
Define your raw materials and finished goods:
- Navigate to Gateway of Tally > Inventory Info > Stock Items > Create.
- Enter the Name, Unit of Measure and link them to appropriate Stock Groups.
3. Record a Production Voucher
A production voucher is essential to track your manufacturing process:
- Go to Gateway of Tally > Vouchers >Alt F7 (Stock Journal) or (Manufacturing Journal).
- Fill in the details:
- Finished Goods Produced: Enter finished goods and quantities.
- Raw Materials Consumed: Select stock items and quantities.
- Wastage (if any): Record by-products or wastage.
Save the voucher to record the manufacturing process.
4. Generate Inventory Reports to analyze Production Processes
Reports like – Movement Analysis, Stock Summary, Stock Ageing Analysis you can generate for analysing Production processes In Tally.
For Movement Analysis–
- View the goods in, goods out, quantity, effective rate, and value of stock items by going to Gateway of Tally > Display More Reports > Statement of Inventory > Movement Analysis > Transfer Analysis.
For Stock Summary–
- Go to Gateway of Tally > Display More Reports > Inventory Books > Stock Group Summary.
- Select the stock item or group to view details like opening balance, Goods Inward, Goods Outward and closing balance.
Why Use BI Tools for Production Reporting?
BI tools can provide advanced analytics. With BI reporting tools you can get benefits like:
- Production Analysis– Analyze production by item, machine, operator, shift or month with customizable filters.
- Machine Analysis- Track detailed machine-wise production & efficiency.
- BOM vs. Actual- Compare actual material usage against BOM to identify variances in production.
- Downtime Analysis- Track detailed machine-wise downtime by machine & by shift.
