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1. Paper name – computer application in business
Staff - p.nivetha mca , m.TECH
Class - ii-bca
Semester - iv
Unit - iv
Topic - inventories

2. Introduction of inventory:
Inventories are made up of a grouping of goods,
raw materials and finished products, and efficient
Management of these items is essential to ensure optimal
stock levels and to maximize the earning potential of the
company,. It is also allows a business to check or mitigate
Any inventory associated losses.
Inventory is an expensive and imperative
asset to many companies.
Low inventory levels may result in stock out
and miserable customers.
familiar examples are raw materials, work-
in-process, and finished goods.

3.  Most companies try to balance high and low inventory
levels with cost minimization as a goal.
 Inventory may account for more than 10% of total revenue
Or 20% of total assets.
 Management must reduce inventory levels yet avoid stock
outs and other problems.

4.  An inventory management system monitors all aspects of
A company’s inventory as items move through the
production and sales process.
 Effective inventory management is important as not only
is inventory one of the most valuable assets to a business;
 There is a direct link between inventory levels and
company profits.
 It can also used be used to forecast inventory levels and
Prices, as well as expected product demand.
 The process involves tracking customers orders, shipping,
Costs, stock and sales.

6. budget:
 A budget is an permitted plan for raising funds and
Spending that provides the financial support to realize the
Organization’s annual goals.
 Budget serves many other purpose. For example,
Budgets allocate a nonprofit to:
 Spend money cost-effectively
 provides a well-thought out plan to a funder on
How their money will be spent,
 Measure and guide the organization’s long-term
Financial health,
 Control spending.

7. Budget creation:
 The financial service department prepares worksheet to
assist the department head in preparation of department budget
Estimates.
 The terminated finance are offered by the managers to
analysis and approval.
 The administrators can work with the financial facilities, or
work
Alone to make an estimate for the departments coming

8. Budget control:

9.  A budgetary control is a instrument that helps senior
supervisor make sure that spending limits are acceptable.
 This control is significant because expenditure excesses
have an fault-finding effect on corporate incomes.
 Division of management on functional basis into
several sections known as a budget centre.
 Reporting the variances with correct investigation to
provide basis for upcoming path of action.

11. Editing and deleting budget:
Click the red delete this budget link.

12. Essential of budgetary control:
 Organization
 Budget centers
 Budget officers
 Budget manual

13. To create a cost category:
Gateway of tally  accounts info cost category create

14. After that open:
Cost categories example:

15. Cost center:
 step 1 - Go to gateway of Tally and click on accounts
info.
 step 2- In the next screen under single cost centre
option click on the option create.

17. Cost centre:
Main cost centre – finance, manufacturing, marketing.
 beneath marketing, classify the business sales executive
As cost centre.
 This will assistance us to pathway a sales executive’s
performance in terms of cost and revenue generated.

18. Generating and printing reports:
Printing can be done in two days
 Using the print(Alt + P) button.
 Using multi-account printing option.