Manage Buying (Purchase) Price Using Standard Cost :

If you want all your data entry operators to use the same cost price while purchasing a stock item, Then Set it.

Specify standard cost for stock item :

For a stock item, you can specify the standard cost on a daily basis by entering the date.

1. Open the stock item alteration screen, and configure it to enter standard rates.

A. Gateway of Tally > Create > Stock Item > and press Enter. Alternatively, press Alt+G (Go To) > Create Master > Stock Item> and press Enter.

B. Press F12 (Configure) > set the option Provide Standard Buying and Selling Rates to Yes. If you do not see this option, set Show more configurations to Yes.

2. Specify the standard cost for stock item

A. Set the option Alter standard rates to Yes.

B. Enter the Standard Cost with the Applicable From date and Rate per unit.

3. Press Ctrl+A to accept the Standard Rates screen.

4. Accept the stock item screen. As always, you can press Ctrl+A to save.