What is Bill of Material (BOM)?
A bill of material is an accounting entry used by a manufacturer, BOM (Bill of Material) is a comprehensive inventory of the raw materials, assemblies, parts, and components, as well as the quantities of each, needed to manufacture a product. Any Businessman who manufactures a product makes it a finished product, then he must use the bill of material (BOM)
Bill of Materials Examples
As we mentioned above in the definition of Bill of Material, making finished goods by producing any raw material is called bill of material, Now we tell you some examples of Bill of Material
1) Fabric jeans manufacturing
2) Customizing mobile phones
3) Manufacture children’s Toys
Different types of Bill of Materia
The Following are the different types of Bill of Material
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Assembly Bill of Material
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Single Level Bill of Material
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Multi-Level Bill of Material
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Configurable Bill of Material
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Service Bill of Material
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Manufacturing Bill of Material
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Sales Bill of Material
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Engineering Bill of Material
Bill of Material in Tally Prime
So by now, you have learned that what is Bill of Material, now we are going to tell you in detail in this article that if you want to learn how to maintain the accounting of bill of material/process of the bill of material in tally software, then you have to follow the steps from which will have to follow you will be explained in detail
Step 1: First of all you have to create a new company by opening Tally Prime and enter your details it,
Step 2: After creating a company in Tally prime software, in 2nd step, you have to create a group of raw material and finish Goods
Step 3: After creating the groups, in the next step, you have to create your stock of raw material and finish goods.
Example
Stock Item | Under Group |
Hard Disk | Raw Material |
Ram | Raw Material |
Keyboard | Raw Material |
Mouse | Raw Material |
Monitor | Raw Material |
Processor | Raw Material |
Data Cables | Raw Material |
Cabinet | Raw Material |
UPS | Raw Material |
Samsung Computer | Finish Good |
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