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The Reorder and Minimum order quantity is defined based on fixed consumption pattern.

When you select the Stock Group under the Reorder Levels menu, the Simple Reorder Levels screen will be available, by default.

Go to Gateway of Tally > Inventory Info. > Reorder Levels

Select a group of Stock Items from the List of Groups, to specify Reorder Levels for the Stock Items in the Specify Reorder Levels screen. For each item in stock, you can define a Reorder Level and the Minimum Order Quantity.

The Simple Reorder Levels screen appears as follows:

Reorder Quantity

Enter the level/quantity in the Reorder quantity field.

Minimum Order quantity

Specify the minimum order quantity required based on economical order lot predetermined.

In Simple Reorder Levels screen, the consumption alternatives will not be available and hence you have to input the only the quantities. i.e., the options that you have in the above mode are to define Reorder Quantity and Minimum Order Quantity.

If you have used Advanced Reorder options earlier, click Simple Reorder button, to specify simple reorder levels.

The options available in the Reorder Levels screen are as follows :

R : Adv Reorder

Press Alt+R to toggle to Advanced Reorder Levels screen.

M : Adv Min Qty

Press Alt+M to toggle to Advanced Minimum Order Quantity screen

How to  provide the opening balance for Input Tax Credit in a new Company?

Yes, it is possible to provide the Opening Balance for Input Tax Credit in a newly created company by giving the amount in the Opening Balance field followed by Dr for the Input VAT Ledger grouped under Duties & Taxes and Type of Duty/Tax as VAT. The opening balance will be displayed in the VAT Computation and the respective Forms. Selection of Vat/Tax class is optional.

Did you know how the effective date in Bank Reconciliation feature works?

Use an Effective Date for Bank Reconciliation: A company has data for the current year
and/or previous year and wants to use the bank reconciliation facility from a cut off date say
1st August 2009. By specifying the date in Effective date for Reconciliation field, vouchers for reconciliation will be considered only from the date specified.