In Tally, by default costing method for inventories is “Avg. Cost”. But in most of the cases all the industries who manage their inventory costing by FIFO.
So while generating financial reports or stock summary, users are not confirtable on accuracy of their financial values or inventory values, which has the substantial difference on profitablity and liquidity.
Need of this TDL
Using this TDL, default costing method of inventory can be changed to any required methods. And for earlier created items can be modified in bulk to the new costing method.
After enabling thid TDL, financial reports and inventory reports becomes more accurate and reliable for taking any business decisions.