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Cost Center and Cost Category in Tally.ERP9

If you responding “YES” , in Features F11 ( Maintain Cost Centers and more than one Cost Category)

 

The relationship between Features and Accounts Menu is shown below…

 

Maintain Cost Center                       Yes

   (more than ONE Cost Category)    Yes 

  

Cost Center :    Cost Center are the units where you can classify the amount into different ledgers.

 

Options : “YES” for the allocation of amounts into different ledgers.

Examples of cost centres:

  1. Departments of an Organisation, e.g., Finance, Manufacturing, Marketing, etc.
  2. Products of a company, e.g., Tally ess 4.5, Tally eis 5.4,Tally 6.3, Tally ies 7.2 , Tally 9.0, Tally.ERP 9 etc.
  3. Even individuals like, Salesman A, Salesman B, etc.

Cost Category :            Cost Categories have been introduced for organization requiring allocation of resources to parallel sets of  cost centers.

 

Option “ ‘Yes’ when you want to allocate the amount to more than one sets of cost centers.

 

Matrix is as shown below :

Cost Category Ø

Branch

Department

Manager

Telephone

Cost Center Ø

Kolkata

Research

Regional

06782-252525

 

Mumbai

Administration

Area

0671-266666

 

Delhi

Accounts

BDM

011-2555555

 

 

Support

 

 

 

 

Marketing

 

 

 

Example : Allocate the Expenditure.

 


Expenditure                 Branch Deptt.               Manager           Tel. Ph             Amt.

 


Telephone                     Kolkata Marketing                                   252525             2500

Traveling                       Mumbai                          Regional                                   5400

 


Step-1  :           Activate the following features thus : Gateway of Tally.ERP Ø Features (F11)

 

Step-2 :             Create Cost Category and Cost Centers.

 

Cost Category :            Gateway of Tally.ERP Ø Accounts Info Ø Cost Category Ø Create (Multiple)
Cost Center and Cost Category in Tally.ERP9Image-1
  1. Revenue Item : Items appears in Profit & Loss Accounts
  2. Non-revenue item : Item appears in the Balance Sheet.

Cost Center :    Gateway of Tally.ERP Ø Accounts Info Ø Cost Center Ø Create (Multiple)

Cost Center and Cost Category in Tally.ERP9Image-2

Step-3  :           Create Ledgers thus :

 

Gateway of Tally.ERP Ø Accounts Info Ø Ledger Ø Create ( Single)
Cost Center and Cost Category in Tally.ERP9Image-3

Step-4  :           Enter the transaction thus :

Gateway of Tally.ERP Ø Transactions/Vouchers Ø Accounting Vouchers Ø Payment Voucher

Cost Center and Cost Category in Tally.ERP9
 
 
Text
 
 
Company Information @ Tally.ERP9
 
Group & Ledger

Introduction
1. THE GROUP
2. THE LEDGER
3. VOUCHERS TYPES

Advanced Inventory / Stock
Meaning
Order Processing
Re-Order Levels
Tracking Numbers
Batch-wise Details
Additional Cost Details
Bill of Materials (BOM)
Price Lists and Price Levels
Stock Valuation
Zero Valued Entries
Inventory Ageing Report
Actual and Billed Quantities
Advanced Usage of Vouchers
Maintain Bill-wise Details
Cost Center and Cost Category
Interest Calculation
Reversing Journals
Post-Dated Voucher
Memo (Memorandum) Voucher
Optional Voucher
Using Tracking Number
Tally.ERP9 Report
  1. Unit Objectives
  2. Modifying Reports (Options)
  3. Balance Sheet
  4. Profit & Loss Account
  5. Stock Summary
  6. Trial Balance
  7. Day Book
  8. Books of Accounts
  9. Statement of Accounts
  10. Inventory Books
  11. Statutory Reports
  12. List of Accounts ( Chart of Accounts)
  13. Exception Reports
  14. Printing Reports
Tally.ERP9 MIS and Other Reports
Statutory & Taxation
Utilities & Others @ Tally.ERP9
Credit Limits
Knowledge Base @ Tally.ERP9
Stock Items
Stock Groups
Inventory Masters
Inventory Vouchers
Inventory Report Statements
Balance Sheet
Accounting Reports
Accounting Vouchers
Interest Calculation
VAT-Value Added Tax
Service Tax
TDS (Tax Deducted at Source)
 
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The names of Companies and persons used in this Website have been used for illustrative purposes only.
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