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Gateway of Tally > Accounting Vouchers > Payment Voucher (F5)Ĭost Centre allocations have to be done in the pop-up sub-screens in the main voucher entry screen. Cost Centres Allocation in Voucher EntryĮnter the payment Voucher as per example... Go to Gateway of Tally > Accounts Info > Ledgers > Create/Alterģ. To apply cost centres to ledger accounts,įor example, enable Cost Center for Payment ledger – Telephone / Telex / Fax Go to Gateway of Tally > Accounts Info. > Cost Centres > Create (under Multiple Cost Centres )Ģ. Create following Cost Centres under their respective category. Non-revenue item : Item appears in the Balance Sheet.ģ.Revenue Item : Items appears in Profit & Loss Accounts.Go to Gateway of Tally > Accounts Info. > Cost Categories > Create ( under Multiple Cost Category ). Enable cost categories in F11 features to create and use cost categories & Cost Centres. 3,000 by Cash as per following Cost Centre & Cost Categories :- Branchġ. 2,500 by Cash as per following Cost Centre & Cost Categories :- Branch Paid Telephone / Telex / Fax Charges – Rs. > The Salesmen A, B, and C can be Cost Centres under a Category - Executives.ġ. > Cost Centres such as Marketing, Finance and Manufacturing can now belong to a category - Departments. The allocation is done at the time of voucher entry.Ĭost categories are useful for organisations that require allocation of revenue and non-revenue items to parallel sets of cost centres means a transaction to more than one set of cost centres. This will help you track a sales executive's performance, in terms of cost and revenue generated.Īllocate expenditure incurred on sales by the salesmen, as well as the sales generated by them, directly to their Cost Centres. Under Marketing, classify the company's sales executives (Salesman A, Salesman B, Salesman C) as Cost Centres.Primary Cost Centres - Finance, Manufacturing, Marketing.You can have Primary Cost Centres and several levels of Cost Centres under each Primary Cost Centre. You can classify cost centres, just as you classify Group/Ledger accounts. Even individuals like, Salesman A, Salesman B, etc. 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.ERP9 etc.ģ. Departments of an Organisation, e.g., Finance, Manufacturing, Marketing, etc.Ģ. You can view the cost centre break up of each transaction as well as the details of transactions for each Cost Centre.ġ. This enables accounting all transactions for that particular cost centre.
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Transactions are allocated to cost centres.
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When only costs or expenses are allocated to these units, they are referred to as Cost Centres. Cost Center and Cost Category in Tally.ERP9Ī cost centre is any unit of an organisation to which transactions (generally, revenue) can be allocated.